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Golden Ten Data reported on March 11 that Francesco Pesole from ING Bank stated in a report that the market may rule out the possibility of an ECB rate hike, but this may not necessarily weaken the euro. According to LSEG data, due to the Iran war pushing up energy prices, the market has now priced in a 25 basis point rate hike by the end of the year, whereas previously the expectation was for rates to remain unchanged. Pesole noted that although the likelihood of a rate hike appears low, ECB policy expectations have very limited impact on the euro, and oil prices remain the "absolute main driving factor." He mentioned that The Wall Street Journal reported the International Energy Agency is planning the largest oil reserve release in history, which could keep EUR/USD above 1.60 in the short term.

Golden Ten Data reported on March 11 that, according to informed sources, a decision may be made later on Wednesday. The source stated that as governments around the world seek to curb the surge in energy prices triggered by the Middle East war, this Paris-based institution is responsible for coordinating the release of inventories among OECD countries. The G7 has indicated its support in principle for "active measures," including the release of strategic reserves, but has not yet provided details on the potential scale of intervention. The International Energy Agency stated that its 32 member countries hold over 1.2 billions barrels of emergency stockpiles, including the largest buffer reserve—the United States Strategic Petroleum Reserve (SPR).

Main Market Theme Today: CPI to Dictate Tech Stocks’ Direction The US February CPI will be released tonight at 8:30 am ET. The consensus expects a 2.9% YoY increase. – If CPI comes in higher than expected: rate cuts may be delayed → pressure on tech stocks. – If CPI comes in lower than expected: QQQ/NVDA could rally. ORCL crushed earnings last night, with shares surging 9% . Cloud revenues were up 44% YoY, further confirming solid demand for AI infrastructure.   Trading Opportunities: NVDA: AI narrative is back in focus. If CPI is below expectations, watch for a potential breakout above $185 resistance. ORCL: Post-earnings momentum window. If the stock opens strong, watch for support around the gap/previous highs after any pullback. If it opens weak, avoid chasing. FUTU: Earnings coming pre-market today. For a positive surprise, consider a light pre-market position. Key Focus: 8:30 am ET US February CPI – the biggest market mover of the day