![](\"https:\/\/www.financialmirror.com\/wp-content\/uploads\/2023\/05\/oanda-Craig-US-Fed.jpg\")
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Further gains saw the USD Index (DXY) advance to three-week highs past the 104.00 hurdle on Tuesday despite the corrective decline in US yields.<\/p>\n
The Federal Reserve interest rate decision, along with the FOMC Economic Projections and Chair Jerome Powell\u2019s press conference, will take centre stage across the pond on Wednesday.<\/p>\n
The EURUSD pair added to Monday\u2019s pessimism and dropped to multi-week lows near the 1.0830 region, putting the critical 200-day SMA to the test at the same time.<\/p>\n
Also on Wednesday, the ECB\u2019s Christiane Lagarde will speak, and the European Commission will release its flash Consumer Confidence gauge.<\/p>\n
The GBPUSD pair reversed the earlier pullback to the 1.2670 zone on Tuesday and reclaimed the area beyond 1.2700 the figure towards the end of the NA session. The UK docket will see the Inflation Rate on March 20.<\/p>\n
USDJPY climbed markedly and traded just pips away from the key 151.00 mark, or 2024 highs, as the selling pressure around the yen picked up strongly following the BoJ rate hike.<\/p>\n
AUDUSD extended its leg lower for the fourth session in a row and approached the key support at the 0.6500 neighbourhood in response to the upside bias in the Greenback and the dovish hold from the RBA. On March 20, the RBA\u2019s Consumer Inflation Expectations are due.<\/p>\n
Prices of WTI advanced past the $83.00 mark per barrel, or four-month highs, on the back of geopolitics and prospects of stronger demand.<\/p>\n
Prices of Gold faded Monday\u2019s small gains and traded with humble losses around the $2,150 zone per troy ounce amidst further advance in the Dollar and lower US yields.<\/p>\n
Silver followed suit and dropped for the second session in a row following Friday\u2019s tops near the $25.50 region per ounce.<\/p>\n
(Source: OANDA)<\/p>\n","protected":false},"excerpt":{"rendered":"
– The USD Index (DXY) reached three-week highs past the 104.00 mark on Tuesday, despite a decline in US yields.
\n– The Federal Reserve’s interest rate decision and the FOMC Economic Projections, along with Chair Jerome Powell\u2019s press conference, are scheduled for Wednesday.
\n– The EURUSD pair fell to multi-week lows near the 1.0830 region, testing the critical 200-day SMA.
\n– ECB\u2019s Christiane Lagarde is set to speak on Wednesday, and the European Commission will release its flash Consumer Confidence gauge.
\n– The GBPUSD pair moved beyond 1.2700 towards the end of the NA session on Tuesday after reversing an earlier pullback to the 1.2670 zone.
\n– The UK will report the Inflation Rate on March 20.
\n– The USDJPY pair approached the 151.00 mark, near 2024 highs, due to increased selling pressure on the yen following the BoJ rate hike.
\n– The AUDUSD pair approached the 0.6500 support level for the fourth consecutive session, influenced by a stronger USD and the RBA’s dovish stance. The RBA\u2019s Consumer Inflation Expectations are due on March 20.
\n– WTI oil prices surpassed .00 per barrel, reaching four-month highs, driven by geopolitical factors and anticipated stronger demand.
\n– Gold prices saw modest losses around the ,150 per troy ounce zone, affected by the stronger Dollar and lower US yields.
\n– Silver prices dropped for the second consecutive session after reaching highs near .50 per ounce on Friday.<\/p>\n","protected":false},"author":4,"featured_media":4774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2542,1498,2190,260,2620,2621,50,1841,600,2624,372,52,2623,373,1121,308,53,1752,67,899,374,54,34,55,2057,1033,375,550,1354,1358,494,380,57,2622,18,360],"class_list":["post-4773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-conference","tag-confidence","tag-decline","tag-dollar","tag-dollar-index","tag-dxy","tag-ecb","tag-european-commission","tag-eurusd","tag-eurusd-pair","tag-fed-rates","tag-federal-reserve","tag-federal-reserve-interest-rate-decision","tag-fomc","tag-gbpusd","tag-geopolitical","tag-gold","tag-gold-prices","tag-inflation","tag-interest","tag-interest-rate","tag-marketpulse","tag-markets","tag-oanda","tag-oil-prices","tag-prices","tag-rate-cut","tag-rate-hike","tag-release","tag-support","tag-uk","tag-us","tag-us-fed","tag-usd-index","tag-world","tag-wti"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n