Forex News March 29

It’s Wednesday, traders! Here’s what you need to know for today:

Amazon is looking to buy AMC (the biggest US cinema network). AMNZ stock is up 16.5%.
Bitcoin gained 3% since yesterday, edging above $28 000. The rest of the crypto market is up 2-5%. The case against its CEO, CZ, caused the initial drop. So far, the market “is buying the dip” in crypto.
Goldman Sachs says AI implementation may increase the global GDP by 7%.
The BOJ Governor: The Bank should be ready to create its own CBDC (Central Bank Digital Currency) to offer a safe financial system to citizens.
The US agreed on increasing the national debt limit once again.
CB Consumer Confidence in the US exceeded expectations (104.2 vs. 101.0).
US President Biden said, “The banking crisis is not over yet, and we should do what is possible for banks.” Probably, he is pointing to more bailouts for problematic banks.
Gold declined 1500 points today, moving closer to the support of $1960.

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What are you trading today? Share in the comments, and good luck!

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Author: FBS Analyst Team

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