Earnings Season is In Focus
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Turkey Tries to Save the TRY
Good day, traders! What will the brand-new week bring us? Let’s find out.
(Time zone is GMT+3. Check your time zone here)
Monday:
- 20:01, US 10-y Bond Auction
Tuesday:
- 09:00, UK Claimant Count Change
- 15:30, US CPI and Core CPI
- 17:00, BOE Governor Speaks
Wednesday:
- 09:00, UK GDP
- 15:30, US PPI and Core PPI
- 21:00, Fed Interest Rate and FOMC Statement
- 21:30, FOMC Press Conference
Thursday:
- 01:45, New Zealand GDP
- 04:30, Australia Unemployment Rate
- 05:00, China Industrial Production
- 15:15, ECB Interest Rate and Policy Statement
- 15:30, US Core Retail Sales
- 15:45, ECB Press Conference
Friday:
- Tentative, Japan Monetary Policy Statement
- Tentative, BOJ Press Conference
- 17:00, US Preliminary UoM Consumer Sentiment
News that moves the market:
- JP Morgan expects the Turkey Central Bank to increase the interest rate to 25% from 8.5%. Meanwhile, USDTRY gained 19% over the last weeks.
- The nearest ECB rate hike is likely to be not the last in the current hiking season.
- BOE’s member Haskel said, “Further increases in interest rates cannot be ruled out,” meaning that the bank will continue to increase rates.
- Around 100 countries that account for 95% of global GDP are investigating the Central Bank Digital Currencies (CBDCs). The world is moving to the next form of money.
- Tether (USDT) printed a fresh $1 billion.
- FedWatch: “Markets expect a 75% probability of pause in the rate hikes from the US Fed.”
Gold analysis ahead of the week
The metal formed several sweet-looking levels both above and beyond the current price. Trading in the range requires us to be patient and wait for our trade levels to be touched.
In the current conditions, we will seek short trades near the 200-MA (dark line) and long trades near the support of $1935.
Happy trading!
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