Market Updates – March 5

Federica D’Ambrosio

Senior Trader and CFO

Inflation Remains Protagonist of Trading Week: Eurozone in the spotlight

Inflation remains the protagonist of another trading week and this time the focus is shifted in the eurozone, where inflation fell less than forecasted.

Core Harmonized Index of Consumer Prices in February saw an increase to 5.6%, 0.3% more of what previously anticipated while the overall consumer price growth decreased only by 0.1% from January value to 8.5%, against the forecasted 8.2% due to an increase in prices for services, goods and food.

The latest figure reinforced the view of inflation decreasing at a slower than expected pace resulting in the general belief that the ECB will keep raising rates by half a percentage point even in Q2.

The performance of the US dollar this week has been somewhat subdued, and this can largely be attributed to the behavior of EU yields, which has been a key driver of the global inflation narrative. Despite a market environment that has been generally supportive, with higher yields and weak risk sentiment, the dollar has not exhibited the strength that was initially anticipated.

The DXY index, a popular measure of the US dollar’s strength against a basket of major currencies, has experienced a recent bullish trend, thanks to a string of robust economic indicators from the United States. However, this upward momentum has been tempered by the recent stall in the DXY index rally, as investors eagerly anticipate the release of fresh economic data later this month. Currently, the closely-watched US dollar index has maintained a level of $105 for several days now, prompting market participants to closely monitor any potential shifts in sentiment.

The recent surge in US Treasury yields has presented a challenge for the overall risk landscape, causing major US indices to close the month of February with losses. Looking ahead to the first week of March, investors may face further challenges, however, history suggests that the risk environment typically improves thereafter, as the market enters a period of strength. However, It is worth noting that the recent strong economic data has provided policymakers with additional tools to potentially pursue further rate hikes. The UK’s successful negotiation of a Brexit agreement with the European Union has effectively resolved trade conflicts with Northern Ireland, signifying a significant step forward for the country’s economy. While the Brexit deal may offer some temporary respite for the pound against the USD, the ultimate gauge of currency movement will likely come from the US economy and the Federal Reserve’s monetary policies.

High Impact News This Week: Mar 6 – 10

Please remember to close the exposure in the directly related pair to the news event. The exposure must be cleared 1 hour before the event and the position can be opened again from 30 min after the data has been released, in case of a speech positions can be reopened after the speech is over. 


3.00   PM GMT    USD    Fed Chair Powell Speech


10.00 AM GMT   EUR   Gross Domestic Product

3.00   PM GMT   USD    Fed Chair Powell Speech


1.30   PM GMT    USD    Nonfarm Payroll

Take the Challenge

Ability Challenge is a cutting-edge program designed for traders who are looking to get funded with us through a 2-step evaluation on a demo account. This is a opportunity to showcase your trading abilities in a less restricted and more dynamic environment.

Not only do you have the chance to demonstrate your proficiency, but you can take home a generous profit share of 75% on a monthly basis on the live stage. This is an ideal route to achieving success on a larger scale. So take the challenge and unlock your trading potential today!

Study the markets and start your career!

The Hidden Talents Program is developed to help guide and nurture curiosity into trading through an intensive one-to-one training with our fully qualified trading mentor. The program is not based upon previous experience or academic qualifications, but on the natural intellect and willingness to become a profitable trader.

With a careful selection process, the Hidden Talents Program is designed to help identify, recruit and develop the next generation of raw talent, who are eager to demonstrate their capability in investing and trading the financial markets.

Frequently Asked Questions

  • How can I apply to Ability?

    If you have a profitable strategy and good money management you can prove your trading ability, starting the challenge according to the account size you’re comfortable trading with.

    To start the challenge, choose the account size you’re comfortable trading with and proceed to the checkout, as soon as we receive your payment you’ll get an email with the login details and you can start trading.

  • I have successfully passed the challenge, now what?

    You now have two options. You can either continue managing the account size you signed in for and share profits 75-25 on a monthly basis or you can request to move onto the Funded Trader Program starting with the account size you passed the challenge on. (Note that if you move to the FTP you’ll need to respect its rules, parameters and premium account fees.)

  • Can I trade during the news?

    Yes, you can trade news events in the two phases of the challenge.

  • Which trading instruments can I trade on Ability?

    On ability, you can trade Forex and certain Commodities and Indices which are as follows: XAUUSD, GER30, US30, US500 and NAS100.

  • When can I withdraw my profits?

    On the Ability program, you can withdraw your share of profits on a monthly basis

  • What is the consistency rule on Ability Challenge?

    Traders will need to demonstrate consistency within their results in regards to trade length and lot size in order to pass the 7 minimum trading days. For example if a trader opens one position at 15 lots on one day, then 6 positions at 0.1 lot on 6 other trading days, this will result in failing the Ability Challenge. The aim of the Ability Challenge is to demonstrate consistency that can later be applied to a live account and not to reward a gambling mentality and style of trading. Please see our T&C’s regarding this clause.

  • What happens if I violate the rules?

    Breaking one of the rules will automatically invalidate the account and remove you from the challenge. You can always try again by purchasing a new Ability Challenge account.

  • What payment methods are available?

    You can process payment via Credit/Debit card, Paypal, Bank Transfer, Open Banking and Coinbase.

  • I paid for the Ability challenge, when will I get the account?

    As soon as we receive the payment you’ll receive your login details automatically via email.

  • Why do you charge fees?

    The fees will cover some of the trading and business costs and will also hold the traders accountable although they are operating on a demo account, simulating real-life trading conditions.

  • How do I get a refund on the Ability Challenge?

    You’re entitled to a refund after passing the two phases challenge when you become an Audacity Trader. Your refund will be processed together with your first payout.

  • Which broker do you use?

    We do not work with a retail broker. Even on the two phases challenge you’ll be working with a demo account which is a retail version linked to our Liquidity Provider

  • Do I need to close my positions overnight and over the weekend on the Ability Challenge?

    You can hold positions overnight and over the weekend during the two phases of the challenge.

Make smarter trades with our forex news and updates