A new Monday morning starts with a fresh look over markets by bringing you everything you need to follow up for making well thought investment decisions during the next 5 days.
U.S. Dollar vs Precious metals
U.S.Dollar suffered a bad previous week and its technical situation is looking increasingly dubious this week, slightly boosting a gold price. This week’s US economic data calendar is a relatively thin one, but the combination of the latest economic updates and market situation speaks for itself.
Durable Goods Orders on March 24, Friday, are the focus of this week for the U.S. Dollar although they are unlikely to cause much volatility according to Raiffeisen Research, who see a rise in orders for aircraft from Boeing offset by a fall in general capital goods buying.
Stock Market Today
The week ahead is thin on top data flow, putting the spotlight on a docket of scheduled commentary from Fed officials. Comments from Chair Yellen and Neel Kashkari – the President of the central bank’s Minneapolis branch. Kashkari is a new voting member, so investors will be hoping he provides some clarity on his decision for no change. Kashkari is scheduled to speak Thursday at the Community Development Research Conference in Washington. Fed Chair Janet Yellen will deliver the opening remarks at the conference. Besides that, seven other Fed policymakers are due to speak.
The economic data also includes House vote on the repeal of Obamacare on Thursday. The majority of experts suggest that bill are not particularly important for the market, and even if it does pass, the bill could see modification in the Senate.
Seems like this week market data will give traders some pause with a relatively light economic calendar.