| Time | Important | Country | Event | Forecast | Previous | Actual |
|---|---|---|---|---|---|---|
| 03:30 | Australia (AUD) | RBA Financial Stability Review | ||||
| 03:30 | Australia (AUD) | Trade Balance (Feb) | 5.380B | 5.156B | 2.968B | |
| 03:30 | Japan (JPY) | au Jibun Bank Services PMI (Mar) | 49.5 | 53.7 | 50.0 | |
| 04:45 | China (CNY) | Caixin Services PMI (Mar) | 51.5 | 51.4 | 51.9 | |
| 06:35 | Japan (JPY) | 10-Year JGB Auction | 1.404% | |||
| 09:30 | Switzerland (CHF) | CPI (MoM) (Mar) | 0.1% | 0.6% | ||
| 10:00 | Türkiye (TRY) | CPI (MoM) (Mar) | 3.00% | 2.27% | ||
| 10:00 | Türkiye (TRY) | CPI (YoY) (Mar) | 38.90% | 39.05% | ||
| 10:20 | Euro Zone (EUR) | ECB's De Guindos Speaks | ||||
| 10:55 | Germany (EUR) | HCOB Germany Services PMI (Mar) | 50.2 | 51.1 | ||
| 11:00 | Euro Zone (EUR) | HCOB Eurozone Composite PMI (Mar) | 50.4 | 50.2 | ||
| 11:00 | Euro Zone (EUR) | HCOB Eurozone Services PMI (Mar) | 50.4 | 50.6 | ||
| 11:30 | United Kingdom (GBP) | S&P Global Composite PMI (Mar) | 52.0 | 50.5 | ||
| 11:30 | United Kingdom (GBP) | S&P Global Services PMI (Mar) | 53.2 | 51.0 | ||
| 13:00 | United States (USD) | OPEC Meeting | ||||
| 13:00 | Euro Zone (EUR) | ECB's Schnabel Speaks | ||||
| 14:30 | Euro Zone (EUR) | ECB Publishes Account of Monetary Policy Meeting | ||||
| 15:30 | United States (USD) | Continuing Jobless Claims | 1,860K | 1,856K | ||
| 15:30 | United States (USD) | Exports (Feb) | 269.80B | |||
| 15:30 | United States (USD) | Imports (Feb) | 401.20B | |||
| 15:30 | United States (USD) | Initial Jobless Claims | 225K | 224K | ||
| 15:30 | United States (USD) | Trade Balance (Feb) | -122.50B | -131.40B | ||
| 15:30 | Canada (CAD) | Trade Balance (Feb) | 3.40B | 3.97B | ||
| 16:45 | United States (USD) | S&P Global Composite PMI (Mar) | 53.5 | 51.6 | ||
| 16:45 | United States (USD) | S&P Global Services PMI (Mar) | 54.3 | 51.0 | ||
| 17:00 | United States (USD) | ISM Non-Manufacturing Employment (Mar) | 53.9 | |||
| 17:00 | United States (USD) | ISM Non-Manufacturing PMI (Mar) | 53.0 | 53.5 | ||
| 17:00 | United States (USD) | ISM Non-Manufacturing Prices (Mar) | 62.6 | |||
| 20:00 | United States (USD) | Atlanta Fed GDPNow (Q1) | -3.7% | -3.7% | ||
| 23:30 | United States (USD) | Fed's Balance Sheet | 6,740B |
The impact of the weakening in the US Consumer Confidence Index is reflected in the index, as previously analyzed, indicating that the upward trend has been disrupted, and with this disruption, selling pressure has increased. For the index, where positions are seen as risky in buying wool, it is deemed appropriate to base trading on resistance levels.
With global indices, particularly Nasdaq, coming under selling pressure, the DAX opened at the level of 21,586 with a gap. It is anticipated that the pressure in sales related to the earnings season may continue until the second quarter earnings period, and due to the interest rate cut policy, it is expected that pricing may continue to move sideways.
As stated in previous analyses, due to the increasing geopolitical risks, a continuation of the rise is expected for Gold (XAU) which is considered risky in terms of assessing positions in the sales direction. It is technically advisable to trade based on the mentioned support levels during pullbacks and to evaluate positions in the buying direction.
In the currency pair where a positive correlation with EURUSD continues to be observed, the Bank of England's determination to cut interest rates continues to exert pressure on the pair due to the stable situation regarding inflation. The likelihood of continued selling pressure is anticipated, and it is deemed appropriate to trade based on the intraday resistance levels.
The pair is experiencing continued selling pressure, and no significant increases have occurred in relation to the ECB's interest rate policy. It is expected that selling will continue in the pair, where sales have been observed from resistance levels. Although the ADP data coming in above expectations has led to some reactionary buying, the ECB's clear stance continues to play a dominant role in the pair.
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