Buyers have lost the initiative in the market but will try to regain it

The bullish trend is broken. Or is it?

Washington tones down rhetoric: the US effectively acknowledges limited control over the Strait of Hormuz. A strong productivity jump masks a slowdown in the US economy

New Zealand's GDP for Q4 showed growth of only 0.2% compared to the previous quarter, which fell short of market and RBNZ expectations.

USD/JPY: Tips for Beginner Traders on March 24th (U.S. Session)

GBP/USD: Tips for Beginner Traders on March 24th (U.S. Session)

EUR/USD: Tips for Beginner Traders on March 24th (U.S. Session)

A hawkish signal from the Bank of England supports the pound and provides additional backing for spot prices. Traders are awaiting UK PMI data for signals on the state of the economy and a new impulse.

The intention of central banks, counterparts of the Federal Reserve, to raise interest rates is holding back the US dollar's advance.

The Bank of England left the policy rate unchanged last week at 3.75%, as expected. The decision was unanimous, the first such case since 2022. Even outspoken doves joined the majority this time because the risk of rising domestic inflationary pressure has noticeably increased.