• DXY trades in narrow range on Monday and hovers around 103.00 mark.
• It made intraday high at 103.22 and low at 102.89 mark.
• A day Chart is down and H1 chart with triple EMA suggests up trend for the time being.
• Immediate hurdles are seen at 103.48 to 102.72 mark.
• A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.

Technical Analysis: XAU/USD (Gold)

• Gold erases previous gain and hits fresh weekly low at $1,944 mark.
• The pair made intraday high at $1,978 and Low at $1,944 mark.
• A day chart and H1 chart with triple EMA suggest up trend for the time being.
• A sustained close above $1,962 on H1 chart requires for the upside rally.
• Alternatively, a consistent close below $1,942 on H1 chart will test further supports.

 
Key Headlines for the FX market:

• Israeli Prime Minister Benjamin Netanyahu’s coalition plunged into chaos after mass overnight protests over the sacking of his defense chief piled pressure on the government to halt its bitterly contested plans to overhaul the judiciary.
• NATO slammed Vladimir Putin for “dangerous” nuclear rhetoric after the Russian president announced plans to station tactical nuclear weapons in Belarus, while his forces stepped up shelling of the frontline Ukrainian city of Avdiivka.
• Former Taiwan President Ma Ying-jeou left for China on a landmark trip, saying he hoped to bring about peace and improve relations. The trip comes at a time of heightened tensions between Beijing and Taipei.
• Kenyan opposition leader Raila Odinga said protests against President William Ruto’s government over the high cost of living would go ahead today as scheduled despite a police ban.
• Donald Trump used his first election rally in Waco, Texas, to cast the 2024 presidential vote in apocalyptic terms, slam his leading Republican rival Ron DeSantis, and rail against prosecutors pursuing him with criminal investigations.
• Airports and bus and train stations across Germany were at a standstill, disrupting millions of commuters and travelers at the start of the work week during one of the largest walkouts in decades in Europe’s largest economy.
• Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling short of 2027 targets and ending a long-standing ambition to rival the output of top OPEC producer Saudi Arabia.

Source: Reuters

Keep an eye open for the latest news and fundamentals affecting the FX markets.

Take a look and do trade wisely!
Good Luck

“THE ART OF LIFE IS A CONSTANT REAJUSTMENT TO OUR SURROUNDING”

We @ TP GLOBAL FX, help you to provide a list of high impact data for the week to make systematic planning for the Currency Trading.

A comparatively calm week starts today as U.S. has scheduled to release few key economic data. U.S will release Richmond Manufacturing Index, Pending Home Sales, Final GDP q/q, Chicago PMI and Personal Income/spending data. On the other hand, Australia’s CPI, U.K. FPC Statement, Japan’s CPI and Canada’s GDP data will provide further volatility to the FX markets.

Let’s Take a Look on a Day Wise List of the Key Economic Indicators:

March 27:
No key economic Indicators Scheduled

March 28:
1230 GMT U.S. Goods Trade Balance
1400 GMT U.S. Richmond Manufacturing Index

March 29:
0030 GMT Australia CPI
0930 GMT U.K. FPC Statement

March 30:
1230 GMT U.S. Final GDP
1230 GMT U.S. Unemployment Claims Weekly

March 31:
0600 GMT U.K. Current Account
1230 GMT Canada GDP
1230 GMT U.S. Personal Income/Spending
1345 GMT U.S. Chicago PMI
1400 GMT U.S. Revised UoM Consumer Sentiment

Take a look and do trade wisely!
Good Luck

• DXY moves in rigid boundaries and remains well supported above 103.00 mark.
• It made intraday high at 103.35 and low at 102.51 mark.
• A day Chart is down and H1 chart with triple EMA suggests up trend for the time being.
• Immediate hurdles are seen at 103.48 to 102.72 mark.
• A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.

Technical Analysis: XAU/USD (Gold)

• Gold enjoys roller coaster movement and consolidates around $1,992 mark.
• The pair made intraday high at $2,003 and Low at $1,981 mark.
• A day chart and H1 chart with triple EMA suggest up trend for the time being.
• A sustained close above $1,999 on H1 chart requires for the upside rally.
• Alternatively, a consistent close below $1,984 on H1 chart will test further supports.

 
Key Headlines for the FX market:

• U.S. Flash Manufacturing PMI stands at 49.3 vs 47.3 previous release.
• U.S. Flash Service PMI stands at 53.8 vs 50.6 previous release.
• At an unassuming industrial estate in northern Ukraine, two former Microsoft executives and a team of engineers are producing military drones that can travel over long distances and carry large payloads.
• King Charles’ state visit to France has been delayed after trade unions called for another day of nationwide strikes and street protests during his stay, the French presidency said.
• India’s parliament disqualified the leader of the opposition Congress party, Rahul Gandhi, a day after a magistrate’s court jailed him for two years in a defamation case linked to Prime Minister Narendra Modi’s surname.
• The US military carried out multiple air strikes in Syria against Iran-aligned groups that it blamed for a drone attack that killed an American contractor, wounded another and also hurt five US troops, the Pentagon said.
• North Korea has tested a new nuclear-capable underwater attack drone, state media reported, as leader Kim Jong Un warned joint military drills by South Korea and the US should stop.
• Banking stocks fell sharply in Europe with heavyweights Deutsche Bank and UBS Group hit hard by worries that the worst problems in the sector since the 2008 financial crisis were not yet contained.
• Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepened the downturn in the factory sector, a survey showed.
• Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge US beverage giants PepsiCo and Coca-Cola in a key market.
• Brazilian President Luiz Inacio Lula da Silva heads to China this weekend for a five-day visit to refresh relations with his country’s largest export market and seek new Chinese investment in the Latin American country.
• Taiwan President Tsai Ing-wen will make sensitive stopovers in the United States on her way to and from Central America that China’s foreign ministry condemned.

Source: Reuters

Keep an eye open for the latest news and fundamentals affecting the FX markets.

Take a look and do trade wisely!
Good Luck

• DXY spiked down after U.S. FOMC Interest Rate Decision and slips back below 103.00 mark.
• It made intraday high at 102.44 and low at 101.91 mark.
• A day Chart and H1 chart with triple EMA suggest down trend for the time being.
• Immediate hurdles are seen at 102.71 to 102.06 mark.
• A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.

Technical Analysis: XAU/USD (Gold)

• Gold strengthened sharply as U.S. raised key interest rate to 5.00 pct as per the expectations and remains well supported above $1,970 mark.
• The pair made intraday high at $1,983 and Low at $1,966 mark.
• A day chart and H1 chart with triple EMA suggest up trend for the time being.
• A sustained close above $1,978 on H1 chart requires for the upside rally.
• Alternatively, a consistent close below $1,968 on H1 chart will test further supports.

 
Key Headlines for the FX market:

• Federal Reserve Chair Jerome Powell said banking industry stress could trigger a credit crunch with “significant” implications for an economy that US central bank officials projected will slow even more this year than previously thought. The Fed’s policy-setting committee raised interest rates by another quarter of a percentage point.
• The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.
• The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the US stock market.
• The Swiss National Bank raised its benchmark interest rate by 50 basis points and declared that measures to support Credit Suisse had “put a halt to the crisis”. The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn.
• U.K. raised key interest rate to 4.25 pct vs 4.00 pct previous release.
• U.S. unemployment Claims weekly stands at 191K vs 192K previous release (Expected 198K).
• New York kept the top spot in the latest rankings of global financial centers from Z/Yen Group, with London and Singapore also unchanged in second and third place.
• Banking shares dropped in Europe on Thursday as the instability that rippled through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead.
• Futures for Canada’s main stock index were slightly up on Thursday as bullion advanced but lower crude oil prices kept a lid on gains for the commodity-heavy bourse.
• Bank of America and UBS trimmed their terminal rate expectations on Thursday after the U.S. Federal Reserve hinted that it might pause its rate-hike campaign due to the turmoil in the banking sector.
• Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the rise in the miners’ power demands.
• Ukrainian troops, on the defensive for four months, will launch a long-awaited counter-assault “very soon” now that Russia’s huge winter offensive is losing steam without taking Bakhmut, Ukraine’s top ground forces commander said.
• A court in India found opposition leader Rahul Gandhi guilty of defamation for a speech he made in 2019 in which he referred to thieves as having the surname Modi, and sentenced him to two years in prison.
• China’s military said it had monitored and driven away a US destroyer that illegally entered waters around the Paracel Islands in the South China Sea. The US Navy disputed the Chinese military statement, saying the destroyer is conducting “routine operations” and was not expelled.
• Australia took a step towards a historical referendum to give Aboriginal and Torres Strait Islanders recognition in the constitution and, for the first time, a voice on matters that affect their lives. In an emotional address, Prime Minister Anthony Albanese revealed the question the government wants to set for the vote later this year.

Source: Reuters

Keep an eye open for the latest news and fundamentals affecting the FX markets.

Take a look and do trade wisely!
Good Luck

• DXY trades in narrow range as markets eye U.S. FOMC Interest Rate Decision and stabilizes above 103.00 mark.
• It made intraday high at 103.23 and low at 103.01 mark.
• A day Chart and H1 chart with triple EMA suggest down trend for the time being.
• Immediate hurdles are seen at 103.48 to 103.01 mark.
• A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.

Technical Analysis: XAU/USD (Gold)

• Gold exhibits range bound movement and remains well supported above $1,930 mark.
• The pair made intraday high at $1,952 and Low at $1,934 mark.
• A day chart is up and H1 chart with triple EMA suggests down trend for the time being.
• A sustained close above $1,954 on H1 chart requires for the upside rally.
• Alternatively, a consistent close below $1,936 on H1 chart will test further supports.

 
Key Headlines for the FX market:

• While recent market turmoil has eased, the Federal Reserve’s meeting is now the major focus, with traders split over whether the U.S. central bank will be forced to pause its hiking cycle.
• China’s President Xi Jinping and Russia’s President Vladimir Putin set their sights on shaping a new world order as the Chinese leader left Moscow, having made no direct support for Putin’s war in Ukraine during his two-day visit.
• About half of Americans believe a New York investigation into whether Donald Trump paid hush money to a porn star is politically motivated, but a large majority find the allegations believable, a Reuters/Ipsos opinion poll found.
• North Korea fired multiple cruise missiles off its east coast, South Korea’s military said, the latest in a series of weapons tests as South Korean and the U.S. forces conduct joint military exercises.
• British Prime Minister Rishi Sunak is set to win parliamentary approval for a key element of a post-Brexit deal on Northern Ireland, a victory tainted by a lack of support from the province’s biggest unionist party and some of his lawmakers.
• Uganda’s parliament passed a law making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence.
• Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalize bankers after a multi-billion-franc state rescue of the bank.
• British consumer price inflation unexpectedly rose to 10.4% in February, pushed up by drinks prices in pubs and restaurants, official data showed, a day before the Bank of England announces its latest decision on interest rates.

Source: Reuters

Keep an eye open for the latest news and fundamentals affecting the FX markets.

Take a look and do trade wisely!
Good Luck

• DXY trades marginally lower on Tuesday and stabilizes around 103.00 mark.
• It made intraday high at 103.50 and low at 103.01 mark.
• A day Chart is up and H1 chart with triple EMA suggests down trend for the time being.
• Immediate hurdles are seen at 103.48 to 103.01 mark.
• A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.

Technical Analysis: XAU/USD (Gold)

• Gold weakens as U.S. released key economic data with positive numbers and hovers around $1,950 mark.
• The pair made intraday high at $1,985 and Low at $1,945 mark.
• A day chart and H1 chart with triple EMA suggest up trend for the time being.
• A sustained close above $1,962 on H1 chart requires for the upside rally.
• Alternatively, a consistent close below $1,947 on H1 chart will test further supports.

 
Key Headlines for the FX market:

• Workers erected barricades around a Manhattan courthouse as New York City braced for a possible indictment of Donald Trump over an alleged hush-money payment to porn star Stormy Daniels during his 2016 campaign.
• Russian President Vladimir Putin and Chinese leader Xi Jinping are due to hold further talks amid Western criticism that Xi’s visit was giving a boost to Moscow as it struggles to make ground in its year-long war on Ukraine.
• French President Emmanuel Macron will break his silence tomorrow to outline plans after his administration survived a no-confidence motion in parliament over a deeply unpopular pension reform.
• U.N. Secretary General Antonio Guterres warned that the “climate time bomb is ticking” and urged rich nations to slash emissions sooner after the sixth report of the Intergovernmental Panel on Climate Change (IPCC) said there was little time to lose in tackling climate change.
• Taiwan President Tsai Ing-wen will make sensitive stopovers in the United States on her way to and from Central America that China’s foreign ministry condemned, but Taipei would not confirm a meeting with House Speaker Kevin McCarthy.
• Attention is now on this week’s meeting of the U.S. Federal Reserve, with traders wondering whether the central bank’s relentless rate hikes – blamed by some for sparking the crisis – might be at an end.

Source: Reuters

Keep an eye open for the latest news and fundamentals affecting the FX markets.

Take a look and do trade wisely!
Good Luck