Oil prices fell 5% yesterday on news that the US will release its own reserves. According to the news, the USA plans to release 1 million barrels of its own oil reserves and 180 million barrels in total in order to reduce Russia's oil power.
The US's March jobs report will be released on Friday, making it the last monthly jobs report ahead of the Fed's May meeting. Inflation will be updated in a week when the economic calendar is busy. Developments in Ukraine and oil prices will continue to shape the market sentiment as the first quarter draws to a close.
Isolated from the world economy of Western countries after the war that began in Ukraine, Russia is looking for buyers for its $ 140 billion gold reserves due to sanctions. As the Russian war against Ukraine continues, the scope of sanctions against Western countries that want to pay the country a high price for the economy is gradually expanding.
In Australia, a consumer rights watchdog has sued its parent company Meta, citing fraudulent ads posted on Facebook.
The Australian watchdog has filed a lawsuit against the parent company of the social media platform, Meta, for ads posted on Facebook in a cryptocurrency scam attempt that totaled A$100 million from citizens of the country in 2021.