• March 16, 2023
  • Market News
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S&P 500 Dives as Banking Stress Triggers Market Tremors, Dollar Up on Haven Demand

The S&P 500 sinks as the US banking crisis spreads across the Atlantic, weighing on sentiment. Meanwhile, defensive assets rally on haven demand, with the US dollar up against most of its peers....
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  • March 15, 2023
  • Market News
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UK Spring Statement: Hunt, OBR Forecast the UK Will Avoid a Recession

Jeremy Hunt extended the energy cap for 3 months while boosting investment incentives and labour supply. Corporate tax incentives offered to counter tax rise...
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  • March 15, 2023
  • Market News
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European Bank Stocks Renew Their Heavy Sell-Off as Contagion Fears Return

The European banking sector is reeling again with all constituents of the Euro Stoxx index heavily in the red as risk sentiment turns sour....
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  • March 15, 2023
  • Market News
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Gold Price Forecast: Gold Struggles to Maintain Momentum Below the $1900 Handle

Spot Gold displayed whipsaw price action following the European open, flirting with the $1900 level. Bears remain hopeful though if gold prices remain below the $1925 handle....
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  • March 15, 2023
  • Market News
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EUR/USD Supported by Hawkish ECB Rate Hike Chatter

The ECB is set to hike rates by 50 basis points on Thursday despite the ongoing banking sector turmoil, according to one ‘source report’....
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  • March 15, 2023
  • Market News
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AUD/USD Price Forecast: Aussie Dollar Being Carried by Chinese Data

The Australian dollar is trading in the green for what could be its 3rd consecutive positive close ahead of some key US economic data. AUD/USD testing 0.67 once more....
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  • March 15, 2023
  • Market News
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Euro Poised Amidst Market Turmoil Ahead of CPI Data and ECB. Higher EUR/USD?

The Euro has stacked on the gains as the US Dollar remains in a tailspin from the fallout of failed banks that have seen Fed hike expectation pared while the ECB looks to crimp CPI. Where to for EUR/USD?...
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  • March 15, 2023
  • Market News
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Crude Oil Price Slumps Post CPI As Volatility Lifts Ahead of the Fed. Lower WTI?

Crude oil has steadied so far today after sliding lower to start the week after a bumpy ride for markets with volatility rising as uncertainty remains ahead of the Fed. Will WTI recover?...
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  • March 15, 2023
  • Market News
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Japanese Yen May Weaken if US Banking Sector Volatility Continues Calming

The Japanese Yen underperformed as US banking sector volatility cooled. Traders started pricing out aggressive Fed rate cut bets for later this year and Treasury yields rallied....
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  • March 15, 2023
  • Market News
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US Dollar’s Fate in Fed’s Hands After Hot Inflation Data; EUR/USD, GBP/USD Setups

The U.S. dollar lacks directional conviction despite a rebound in U.S. Treasury yields and hot inflation data, as fragile markets call into question the Fed’s hiking roadmap....
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