Elon Musk Fires People and Brazil Real Rises Ahead of the Elections
Markets never sleep! Let’s be prepared for a beautiful trading experience by looking at the most important news of Tuesday!
The Most Important News For Today
Information is not investment advice
Tuesday is here, friends! And we are here too. Let’s go through the most exciting news for yesterday and today:
Events for Tuesday
German Ifo Business Climate Index for March was released better than expected: 93.3 VS 91 in the forecast. EURUSD rose slightly during the day by 0.35%.
ECB’s Isabel Schnabel: ‘It is not easy to say how restrictive rates are at this point. Core inflation is still rising. ECB’s Elderson: ‘The ECB will continue to raise rates in the coming months
Australian Retail sales for February have released slightly better expectations (+0.2% VS 0.1% in the forecast). AUDUSD is rising on Tuesday (+0.5%). Do you trade on AUDUSD, guys?
US Treasury Department: ‘Current developments in the banking sector are very different from the 2008-2009 global financial crisis. If necessary, the government will apply tools to prevent a repeat of the chain reaction in the sector.’ We’ll see, we’ll see…
Prime Minister Kishida: ‘Japanese financial institutions have enough liquidity and capital.’ And the Head of the Central Bank of Japan, Kuroda: ‘It is too early to discuss the abandonment of the soft monetary policy.’. USDJPY is bouncing back today. The long-term trend is most likely to be bearish.
Cryptocurrencies, Oil and Gold situation
All eyes are on crypto, guys. News #1 yesterday: Binance and Its CEO sued by CFTC over US regulatory violations. Bitcoin plummeted by 3% on Monday. The support line is still on 25000. Be careful with long positions, dears.
XBRUSD keeps rising. The next resistance level is close – 50% correction or $78.25.
XAUUSD forms some double-top pattern. This is a bearish pattern. If the price breaks the cluster 1930 – 1940, it may continue falling. On the 4H time frame, the price moved below 50MA.
That’s it for today, guys!
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