Market Snapshot – Today, March 23, 2025
Investors continue to exercise caution amid mixed economic signals as today’s key data releases loom. Here’s what you need to know for today:
- Economic Calendar:
Eurostat is set to release January Industrial Production data later today, while the US calendar includes weekly Initial Jobless Claims and February Producer Price Index (PPI) figures. - US Dollar & Currency Movements:
The latest heat map shows that the US Dollar remains weakest against the Euro. For instance, USD/EUR has declined by approximately 0.40%, while movements in pairs such as USD/GBP and USD/JPY are more muted. The USD Index holds steady above 103.50 after a recent rebound. - Stock & Inflation Data:
Reflecting a risk-averse atmosphere, US stock index futures are trading down between 0.2% and 0.7%. The Bureau of Labor Statistics reports that annual inflation has eased to 2.8% in February, with core CPI (excluding volatile items) rising 0.2% month-on-month. - Regional Currency Updates:
- USD/CAD is trading around 1.4400 after recent policy adjustments by the Bank of Canada.
- EUR/USD remains below 1.0900, struggling to gain bullish momentum.
- GBP/USD continues its sideways trend near 1.2950.
- USD/JPY has turned lower, trading below 148.00 following comments from BoJ Governor Kazuo Ueda on Japan’s modest underlying inflation.
- Precious Metals:
Gold continues its recovery, with XAU/USD trading above $2,930 as investors flock to safe-haven assets amid prevailing uncertainty.
Inflation FAQs
- What is inflation?
Inflation measures the rising prices of a basket of goods and services over time, typically expressed on a MoM and YoY basis. - What is the Consumer Price Index (CPI)?
The CPI tracks price changes of consumer goods and services, serving as a primary gauge of inflation. - Impact on Forex & Gold:
Higher inflation can weaken a currency, while boosting gold prices as investors seek a hedge against price rises.
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