Daily Market View 16-03-2026

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Daily Market View 16-03-2026
1:13

Major week as Fed, BoE and ECB meet

1 Minute Market Rundown

  • US Federal Reserve meets on Wednesday the 18th, whilst BoE and ECB follow on Thursday, with no rate changes expected

  • Instead, all minds at the meetings will be on how a longer Iran war effects the rates outlook

  • Iran bombed several key pieces of Oil infrastructure in the Gulf states over the weekend and Brent opens at $106 per barrel

 

USD - 

The Dollar's dramatic change of fortune continues as we enter the third week of this conflict. Oil prices continue to grind higher as a clear reasonable solution to reopening the Strait of Hormuz fails to materialize and Iranian strikes continue on key Oil infrastructure. 

There is even suggestions that a longer war could bring EURUSD, which is presently suffering at a 7 month low, to parity, meaning a further 15% movement on top of the already strong Dollar rally. 

Screenshot 2026-03-16 075202 

This seems quite distant from our present position, but even beyond the war ending rapidly, damage to existing infrastructure will likely continue to inhibit a full return to business as normal. Higher Oil prices mean a stronger USD and it's difficult to say that we have seen the peak in Brent just yet and so EURUSD at parity is a remote, but still potent enough, horizon should this not be concluded soon.

 

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

Screenshot 2026-03-16 080424

 

Today's Economic Calendar

Major Economic Releases (All times in GMT)

No major releases

 
 
 

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