With the markets on the edge of their seats, this week could be lucrative for traders looking to capitalize on the volatility. See these TOP 3 trading opportunities this week (March 20-24) and profit from market turmoils.
Important Financial Events, March 20-24
Monetary policy will take center stage this week. The Bank of England (BoE) policy meeting will occur on Thursday. A PMI survey result for February is due on Friday—the most recent inflation figures from Japan and the U.K.
The Federal Open Market Committee (FOMC), the body charged with determining interest rates at the U.S. central bank, will convene on Tuesday and Wednesday. The Fed may decide to stop raising interest rates in the wake of SVB’s failure and the turbulence in the banking sector. The majority of traders still anticipate a rise of 25 basis points (bps), according to CME Group statistics on fed funds futures.
Since the Fed started tightening a year ago to rein in skyrocketing inflation, interest rates have increased by 450 basis points, at the quickest rate in decades.
TOP 3 Trading Opportunities This Week (March 20-24)
What to trade for upcoming days? Here are some trading hints I’ve prepared for you:
UBS AG, Switzerland’s biggest banker, has reportedly agreed to pay $3.2 billion to take over Credit Suisse, its ailing domestic rival. At the same time, it will take over significant liabilities from the latter. With Silicon Valley Bank’s collapse and First Republic Bank’s bailout by major US lenders, the banking sector is suffering from the global stock market. As a result, investors have a lower appetite for risk.
The US Federal Reserve will work with other significant central banks to assure global financial liquidity. This is a positive step, to be sure. Still, it also evokes unsettling memories of previous financial crises. Market players are wondering if any more bank dominoes may fall.
We are currently going through the most significant financial crisis in 15 years. Take advantage of the trading opportunity it brings every day. Fund your account and profit.
Oil prices have been under pressure for two weeks. This is the result of two events. The first is the collapse of Silicon Valley Bank focused on digital startups. The second was the buyout of struggling Credit Suisse by Swiss competitor UBS.
Late last week, two sources from the major OPEC+ alliance told CNBC that fears of another financial collapse on the scale of the 2008 crisis were fueled by bank instability.
Delegates from OPEC+ are only permitted to comment on the condition of anonymity since they cannot publicly speak about the subject.
In 2023, Wall Street doesn’t know what to make of Microsoft’s stock. Over the epidemic’s early stages, the software company’s shares outperformed the S&P 500, but this outperformance has slowed over the last year. Investors now seem concerned about the company’s sluggish growth. They also worry for the possibility that weaker sales patterns could expand to its cloud services division.
Each potential stock acquisition carries similar short-term risks, but astute investors concentrate on a company’s more significant thesis. Let’s examine several aspects that make Microsoft an attractive investment in light of this.