Significant events to watch:

-EUROPE (EUR): ECP President speaks

-UK (GBP): Gross Domestic Product (YOY)

-CANADA (CAD):  Gross Domestic Product (MOM)

EUROZONE (EUR): ECB PRESIDENT SPEAKS – European Central Bank (ECB) President Christine Lagarde (November 2019 – October 2027) is to speak. As head of the ECB, which sets short term interest rates, she has a major influence over the value of the euro. Traders watch her speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. Her comments may determine a short-term positive or negative trend.

The report is due Tuesday, 28 March at 13:15 GMT

UK (GBP): GROSS DOMESTIC PRODUCT (YOY) – Federal OpeGross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.  The UK’s YOY GDP came to 0.4%, a decline from the previous number which was 1.9%.

The report is due Friday, 31 March at 06:00 GMT

CANADA (CAD): GROSS DOMESTIC PRODUCT (MOM) – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Canada releases fresh GDP data on a monthly basis.  Canada’s monthly GDP declined to -0.1%.

The report is due Friday, 31 March at 12:30 GMT

Risers and Fallers

-S&P 500 (+0.56%)

-Tesla (-0.94%)

-Gold (-0.75%)

-USDCHF  (+0.38%)

S&P 500 – The S&P 500 rose by 0.56% on Friday closing at $3,970.99. The stock index increased 1.39% last week despite the banking sector crisis, investors were bullish on stocks.

Tesla Inc. (NASDAQ: TSLA)  – Tesla Inc. stocks were down 0.94% on Friday and have gained 5.71% for the week.  The stock reached a high and low of $200.48 and $192.88, respectively. The Tesla stock price is holding at a key support level, indicating possibly buying pressure.

Gold – Gold was down 0.75% on Friday, however, the precious metal rose 2.22% in the last 5 days. Gold reached a high and low of $2,006.50 and $1,977.70, respectively.

USDCHF – USDCHF gained 0.38% on Friday and is trading 0.9199. The Credit Suisse demise has clouded Switzerland’s reputation of being a financially stable economy.

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