As US inflation is still high and as the banking sector encounters difficulties, and as both facts necessitate and demand opposite responses, the Fed is widely seen as stuck between a rock and a hard place ahead of FOMC meeting. Fed Chair Jerome Powell is still required to continue the …

The USD/CAD pair finished the week lower around 1.3700 but far from the bottom. Next week, the key report from the Canadian economy will be February’s Consumer Price Index (CPI) on Tuesday. The kiwi was among the biggest gainers despite weak New Zealand Q4 GDP data. TheAUD/USD had the best …

Gold price surged further to the upside during the US, breaking above $1,988.50 per ounce at the time of writing. Late on Friday, the Gold Index XAU/USD stands at the highest level since April 2022 and on its way to the third-highest weekly close on record.From the level it had …

Due to continuing worries about the condition of the US banking sector, investors reduced their holdings of First Republic and other bank shares on Friday, causing a decline in US stocks.First Republic dropped by almost 33% to finish the week down by almost 72%. That represented a change from the …

Getting prepared for hard times seemed to be a popular theme among Americans. As bank woes hit the news headlines, clients have started to signal more urgent concerns. A lot of it is post-traumatic stress recalling the bad memories of the global financial crisis in 2008. But the numbers today, …

At the time of writing, the price of one bitcoin is $26495. Bitcoin is on track for one of its largest weekly rises in recent memory, supported by bets on future interest rate reductions as the token weathers the financial sector’s turbulence.Since Monday, the biggest digital asset has increased by …

WTI crude oil modestly bounced after posting a fresh 2023 low of $65.22 a barrel. West Texas Intermediate fell to $65.22 per barrel on Friday, its lowest since November 2022. It currently trades at around $67.30 a barrel, breaking lower amid financial turmoil weighing on the market mood. At the …

Gold is trading at $1959.26 at the time of writing. Earlier on the day, gold price surged further on Friday reaching the highest level in eleven months, rising above $1,960 per ounce. The Gold Index XAU/USD is rising by more than $40, adding to weekly gains.Risk aversion amid the banking …

Thursday witnessed a spike in stock market volatility. Indexes on Wall Street began the day in the red but ended the day up more than 1%. Nasdaq took the lead with a gain of 2.48%. Fears about systemic risk subsided, improving the market’s attitude. 11 of the biggest American banks …

While investors’ attention shifts to looming Fed policy decision, the EUR/USD pair is performing sideways over 1.0600. At the time of writing, the price of the pair is 1.0613. The ECB’s 50 bps increase in interest rates has reduced the gap between its own and the Fed’s policy stances. Following …