Article Title: Institution: Oil Price Will Still Be the Biggest Market Driver, CPI Impact Possibly Limited
BlockBeats News, March 11th: Pepperstone analyst Michael Brown stated in a report that the oil price will still be the market's biggest driver, with its impact exceeding the U.S. February inflation data to be released tonight.
Brown said that market participants felt a sense of relief after U.S. President Trump mentioned that the conflict would soon end. However, he pointed out that the market would still closely monitor the situation for any signs of easing.
He stated that although U.S. inflation data is usually a key event to watch, tonight's data may not have a significant impact from both a market perspective and the Fed's policy outlook. He added that due to the geopolitical situation's uncertainty, market participants are "not paying much attention to the upcoming economic data." (FXStreet)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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