Economy

Canada will publish the monthly GDP growth on March 31, at 15:30 MT time.

Oil plunged after the ship blocking the Suez Canal was partially re-floated. A $20 billion wave of block trades hit markets on Friday.

The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.

The United States will post the indicators of employment on April 2, at 15:30 MT time.

UK retail sales will be out at 9:00 MT on March 26.

Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher. 

Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.

The final US GDP will be out at 14:30 MT on March 25.

PMI reports from the EU, the UK, and the USA will be released during the whole day on March 24, to the delight of traders.

Microsoft is planning to buy Discord. Gold is climbing up. Besides, Fed's Powell will testify today. Jump in for fresh trading ideas!

The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.

For the last two weeks, the Turkish lira has been gaining against the USD. Suddenly, 15% were reduced from its value in one day! Let's discover what happened.