Forex today: no surprises are expected at the EBC meeting

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The trend in American dollars collected an additional couple on Wednesday, fueled by fears for the American economy and a few again that Trump’s administration can delay some of the planned tariffs.

Here’s what you need to know on Thursday, March 6:

The American dollar index (DXY) broke below 105.00 support, reaching a four -month minimum among further fears about the US economy. The January balance of trade results is due, delegated from job reductions, ordinary weekly initial unemployment claims and unit labor costs. In addition, Fed. Waller and Harker are to speak.

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EUR/USD has expanded its solid performance to the 1,0800 barrier or fresh four -month -old peaks. The decision on EBC interest rates will be central, as well as Lardha’s press conference. In terms of PMI data, HCOB in Germany and the euro area will be issued along with retail sales throughout the block.

GBP/USD has increased only to pips from a key barrier at 1.2900 figure or multi -mobile vertices. S&P Global Construction PMI will be the only edition of the channel and then Mann Boe’s speech.

USD/JPY resumed his downward trend and visited the low-148.00 again after a edged withdrawal in Greenback. The weekly investment data in foreign bonds will be published.

Aud/USD increased significantly, promoting the third day in a row and recovering the area outside the 0.6300 obstacle. Commercial results are expected, delegated from the prints of flash permits for the construction and approval of private homes.

WTI barrel prices have fallen to fresh minima near the USD 65.00 sign in response to increased oil supply in the USA, tariff fears and expected OPEC+ intention to raise oil production in April.

Gold prices were reached by the third profit day in a row, again completing the USD 2,920 zone after a rapid decrease in the US dollar. Silver prices rose further north of $ 32.00 per ounce, flirting with eight -day maxima.

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