Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Crucial news for the following week
Information is not investment advice
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.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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