Your March Potentials Products to Look Out for

In March 2025, we will witness several major events in the financial markets with the Federal Reserve, European Central Bank, and Bank of Japan all set to announce interest rate decisions. Trump's tariff policy sweeps through the financial markets, causing significant volatility in multiple products. How should traders leverage the opportunities? Here are our top 5 selected trading products:

Since the beginning of 2025, gold prices have surged by 11%, repeatedly reaching record highs due to safe-haven demand driven by Trump’s tariff policy.

[Source: TradingView; Gold price over the past 3 Months]

Goldman Sachs expects inflation concerns and rising fiscal risks to push central banks, especially those holding large U.S. Treasury reserves to increase gold purchases. Citing worries over Trump's tariff policy, Goldman Sachs has raised its year-end gold price forecast to $3,100.

Barclays also predicts continued strong performance for gold, supported by long-term de-dollarisation trends that boost demand for safe-haven assets. Additionally, Barclays anticipates a 25-basis-point interest rate cut by the Federal Reserve this year.

Since the start of 2025, the AUD/USD has risen by 2%, driven by factors such as Trump’s tariff policy and the Reserve Bank of Australia's (RBA) hawkish rate cut.

On February 18, the RBA cut interest rates by 25 basis points to 4.1%, marking its first cut in over four years. RBA stated that monetary policy would remain tight, warning that easing too much too soon could stall disinflation.

[Source: TradingView; AUD/USD over the past 3 Months]

The AUD's future could be influenced by multiple factors, including Federal Reserve policy, Australian economic data, and U.S.-China trade tensions.

JPMorgan Chase notes that while domestic conditions generally support the AUD, global trade tensions pose a challenge. It expects short-term pressure on the AUD, with a gradual rise in the long term, supported by China’s stimulus measures and market recovery.

Since early 2025, Bitcoin has experienced a sharp rise followed by a decline, resulting in an overall drop of 8%.

Trump’s announcement of a U.S. strategic Bitcoin reserve initially drove Bitcoin to a record high of $109,356. However, concerns over his tariff policy and uncertainty surrounding legislative approval have shaken investor confidence, leading to a steep decline.

[Source: TradingView; BTC price over the past 3 Months]

Market opinions on Bitcoin’s future remain divided.

Arthur Hayes, Co-founder of BitMEX, is bearish, predicting a drop to $70,000. In contrast, Chris Burniske, Partner at Placeholder, sees this as a mid-cycle correction within a bull market rather than the start of a bear market.

Bernstein maintains its $200,000 price target for Bitcoin, viewing the current correction as a buying opportunity.

Since the beginning of 2025, JPY has continued to strengthen, causing the USD/JPY to drop by over 5%.

Two key factors are driving this trend: growing market expectations for a Bank of Japan (BOJ) rate hike and rising geopolitical risks boosting safe-haven demand.

Overnight Index Swap data shows an 85% probability of a BOJ rate hike in July, with some investors even betting on a hike as early as May.

[Source: TradingView;  USD/JPY over the past 3 Months]

Market views on the yen’s future remain mixed. Maki Ogawa, Chief Analyst at Sony Financial Group, believes there is no strong, sustained buying force for the yen, making its recent gains unsustainable.

Meanwhile, Yuya Yokota, a foreign exchange trader at Mitsubishi UFJ Trust Bank, notes that while BOJ rate hike expectations support the yen, they may be offset by concerns over potential U.S. tariffs on Japan.

Yokota expects the USD/JPY to fluctuate between 148 and 155 in the short term, with a possible decline to 140 in the long term if wage growth supports further BOJ rate hikes.

Since the beginning of 2025, the NAS100 has experienced fluctuations, posting a modest 0.5% gain overall.

The “Magnificent 7” U.S. tech stocks have entered a technical correction, with the index dropping over 10% from its December peak.

[Source: TradingView; NAS100 over the past 3 Months]

Charlie McElligott, Strategist at Nomura Securities, attributes market anxiety to unexpectedly weak U.S. economic data and uncertainty surrounding potential Trump administration policies, raising concerns about “stagflation.”

Amid these concerns, demand for U.S. stock put options has surged, driving up market volatility. Analysts suggest that increased NAS100 volatility could create opportunities for swing traders.