บทความและสาระน่ารู้

Gold (XAU/USD) dives to a fresh low since February 6 during the first half of the European session on Thursday, though it finds some support near the $4,700 round figure.

Societe Generale’s Kenneth Broux expects the Bank of England to keep rates unchanged while warning on upside inflation risks, with markets now pricing the next move as a hike.

The European Central Bank (ECB) will announce its monetary policy decision on Thursday, following a two-day meeting.

ING commodities strategists Warren Patterson and Ewa Manthey warn that missile damage at Qatar’s Ras Laffan Industrial City threatens a key LNG hub supplying nearly 20% of global trade.

Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep rates unchanged, with the board comfortable at current levels and united against both tightening and easing. While he sees inflation risks as overstated, the Iran war and higher energy prices justify caution.

TD Securities economists say the FOMC kept policy unchanged and Powell downplayed the SEP, but they see the Fed’s patience on inflation normalization expiring by late summer as an Oil shock lifts headline inflation.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $71.56 per troy ounce, down 4.97% from the $75.30 it cost on Wednesday.

The Bank of England (BoE) is on track to leave the benchmark Bank Rate unchanged at 3.75% for the second meeting in a row on Thursday, as the macro context has completely shifted in the past three weeks. 

MUFG’s Senior Currency Analyst Lee Hardman reports the Japanese Yen is holding up better against the Dollar as the BoJ leaves the door open to an April rate hike and officials step up FX warnings.

Bank of Japan (BoJ) Governor Kazuo Ueda is addressing the press conference, explaining the reason behind leaving the key interest rate unchanged at 0.75% in the March policy meeting.