
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Here are some of the most crucial news to look at
April 03, 17:00 GMT+3.
This is the oldest indicator on the market and a leading indicator that is important to look at. The previous fact was 47.7.
Economists expect that for March, it will become 47.1.
The economy stagnates if the index is lower than the 50 level.
According to Markit, PMI in the US is growing – the preliminary fact was 49.3 points. It means that maybe the fact of the ISM Index will be even better than the forecast, and USD will rise.
Instruments to trade: EURUSD, USDCAD, USDJPY
April 04, 07:30 GMT+3.
The current interest rate in Australia is 3.6%.
According to the RBA rate tracker, the market expects RBA to pause in monetary tightening.
In this case, verbal interventions will be crucial and define the further AUD movement.
AUD may fall.
Instruments to trade: AUDUSD, AUDCAD, AUDNZD
April 05, 04:00 GMT+3.
New Zealand is a net importer of Australia. It means that if RBA pauses, RBNZ will do it too.
Moreover, it will give room for RBNZ to move the rate down.
Instruments to trade: NZDUSD, NZDCAD, AUDNZD
April 07, 15:30 GMT+3.
A weak labor market will persuade traders more that the Fed will be ready for monetary easing.
The unemployment rate is expected to be at 3.6%.
Nonfarm is slowing and is expected to be at +240K lower than in March.
USD may fall.
Instruments to trade: EURUSD, USDJPY, USDCAD
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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