Euro/Dollar
The currency pair is currently consolidating in a higher trading framework, with a strong resistance border at 1.1143 and support at 1.1057.
There is a halt in the yield of US Treasury bonds after recent growth. At the moment, the indicator is at 1.903%.
On Wednesday, there was a slight decline in the US currency against the background of the strengthening of the euro, in connection with the emergency EU summit and the ECB meeting.
The pair rose 0.33% after falling on Monday to the lowest level of the last 22 months. The recovery of the exchange rate was influenced by the announcement of a possible joint issue of bonds to finance defense and energy projects. An emergency summit is scheduled today.
The results of the ECB meeting may be affected by the fact that an increase in commodity prices can significantly slow down economic growth in the Eurozone. In view of this, the regulator is likely to postpone the interest rate increase until the end of the year.
The market is also waiting for an interest rate decision from the Fed, which will be announced at a meeting next week. Recently, the head of the Federal Reserve announced that he was going to support an increase by a quarter point, and also announced his intention to take decisive measures in the event of a further increase in inflation.
The euro paired with the dollar is still sensitive to the external news background. The exchange rate may react to the ECB interest rate decision, as well as the consumer price index of the United States.
Pound/Dollar
The pound/dollar pair is consolidating within the trading framework of 1.3202 - 1.3081, after a recent reversal. The British currency is leading due to speculative priority in the American and European sessions. In the event of another wave of growth, the pound may reach the resistance level of 1.3274.
The external news background exerts strong pressure on central banks and currency markets. Investors still expect the Fed to raise the rate by 25 basis points. However, Jerome Powell made it clear in his speech that the regulator may resort to tougher measures if the rapid growth of inflation continues.
Market participants also expect the release of the consumer price index for February in the United States. According to experts, the inflation rate will rise to 7.9% year-on-year, compared with the previous month.
Tomorrow, the publication of fresh data on Britain's GDP for the last month of 2021 is expected, as well as the output of industrial production and the trade balance.
Gold
Gold is currently in the support area of 1978 dollars per ounce.
The trading environment ended with the growth of the American stock market, due to strong signals from the sectors of raw materials, technology, finance. The Dow Jones rose by 2.00%, the S&P 500 index rose by 2.57%.
Inflation in the world is gaining new record momentum. In China, consumer price growth rates stabilized in February. The rise of the indicator by 0.9% in annual terms was the lowest in the last few months. Over the year, food prices fell by 3.9%, while the cost of non-food products increased by 2.1%.
Cryptocurrencies
After the recent strengthening, BTC is near the resistance level of $43,122, having left the trading framework of the past weeks. In case of active sales, digital gold can reach support in the area of $39,860.
According to the results of Wednesday, the capitalization of the crypto market amounted to 1.83 trillion US dollars. On Tuesday there were figures - 1.75. There is an increase in the number of long positions in the market.
The sharp growth of bitcoin and other cryptocurrencies occurred after the publication of the details of the order of the American president, which spoke about an integrated approach to digital assets.
The market's attention in the second half of the week will be focused on the number of initial applications for unemployment benefits, the consumer price index and data from the University of Michigan.