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Figure Heloc 
Prior +2.3%HICP +3.4% vs +3.3% y/y prelimPrior +2.5%Core annual inflation is seen at 2.9% and that is a step up from the 2.7% reading in February. As higher energy prices bump up headline inflation, it will eventually also spill over to core prices down the road. That even more so the longer that this US-Iran conflict keeps up and the Strait of Hormuz remains in de facto closure.For now though, the broader market mood is still one that is leaning more towards being more optimistic. However, the reality of the situation remains that nothing will change until something changes on the Strait of Hormuz. Traders and investors are holding out hope but is it only a matter of time before it all comes tumbling down?
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
Inflation data just came in hotter than expected, and here’s why that matters: With HICP rising to 3.4% from a previous 2.3%, traders need to brace for potential volatility in both the forex and crypto markets. Higher inflation typically leads to tighter monetary policy, which could strengthen the euro against the dollar. If core inflation rises to 2.9%, up from 2.7%, it signals persistent inflationary pressures that central banks might not ignore. This could lead to interest rate hikes sooner than anticipated, impacting asset valuations across the board. Look for key technical levels in EUR/USD; a break above recent resistance could signal a bullish trend, while failure to hold could lead to a retracement. Keep an eye on related markets like commodities, as rising energy prices could further exacerbate inflation, creating ripple effects. Watch for market reactions around upcoming central bank meetings, as these could provide critical insights into future rate decisions.
📮 Takeaway
Monitor EUR/USD closely; a break above resistance could indicate a bullish trend as inflation pressures mount.
