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.
Nasdaq Is Bullish and Donald Trump Faces Charges
Good Friday, everyone! Let's look at the main events in the markets and trigger your favorite assets!
Events for today
China's Manufacturing PMI outperformed expectations with 51.9 versus 51.5.
Former US President Donald Trump will be the first US President to be charged with a crime. A grand jury indicted the ex-President over a hush money payment to a star of adult movies just before the 2016 presidential election.
Elon Musk plans to visit China in April and meet with China's Prime Minister Premier Li Qiang as he aims to shore up support in Tesla's second-largest market.
Alibaba and its competitor JD have begun to prepare for the three largest IPOs of the year, which may attract around $5 billion.
Inflation in Eurozone dropped significantly from 8.5% to 6.5%. At the same time, the Core Inflation reached an all-time high of 5.7% in March. EURUSD showed a mixed reaction to the release.
Nasdaq turns bullish
Nasdaq entered a bull market on Wednesday, strengthening more than 20% from December's low. The reason behind that was an expansion of the central bank's balance sheet during March. On the daily chart, the price overcame the resistance at 12 900 and started moving towrds the next potential target at 13 600. In case of a reversal, the support will be placed at 12 500.
Start your day right!
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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