Economic Report

Oil prices rose in early Asian trade on Thursday, recouping some of the losses after hitting their lowest levels in more than a year in the previous session, as markets calmed somewhat after Swiss regulators’ decision to bail out Credit Suisse. And by 0107 GMT, Brent crude futures rose 85 …

Traders and investors hastily flocked and piled into US-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the beleaguered Swiss bank severely impacted its shares and added to existing concerns about instability in the banking sector.The volume of options on Credit Suisse …

Reacting to widespread market concerns over banking contagion, the EUR/GBP pair widens its losses. The mood on the market is starting to turn negative. The Euro is specifically penalized by this prior to the European Central Bank’s interest rate decision.As the UK Finance Minister Jeremy Hunt revealed the new budget …

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 …

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 …

SVB Financial Group, a startup-focused lender, became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across the global financial system and pushing authorities to step in to minimise the consequences. Concerns were also voiced that increasing interest rates would expose weaknesses in the global …

The ripple effect of the ongoing collapse in the US banking sector is expected to trigger a panic selling if Tuesday’s CPI reading in the United States comes in hotter than expected.ApeCoin and dYdX are two altcoins that are likely to face a massive selloff this week. Things are getting …

The EUR/USD pair is running higher into potential resistance. All eyes are now focusing on the Federal Reserve, European Central Bank, and Tuesday´s US Consumer Price Index, CPI. The pair up by over 0.9% in midday trade on Wall Street aided by a weaker US dollar and ahead of the …

Silicon Valley Bank, or SVB, was closed down by banking regulators on Friday after a dramatic, quick collapse, the second-largest bank failure in US history. SVB had only two days previously indicated that corporation was experiencing a cash problem. It initially sought to generate funds by selling shares, then it …

Last week, as China seeks to intensify its efforts to reduce stubborn financial risks and technological bottlenecks during President Xi Jinping’s third term, the country kept the top leaders at the central bank and the Ministry of Finance unchanged.In the United States, a government study on Friday renewed hopes of …