Check out the latest market news and take advantage of the market’s sentiment. Check out these TOP 3 trading opportunities (March 27 – 31) and prepare your trading strategy for this week.
Important Events
The Case-Shiller National Home Price Index and the FHFA House Price Index (HPI) for January will provide us with the most recent information. This data can infer home price trends. On Friday, the Bureau of Economic Analysis (BEA) will release the Personal Consumption Expenditures Price Index (PCEPI), the Federal Reserve’s preferred inflation indicator.
Two weeks after Silicon Valley Bank went bankrupt, First Citizens Bancshares is buying a big part. This means the Federal Deposit Insurance Corporation no longer controls those parts. Deutsche Bank (DB) may be lined up to fail, which scared the market on Monday, March 27. After the German banking giant’s insolvency insurance costs skyrocketed, its shares plunged today.
TOP 3 Trading Opportunities (March 27 – 31)
Here are some assets you should add to your watchlist this week:
Dow Jones 30
The Dow Jones Industrial Average 30 is under pressure from bears. The US market indexes are sliding due to concerns over Deutsche Bank. The Dow Jones 30 and Nasdaq 100 are developing opposing technical signs. This is a worrisome signal for bulls as no trend is visible. We are standing at a crossroads. It may increase volatility this week as indexes only move in one direction for a long time.
Usually, Dow Jones consists of less vulnerable businesses to cyclical economic downturns. This is no longer true when facing a banking crisis. The 32,000-strong support is going to be critical in the upcoming days.
NZDUSD
The NZDUSD pair was able to breach the 0.6220 level and remain below it, reinforcing hopes that the slide would continue intraday. It opened the door for 0.6140 to be reached as the next station, with a break of this level extending the bearish wave to reach 0.6020 as the next objective.
As a result, we are waiting for the anticipated decrease to continue today, considering that a breach of 0.6220 might cause the price to test the 0.6290 regions once more.
XAUUSD
Fears of undercapitalization of US banks pushed gold prices up. Still, US officials reassured investors that they were committed to resolving any issues in the financial industry, leading to a drop in gold prices. This was due to a higher price of the US currency and a rebound in the stock markets, but it is likely that economic changes, such as possible problems in the banking sector, will increase the price of the yellow metal.
Investors’ concerns have recently increased due to a rise in Deutsche Bank’s credit default swaps, leading to a Friday shift toward risk aversion. There is no concrete proof that Deutsche Bank is experiencing severe problems. Worries over the undercapitalization of American banks might push up gold prices.
