WTI and stocks volatile, USD gains momentum

The WTI oil continues to be volatile amid the Suez canal blockade, while tech-stocks remain under pressure as it seems like the current bubble might be bursting.

Meanwhile, the UK retail sales fell by 3.7% on the year in February, slightly better than -5.9% in the previous month, but still implying a difficult situation with a lot of the country locked down. 

Later in the day, German IFO surveys will be released, and they could move the EURUSD pair. 

Moreover, investors will pay attention to US personal income and spending data. 

Today is the last day of the week, but the first day without any central bankers’ speeches. However, it looks like central banks will need to start raising rates sooner rather than later, forced to do so by rising inflation everywhere. 

Elswehere, the USD keeps gaining momentum, with the EURUSD pair dropping toward 1.17 and the USDJPY pair rising toward 110. 

Source: https://www.axiory.com/market-news/wti-and-stocks-volatile-usd-gains-momentum