Gate News reports that on March 11, Pepperstone analyst Michael Brown released a report stating that oil prices will remain the biggest market driver, with influence surpassing the upcoming U.S. February inflation data announced that evening. Brown said that after U.S. President Trump stated that the conflict would end soon, market participants felt some relief, but they will still closely monitor developments for any signs of de-escalation. He added that although U.S. inflation data is usually a key event worth paying attention to, the data released that evening may not have much impact from a market perspective or in terms of Federal Reserve policy outlook. Due to geopolitical uncertainties, market participants are “less concerned about the upcoming economic data.”
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