BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
The EUR/USD currency pair is expected to decline if the trade conflict between the United States and Europe were to intensify, according to the latest research report from Commerzbank.
The focus is turning to US data today and tomorrow as concern over a weakening US economy are mounting following a weak manufacturing ISM index and yesterday's downward revision in last month's ADP employment figures.
In addition, news of growing trade tensions between the US and Europe is weighing on investor sentiment. Interestingly, this too put pressure on the US dollar yesterday, while in theory, it should support the US currency as the imposition of tariffs on EU imports should be inflationary and thus raise the US rate outlook, the report added.
Instead, the threat of a trade war with Europe is seen as deteriorating the US growth outlook and market rate expectations, as a result, have started to fall again.
While indeed another US trade war would weigh on the US economy and may even force the Fed to cut interest rates more aggressively, it would be an even bigger burden on Europe which is already seen at the brink of a recession, Commerzbank further noted in the report.
