The Most Important News For the Week

The Most Important News For the Week

A new trading week is coming. And this week’s market news is:

Monday:

17:30, US Dallas Fed Manufacturing Business Index

Speakers from ECB: Frank Elderson (‘Hawk’) and Isabel Schnabel (‘Hawk’)

Speakers from BoE: Andrew Bailey

 

Tuesday:

15:30, US Goods Trade Balance

15:30, US Wholesale Inventories (MoM)

17:00, US Conference Board Consumer Confidence

 

Wednesday:

11:30, UK Mortgage Approvals and Mortgage Lending

17:00, US Pending Home Sales

17:30, US EIA Crude Oil Stock Change

 

Thursday:

12:00, EU Economic Sentiment

15:00, German Inflation Rate

15:30, US Initial Jobless Claims

15:30, US GDP Growth Rate

 

Friday:

08:00, Japan Housing Starts

09:00, UK GDP Growth Rate

10:55, German Unemployment Rate

12:00, EU Inflation Rate and Unemployment Rate

15:30, US Personal Consumption Expenditure

  

Daily news to keep you informed!

Local news 

S&P: China's GDP growth forecast for 2023 = +5.5% (higher than the Chinese government's forecast of 5%). Earlier: IMF Head: ‘In 2023, China is expected to account for about a third of global growth

Problems with Deutsche Bank started last week. This time it’s the case of ‘Too Big To Fail.’ Deutsche Bank’s assets are worth 1.4 trillion euros (3 times higher than Credit Suisse’s). European officials and regulators are non-stop declaring the bank's sustainability, and the ECB has promised unlimited bailouts at short notice.

First Citizens BancShares buys Silicon Valley Bank

Gold and Bitcoin

As a result, on Friday, Gold broke the $2000 level again. The resistance is extremely strong, so that we may expect local corrections before the breakthrough.  

Bitcoin is high too. The price reached the $28000 level, but technically the price is too high from the 200MA, which means that correction is on its way. The price may bounce back to $25000. We strongly recommend being careful with this asset. 

BTCUSDDaily.png

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