Key Economic Events and Data: Last week, the Dow Jones fell by about 0.7% before closing the week down by 0.2%,
Oil stabilized above $80 per barrel, successfully breaking through the 200-day average and reaching around 80.83 with positive momentum signals
and Gold prices fell by more than 1.0% after rising for three consecutive weeks.

Topics

Key Economic Events and Data

Gold

Oil

Key Economic Events and Data

Tuesday, March 19

Canadian Consumer Prices (YoY)

Wednesday, March 20

British Consumer Prices (YoY)

U.S. Federal Reserve’s Interest Rate Decision

Thursday, March 21

Swiss National Bank’s Interest Rate Decision

Bank of England’s Interest Rate Decision

U.S. Unemployment Claims

Gold

Last week, gold prices fell by more than 1.0% after rising for three consecutive weeks.
This decline followed strong Producer and Consumer Price Index data,
leading to a stronger U.S. dollar. Gold formed a price triangle near the support levels of 2144.
If the triangle breaks upwards, it could retest the 2194 levels.

Oil

Oil stabilized above $80 per barrel, successfully breaking through the 200-day average
and reaching around 80.83 with positive momentum signals.
The rise is expected to continue to 82.20. Holding above this could push prices to $85
. A retest of the $79 level is possible, but breaking below it would likely lead to support at $76.

U.S. Dow Jones Index

Last week, the Dow Jones fell by about 0.7% before closing the week down by 0.2%.
Positive data from the Consumer Price Index and the Producer Price Index
led to a drop in the index from the resistance levels of 39295-39225,
approaching the 200-day moving average and the lower boundary of the downward price channel.
Thus, any bullish price behaviour from these levels could push the index towards the mentioned resistance levels.

GBPUSD

The pound traded around 1.27 USD, supported by higher-than-expected U.S. inflation numbers.
This came after a rebound near the psychological resistance level of 1.29 but remained
above the sub-support level of 1.2710. If it holds above,
a return to the 1.2890 level and the next resistance level of 1.30 is likely.
However, breaking the sub-support level would likely lead to around 1.2535 – 1.2500 support area.

EURUSD

Last week, the EURUSD pair fell more than 0.5% after positive U.S. data
from the Consumer Price Index and the Producer Price Index bolstered the dollar.
It reached the support levels of 1.0885-1.0900 at the lower boundary of the upward price channel.
If it rises and closes above the support levels, the price could reach 1.0960.

USDJPY

The dollar traded near 149 yen, supported by higher-than-expected U.S. inflation numbers,
after rebounding close to the 146 support level and remaining upward.
If the current levels, representing a sub-support, are maintained, a rise to 151 yen is likely.
However, breaking below could enhance the probability of visiting the support level.

Key Economic Events and Data

Key Economic Events and Data

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