Trading on geopolitics on March 14-18
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. Let’s see what awaits traders this week!
Trade ideas
Forex
In the economic calendar, the main events are the meeting of the Reserve Bank of Australia and the release of the FOMC meeting minutes. The RBA may leave its interest rate at 0.1%. As a result, it may be difficult for AUDUSD to rise above 0.7550. The pair risks sliding to 0.7300. As for the USD, so far, comments of the Fed members have boosted it, although March highs still limit the advance. USDJPY met significant resistance at 125.00, the highest level since 2015. EURUSD may swing around 1.0950.
Oil & Gold
Oil producer group OPEC+ stuck to modest output hikes. At the same time, the US decided to release 1 million barrels a day for six months from reserves. The oil supply is increasing, and it helps to cool down the elevated prices. XBRUSD formed a second top at 120.00. The critical level to watch on the downside is 95.00. In XNGUSD, a correction to 5.30/5.00 is possible.
For gold, the most important level is 1900. If the price settles below it, it would mean a top and a decline to 1870. On the upside, the advance above 1950 is necessary to open the way higher. Uncertainty and lower economic data in major economies will keep supporting gold.
Stocks
American stock market had a good March. US500 managed to rebound from lows. Is that enough for the big uptrend to resume? Only time will tell. Ukraine, the isolation of Russia, and the Fed’s plans to raise interest rates are the major risks for the index. If it fails to stay above 4600, the target will be 4300. Among particular stocks, Tesla is the bright spot of the market after the opening of Berlin ‘Gigafactory’ and a talk about a potential split. Resistance for Tesla is at 1170. In addition, Apple stock just posted its longest winning streak since 2003. Be ready for a setback to the 172.00 area.
Similar
Forex, stocks, oil, and gold on Feb 28 - March 4
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
What is happening with Russian ruble?
Several economic occasions happened after Russia’s invasion of Ukraine…
Latest news
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
