What is next: Australia Rate, EU CPI, US NFP

Europe is switching to daylight saving time in the new week - don't miss the changes in the trading schedule.

Among the key events on the 1st of April, we highlight the Reserve Bank of Australia's decision. The rate is expected to remain at 4.1% after a cut in February. Inflation only ticked down last month, and GDP growth remains healthy, so it is hardly prudent to ease policy too sharply.

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US inflation accelerates but lags income growth

The Fed's preferred indicator of US inflation, the core index of personal consumption expenditure, accelerated from 2.6% to 2.8% in February. This is above the expected 2.7%, confirming that it is too early to see a sustained downward trend in prices.

At the same time, we note the second month of acceleration in income growth, which added 0.8% in February after a 0.7% increase in January. Total spending rose by 0.6% after a contraction of 0.4% earlier. As a result, Americans' personal savings exceeded 4.6%, approaching the norm. The savings rate was mostly above 5% from 2013 to 2022. The rate only went below it during the inflationary surge of 2022 and between 2004 and 2008.

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Ethereum Wave Analysis – 28 March 2025

- Ethereum reversed from the resistance level 2120.00

- Likely to fall to support level 1800.00

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Gold Wave Analysis – 28 March 2025

- Gold broke resistance level 3050.00

- Likely to rise to resistance level 3100.00

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Google Wave Analysis – 28 March 2025

- Google broke key support level 160.00

- Likely to fall to support level 147.30

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AMD Wave Analysis – 28 March 2025

- AMD reversed from pivotal resistance level 115.00

- Likely to fall to support level 100.00

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🗓 Economic Calendar at 2025/03/30 (GMT)

01:00 🇪🇺 Daylight Saving Time Shift

01:00 🇬🇧 Daylight Saving Time Shift

01:00 🇨🇭 Daylight Saving Time Shift


[Updated in real time]

🗓 Economic Calendar at 2025/03/31 (GMT)

00:00 🇳🇿 ANZ Business Confidence Actual: 57.5

01:30 🇨🇳 ⚡️ Manufacturing PMI — Exp: 50.4 Actual: 50.5

01:30 🇨🇳 Non-Manufacturing PMI — Exp: 50.5 Actual: 50.8

12:00 🇩🇪 Consumer Price Index — Exp: 0.3% Actual: 0.3% | 2.3%

12:00 🇩🇪 Consumer Price Index - EU Harmonised — Exp: 0.5% | 2.4% Actual: 0.4% | 2.3%

23:50 🇯🇵 Tankan Manufacturing Index — Exp: 12

23:50 🇯🇵 Tankan Non-Manufacturing Index — Exp: 33

23:50 🇯🇵 Tankan Large All Industry Capex

23:50 🇯🇵 Tankan Large Manufacturers Outlook

23:50 🇯🇵 Tankan Non-Manufacturing Outlook


[Updated in real time]

Crypto’s dive

Crypto market capitalisation has fallen 1.3% in the last 24 hours and around 6.5% over the weekend, pulling back towards the lows of three weeks ago. The sell-off intensified after a failed attempt to climb above the 200-day average. It may turn out that the market's recovery from 11 to 26 March was a rebound after a decline. A $2.56 trillion plunge below the March 11 lows could confirm this bearish scenario.

Bitcoin has pulled back below $82,000, having lost over 6% since Friday, when a sell-off in stock markets dampened enthusiastic sentiment. On Monday, the pressure in the markets remains, forcing us to consider BTC's return below $80000 as the main scenario for the near term. Deepening below would open the way to $68000-72000, triggering a broader institutional sell-off.

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Video Pro News Weekly: Market Shake-Up. USD Struggles & Crypto’s Next Big Move!

Major market shifts underway! The US dollar hits resistance, stocks teeter on tariff tensions, and Bitcoin inches toward a breakout. Gold and silver are surging—what’s driving the frenzy? Watch now & don’t forget to like and subscribe for more updates.



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#Shorts
#Gold: How much more can it grow?

USDCAD Wave Analysis – 31 March 2025

- USDCAD reversed from the support zone

- Likely to rise to resistance level 1.4500

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EURAUD Wave Analysis – 31 March 2025

- EURAUD rising inside impulse wave iii

- Likely to reach resistance level 1.7400

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Markets rattled on consumer sentiment

The Nasdaq100 index lost over 4% from the start of the day Friday to mid-day Monday. As a mainstay, many media outlets are replicating the idea of traders' fears of tariffs that come into effect this week.

However, this is hardly news, and such a decline needs a driver. Friday's publication of the consumer sentiment index from the University of Michigan is quite suitable for this role. It contains alarming information for stock indices on all fronts.

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Nvidia Wave Analysis – 31 March 2025

- Nvidia reversed from key support level 105.00

- Likely to rise to resistance level 115.00

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NIO Wave Analysis – 31 March 2025

- NIO reversed from support zone

- Likely to rise to resistance level 4.00

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🗓 Economic Calendar at 2025/04/01 (GMT)

00:30 🇦🇺 Retail Sales — Exp: 0.3% Actual: 0.2%

01:45 🇨🇳 Markit Manufacturing PMI — Exp: 50.6 Actual: 51.2

03:30 🇦🇺 ⚡️ RBA Interest Rate Decision — Exp: 4.10% Actual: 4.10%

03:30 🇦🇺 ⚡️ RBA Rate Statement

04:30 🇦🇺 ⚡️ RBA Media Conference

07:50 🇫🇷 Manufacturing PMI — Exp: 48.9 Actual: 48.5

07:55 🇩🇪 Manufacturing PMI — Exp: 48.3 Actual: 48.3

08:00 🇪🇺 Manufacturing PMI — Exp: 48.7 Actual: 48.6

08:15 🇬🇧 MPC Member Megan Greene Speaks

08:30 🇬🇧 Manufacturing PMI — Exp: 44.6 Actual: 44.9

09:00 🇪🇺 Consumer Price Index — Exp: 2.2% Actual: 2.2%

09:00 🇪🇺 Consumer Price Index - Core — Exp: 2.5% Actual: 2.4%

12:30 🇪🇺 ECB President Christine Lagarde Speaks

13:30 🇨🇦 S&P Global Manufacturing PMI Actual: 46.3

13:45 🇺🇸 Manufacturing PMI — Exp: 49.8 Actual: 50.2

14:00 🇺🇸 ⚡️ JOLTs Job Openings — Exp: 7690K Actual: 7570K

14:00 🇺🇸 ⚡️ ISM Manufacturing PMI — Exp: 49.5 Actual: 49.0


[Updated in real time]