05.03. Fresh trading analysis: the Fed's chair speech, markets are down

05.03.2021

Technical reviews

Friday, March 5th, today’s news—the Fed's chair Jerome Powell predicts a temporary rise in inflation and intends to maintain easy monetary policy. Global markets are down as bond yields rise, dollar is stronger, investors await job data in the US, oil is at a 14-month high on OPEC+ extending the output cuts. The price of Brent oil is $68.19, WTI—$65.13, EUR/USD is at 1.1931, GBP/USD—1.3809, gold is $1,691.30 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

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