Markets rebound across Asia

Here’s what Craig Erlam, Senior Market Analyst, from OANDA spoke about on Biztech’s Asian Midday Market:

• The U.S. consumer price index report for February came in at 0.4% with an annualized increase of 6% – in line with expectations and likely keeping the Federal Reserve on track for another interest rate hike ahead. However, expectations have been muted due to the ongoing crisis of confidence with banks, with Moody’s cutting outlook to negative on the U.S banking system. Craig discusses expectations of the Fed at its meeting next week.
• The UK jobs data was in line with expectations with unemployment at 3.7%. Craig will share insights into his view on the Bank of England’s thinking around the rate hikes in the upcoming meetings.
• Given the current volatility Craig will discuss trading opportunities that he is seeing now in markets.

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