Despite rising Treasury rates and CPI on Tuesday, the US dollar was unable to recover. Wall Street recovered and ended its five-day losing streak. The dollar continued to decline on Tuesday, although it managed to stay above Monday’s lows while remaining weak. The Nasdaq increased by more than 2%, while …

In a statement published by Reuters late on Tuesday, Federal Reserve Governor Michelle Bowman dispelled rumours that the US banking industry would face difficulties in the wake of the Silicon Valley Bank (SVB) scandal.Fed’s Bowman noted that the banking sector has strong capital and liquidity and that the Fed board …

Following the US CPI inflation reading for February, which increased at an annualised 6% pace, in line with predictions and down from 6.4% in January, oil prices are falling in noon trading. Inflation in the United States remains far over Fed’s target, raising the possibility of a recession, particularly in …

The GBP/USD pair was lower on Tuesday but hovers around a one-month high on the back of the trading day’s softer US dollar that was dented at the start of the week due to the market turmoil in the banking sector. At the time of writing, the GBP/USD pair is …

Following a significant selloff over the previous few days, regional bank stocks rallied to conclude the US trading session. On Tuesday, bank stocks increased and Treasury yields increased as some traders expected that banking sector hardship may be minimised, allowing the Federal Reserve to concentrate on fighting inflation.Compared to Monday’s …

From 6.4% in February 2023, the Consumer Price Index decreased to 6.0% year over year. It is anticipated that following the next FOMC meeting, interest rates will rise by 25 basis points. The cryptocurrency market responded favourably to the inflation rate as the price of Bitcoin increased to trade at …

USD/CHF is coming back to the downside after the latest CPI report, which jumped from 3.3% to 3.4% y/y. We can see an excellent turndown towards the lower support line. USD/CHF trims some of its Monday’s losses and shifts positively on Tuesday, gaining 0.47%. The USD/CHF is trading at 0.9151 …

Despite trading at 1909.07 at the time of writing, the precious metal jumped to the highest in over a month. Economists see the yellow metal trading above $1,925 in the latter months of this year. Ironically, higher rates now are good for gold later on as they would drive rates …

The World’s largest exchange is expected to suspend UK withdrawals amid increasing crypto scrutiny. Therefore, British customers of the world’s biggest cryptocurrency exchange will be unable to withdraw their money from the platform within months. Binance has been forced to suspend withdrawals to British bank accounts following pressure from regulators …

The SVB collapse drove US stock markets to monthly lows. The Nasdaq managed to recover and gained 0.45%, while the Dow Jones lost 0.28% and the S&P 500 fell by 0.15%. The VIX rose 6% after pulling back during the second half of the US trading session. Crude Oil prices …