EU Bullet Report | Be Prepared for the Volatility Today

  • UK Annual Budget Release at 12:30GMT: The market expects Chancellor George Osborne to set out £4bn in extra spending cuts and to announce investment in the UK’s infrastructure. GBP/USD is looking bearish at the moment as is trading below 1.4250. Trading Central prefers short positions on GBP/USD below 1.4200 with targets @ 1.4025 & 1.3985 in extension
  • Crude Oil Inventories at 14:30GMT: Inventories for February are expected to drop as there was a reduction of 180K barrels per day from oil exporting countries. Trading Central prefers short positions on WTI below 37.45 with targets @ 35.93 & 35.33 in extension

*Please note WTI Contracts Expire at 15:00GMT Today.

  • FOMC Statement at 18:00GMT: Investors expect the Federal Reserve to hold interest rates steady despite strong employment data and are focusing instead on the FOMC statement, which could lower the outlook for the number of U.S. rate hikes this year. Trading Central prefers short positions on EUR/USD below 1.1135 with targets as low as 1.1030

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