Gold: Russian President Putin Speech
Gold prices are falling from the Resistance zone after Chilled the War fears between Russia and Ukraine.
Russian President said We have to look for Diplomatic solutions with Ukraine than War attack.
And the US said no confirmation, in the end, has come, so still, invasion is possible as per US President Joe Biden said.
FED rate hike view is rose to higher from 3.3% from 60.0% in February month poll for March month rate hike.
US Non-Farm payrolls give robust numbers this month, and the inflation rate hits 7.5% annually, which is a 40 year high.
Due to these scenarios, Gold prices are calming down after easing tension from the Russian Military Stepped Back from attacks.
But Still Have Room to fear for War attacks from Russia.
US Dollar: US FED Rate hike Forecast
USDCHF is moving in the Symmetrical triangle pattern and the market has reached the bottom area of the pattern.
FED Maybe do 25 bps rate hikes as the Reuters Poll of 84 respondents said as the US has recovered from the pandemic time and hits all-time high of CPI 7.5% annually.
The 20 Respondents shows 50 bps rate hike is possible in March month Meeting due to Russian War and inflation hits peak reading.
Anyhow 1.25% to 1.50% rate hikes will be at the end of 2022 if possible and 2.25 to 2.50% by the end of 2023 end.
The FED Purchasing bonds cutting by $60 Billion is expected, and the $20 billion to $100 billion range is possible in upcoming months.
And USD stayed calm ahead of US retail sales data and FOMC meeting minutes.
US President Joe Biden Speech
US President Joe Biden addressed the nation and said Russia had stepped back military from Ukraine Borders in a bit of group and the US has not Verified till now.
Russia has to clear; US and NATO are not enemies for Russian Freedom and Stability. We did not harm any Russian cultures and politics in Ukraine.
If Russia attacks Ukraine, Human Cost is more, and US Armies will pay against Risks.
If Russia attacks Ukraine, then Severe sanctions have been imposed for Russia from US and Eurozone.
And the Nord 2 stream Pipeline has been stopped if Russia involves in War; energy prices will be soaring higher if a War-like scenario is created.
So, Russia has to understand NATO and its allies’ power; the US Does not stand at risk and will pay tomorrow if Russia Attacks start.
EURO: ECB Board Member Speech
EUR USD is moving in the Descending channel and the market has retested the lower high area of the channel.
Euro has produced some gains as expected Eurozone industrial production has been forecasted this week.
US PPI index rose to 9.7% versus 9.8% from 9.1% expected, and US Core PPI rallied to 8.3% versus 7.9%.
ECB Board member Isabel Schnabel said Rising rates are not far from the Table and the Risk of higher inflation rate surrounding the Globe.
The US has reached 7.5% inflation since 40year high, and FED has taken action, wise ECB has the time to come to initiate tightening Bond purchases and rate hikes.
UK Pound: UK Inflation hits 30 year Peak
GBP USD is moving in the Symmetrical triangle pattern and the market has rebounded from the Bottom area of the pattern.
UK inflation data has been released today, and Core inflation data rose to 4.4% in January and a 0.20% rise from December.
The Core inflation reading stood at 5.5% in the one year to January 2022, up from 5.4% last month. This is the highest UK CPI reading since 1992.
And Consumer prices, including Occupier’s housing costs, rose by 4.9% from 4.8% in December.
And CPIH shows the highest record reading in January since 2006.
By considering this Bank of England might do 50Bps rate hikes in March month Monetary policy meeting as Good Job numbers and Unemployment rate printed last day.
Canadian Dollar: Russian Troops Stepped Back from the Ukraine Borders
USD CAD is moving in the Descending triangle pattern and the market has fallen from the lower high area of the triangle pattern
Canadian Dollar shows some strength against US Dollar due to Russian troops have stepped back from Ukraine Borders last day.
And Chinese inflation numbers came below forecast numbers. Chinese CPI reading came at 0.90% versus 1.0% expected, and PPI reading came at 9.1% versus 9.5% expected.
This will give PBOC some breathing room for easing; liquidity was added yesterday to help the economy support the pandemic.
And the Iron ore prices are declining to 3.0% due to the Chinese Dalian Commodity exchange crackdown by Chinese Authorities.
And also, the Tensions calm down on Ukraine Borders makes Australian 10-year Government Bonds rise to 2.22%.
Japanese Yen: Bank of Japan Governor Speech
GBPJPY is moving in an Ascending channel and the market has reached the Resistance area of the Channel.
Bank of Japan Governor Haruhiko Kuroda said Japan is now not to exit from easing monetary policy due to the economy’s pandemic conditions.
And by funding climate changes support and not aiming for Bank profits.
The JGB buying is continuing to achieve the inflation 2% target.
And We are trying to buy JGB’s and how much JGB’s will fulfil the market conditions.
If the Market conditions turn unusual, then the Bonds buying program will be higher; if reverses, JGB Bond buying will be slower and not too tightened.
Our aim is for JGB Bond yields to move to 25 basis points ups and Down from the 0.0% Yield target.
Australian Dollar: Chinese PPI and CPI came below expectations
GBPAUD is moving in the Descending channel and the market has reached the lower high area of the channel.
Australian Dollar regained the momentum as Russian Troops has stepped back from the Ukraine Borders.
And Russian President has no confidence in Ukraine withdrawal of NATO interest on conversations with US President Joe Biden, so still War fear is not over as per Biden commented.
And Chinese inflation data came at 0.90% below the 1.0% forecast, and the PPI index came at 9.1% versus the 9.7% forecast.
People Bank of China has breathing room for further easing Monetary policy conditions due to printed lower inflation data.
And Iron ore prices are declining and have not affected the Australian Dollar in the near term.
New Zealand Dollar: NZ PM Jacinda Ardern Speech
GBPNZD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
New Zealand Dollar shows some consolidation due to Russian Army waiting for an Attack on Ukraine Borders.
And now the Russian President is calming down for a diplomatic solution rather than a War scenario.
China PPI and CPI data came at below expectations, and New Zealand Exports to China have increased month on month.
And New Zealand Prime minister Jacinda Ardern is waiting for releasing the further Border restrictions from march month onwards and 100% second Dose and Booster Dose completion of New Zealand Citizens.
Swiss Franc: War fears calmed the Safe-haven currencies to stable
EURCHF is moving in a rising wedge pattern and the market has rebounded from the higher low area of the pattern.
Swiss Franc has appreciated further as the Swiss inflation rate pushed higher, and SNB Chairman Thomas Jordan predicted the inflation rate would be lower to 1%.
USD CHF has gone higher due to Russian tensions on the Ukraine Border last day.
And US Joe Biden speech keeps Investors hopes on Riskier currencies than safe-havens.
Don’t trade at your free time, instead trade the markets only when there are confirmed trade setups.
Get confirmed trade setups here: https://www.forexgdp.com/buy/