Important upcoming events and publications for March 22 (GMT):
08:30 Germany PMI indexes are significant leading business indices for markets and often have a noticeable impact on market dynamics. The production activity index is expected to grow after 15 months of decline. Strong data are favourable for the euro.
12:30 Canada CPI has been slowing in annual terms since the middle of the last year. Inflation rates decline has been one of the main reasons for the prolonged pause in raising rates. A further price growth slowdown could further affect the central bank’s rate.
14:00 U.S. Existing Home Sales have been falling since the end of 2017, raising worries on the part of observers. The real estate market is often seen as an indicator of economic activity.
See the detailed Economic calendar here
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
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