Home Blog Market Analysis Weekly Market Analysis / 3 - 7 April 2023

Weekly Market Analysis / 3 - 7 April 2023

by Buse Kozok
Weekly Market Analysis /  3 - 7  April 2023

Last week, we followed Euro Zone inflation and US growth data in global markets. In the Euro Area, consumer price index increased by 0.9% monthly in March, annual inflation, which was 8.5% in February, decreased to 6.9% in March. Core inflation, on the other hand, broke a record with 5.7%. The US economy grew by 2.6% in the fourth quarter of 2022, while it grew by 2.1% for the year. First Citizens Bank's takeover of loans and deposits of Silicon Maturity Bank, which went bankrupt in global markets, which experienced hard sales due to the banking crisis in the past weeks, alleviated the concerns about the banking system, while a partial recovery was observed in the markets. Gold continues to be priced above $1.900 an ounce. Although the USA took a hawkish stance against inflation, the banking crisis made gold shine. Our $2.000 resistance, This week will be an important week in terms of data flow. Let's see what awaits us this week!!

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