Market News

The gold price stormed higher yesterday as the Credit Suisse debacle continues to play out while the US Dollar seems susceptible ahead of the Fed decision. Will a hike turn XAU/USD around?...

The Dow Jones and S&P 500 gained as bank sector volatility cooled, causing traders to firm Fed rate hike bets for Wednesday. The Nasdaq/Dow ratio plunged the most since SVB’s collapse....

The Fed will announce its policy decision on Wednesday. Markets expect the FOMC to raise rates by 25 bp to 4.75%-5.50%, though a pause in the hiking cycle should not be entirely ruled out....

Gold prices lose upward momentum after failing to break above the psychological $2,000 level decisively but maintain a bullish technical outlook....

The prior resilience of the FTSE 100 index appears at risk as the very exposure to financials and energy that held it in good stead adds to its new-found fragility...

Oil prices continued their decline in the European session before bouncing ahead of the US open. Given the recessionary fears engulfing markets will we see a sustainable upside push for Oil prices?...

USD/JPY has continued to decline as mounting fears of further contagion throughout the banking sector weigh on the Dollar, boosting the safe-haven appeal of the Yen....

EUR/USD didn’t enjoy much of a lasting boost from last week’s interest rate rise as the financial sector’s worries take center stage again...

In a deal brokered by the Swiss Government, UBS has bought troubled rival Credit Suisse in a deal worth just over three billion US dollars....

The Dow Jones greatly underperformed the Nasdaq as traders flocked to tech stocks in anticipation of aggressive rate cuts from the Federal Reserve later this year after SVB’s collapse. All eyes turn to the central bank and Jerome Powell’s press conference on Wednesday....