📊 GLOBAL MARKET CUES

🔹 US Markets
• Wall Street closed higher, all major indices ended in the green.
• US futures trading higher ahead of the upcoming Fed interest rate decision.
• US 10Y yield steady as traders assess oil surge and Middle East tensions.

🔹 Asia Markets
• Asian markets mixed in early trade.
• Nikkei surges over 2%, while Hang Seng trades lower.

🔹 India Outlook
• GIFT Nifty trading higher, indicating a positive start for Indian markets.

🔹 Geopolitics
• Iran confirms death of security chief Ali Larijani in Israeli airstrike.
• Iran targets UAE energy infrastructure, tanker incident near Hormuz Strait raises supply concerns.

🔹 Commodities
• Oil prices remain elevated above $100 amid Middle East tensions.
• Gold & Silver volatile due to Fed uncertainty and rising crude prices.

🔹 Global Economy
• Japan exports rise 4.2% in February, but shipments to China & US decline.

🔹 Corporate News
• Tesla plans $4.3B purchase of LG Energy battery cells from former GM plant.
• Nvidia to ramp up H200 chip production for China market.

⚠️ Key Market Themes Today
• Fed rate decision ahead
• Middle East tensions impacting oil
• Volatility in metals
• Positive global equity sentiment

🌍 WHAT HAPPENED OVERNIGHT

📈 US Markets

* S&P 500: +0.25%
* Nasdaq: +0.47%
* Wall Street ended slightly higher as investors focused on geopolitical risks and upcoming policy signals.

🛢 Commodities

* Brent Oil: +3.4% to $103.66
* Oil surged as the Iran war threatens supply routes, especially around the Strait of Hormuz, a key corridor for ~20% of global oil shipments.

💵 Currencies & Bonds

* US 10Y Yield: ↓ 2 bps to 4.19%
* Dollar Index: ↓ 0.16% to 99.55

⚠️ Geopolitics

* Iran conflict continues with no signs of slowing, raising concerns about global energy supply.

* Trump criticized NATO allies for not supporting US efforts to secure the Strait of Hormuz during the conflict.

* Trump said he expects a summit with China’s Xi Jinping in about 5–6 weeks, despite the ongoing war.

📊 Key Market Themes

* Oil supply risks from Middle East tensions
* Geopolitics dominating market sentiment
* Dollar and yields slightly weaker

EURUSD – 1H Analysis

📈 Market Structure: Bullish

• Price formed a strong impulsive move upward after taking liquidity from the downside.
• Market created a higher low and continuation structure.
• Currently consolidating near resistance after the bullish impulse.

📊 Key Levels

Resistance: 1.1570 – 1.1595

Support: 1.1530

Strong Support: 1.1510

⚡️ Trade Idea
• If price breaks and holds above 1.1570, upside continuation toward 1.1600 – 1.1620 possible.
• If price rejects resistance, pullback toward 1.1530 support zone likely.

📌 Bias: Short-term Bullish

XAUUSD (Gold) – 1H Analysis

📉 Market Structure: Bearish / Range

• Gold is forming lower highs on the 1H timeframe.
• Price currently trading inside a consolidation range near 5000 psychological level.
• Sellers are controlling the market after repeated rejections from upper zones.

📊 Key Levels

Resistance: 5075 – 5080

Intraday Resistance: 5170 zone

Support: 4980

Major Support: 4940

⚡️ Trade Idea
• Break below 4980 could push gold toward 4940 support.
• If buyers reclaim 5075, a bounce toward 5100+ may occur.

📌 Bias: Slightly Bearish

🚨 NEWS UPDATE – USD

📊 Core PPI m/m
• Actual: 0.3%
• Previous: 0.8%

📉 US producer inflation cooled significantly, indicating easing price pressures at the wholesale level.

🏦 FOMC Statement
• Federal Reserve released its policy statement, closely watched for rate outlook and economic guidance.

⚠️ Market Impact
• Lower PPI may support risk assets.
• USD volatility expected as traders digest the Fed statement and policy tone.

📊 Watch closely:
Gold | EURUSD | US Indices

🚨 USD DATA RELEASE

📊 Core PPI m/m
• Actual: 0.5%
• Forecast: 0.3%
• Previous: 0.8%

📊 PPI m/m
• Actual: 0.7%
• Forecast: 0.3%
• Previous: 0.5%

⚠️ Takeaway:
PPI came in stronger than expected, indicating rising producer inflation.

💵 USD Positive | Metals may face pressure

🚨 GLOBAL MARKET CUES

🌍 Geopolitics
• Iran attacks may wipe out ~17% of Qatar LNG capacity ⚠️
• Israel says Iran lacks nuclear capability
• Tensions rising around Hormuz Strait (key oil route)

📉 Global Markets
• US markets closed in red
• European markets weak, DAX down ~3%
• US futures steady after sharp sell-off

🛢 Commodities
• Brent volatile, still elevated
• Gold & Silver rebound after heavy sell-off

🏢 Stocks in Focus
• Super Micro crashes 14% on legal concerns
• Accenture raises FY26 growth guidance

⚠️ Key Themes
• War tensions = energy risk + volatility
• Fed concerns + oil swings = equity pressure
• Metals showing short-term bounce

📌 Market Mood: Mixed → Volatile ⚡️

XAUUSD (Gold) – 1H

📈 Market Structure: Bearish → Pullback

• Strong sell-off followed by sharp bullish retracement
• Price now approaching resistance/supply zone
• Current move looks like a pullback, not reversal yet

📊 Key Levels

Resistance: 4710 – 4740
Supply Zone: 4800 – 4850
Support: 4680
Major Support: 4610

⚡️ Trade Idea
• Watch for rejection at 4710–4740 → sell continuation
• Break above 4740 → move toward 4800 possible

📌 Bias: Bearish (Pullback Phase) 🔴

EURUSD – 1H

📉 Market Structure: Rejection from Supply

• Strong bullish move → hit supply zone (1.1570–1.1590)
• Sharp rejection → forming lower highs on lower TF
• Momentum slowing → possible short-term pullback

📊 Key Levels

Resistance: 1.1570 – 1.1595
Intraday Resistance: 1.1560
Support: 1.1525
Major Support: 1.1490

⚡️ Trade Idea
• Sell below 1.1560 with continuation toward 1.1525
• Break below 1.1525 → 1.1490

📌 Bias: Short-term Bearish 🔴