Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

LEARN MORE
SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

Crises in banking sector could lead to tighter lending policies in US and EU

  

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.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]