Market Update

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 …

The collapse of Signature Bank and SVB has economists divided on whether it would affect the Fed’s decision to hike interest rates later this month. Policymakers are now dealing with financial panic and persistent inflation.The debate started late Sunday with anticipations that the Fed won’t raise rates at the conclusion …

The AUD/USD pair starts the trading week positively, trading at 0.6716 at the time of writing, up by 2.11% on the day.SVB bank’s catastrophe has shed heavy clouds on the banking sector while the consequences of the Fed’s rate hike decision support the pair. AUD/USD currency pair opens the first …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation dropped to the lowest level since May 2021 at 4.2% in February, compared to 5% in January.Further details of the publication showed that the three-year ahead expected inflation …

Thousands of UK-based and trainee doctors on Monday announced a three-day strike that will severely affect patient care to protest wages they say are very low. The strike is the latest in which workers in the state-funded National Health Service take part in Britain, after the strike by nursing staff, …

Oil prices fell on Monday, as did stocks, as the collapse of the Silicon Valley bank raised fears of a new financial crisis, but the recovery in Chinese demand provided some support. By 1001 GMT, Brent crude futures fell $1.44, or 1.7 percent, to $81.34 a barrel. US West Texas …

The dollar fell today, Monday, as the US authorities intervened to curb the repercussions of the sudden collapse of the Silicon Valley Bank (SVB), as investors hoped that the Federal Reserve would follow a less hawkish monetary path. The US government announced a number of measures and said that all …

European stocks fell on Monday, as banking stocks continued to decline in the region, despite the intervention of the authorities to limit the repercussions of the sudden collapse of Silicon Valley Bank. The pan-European Stoxx 600 index was down 0.6 percent by 0812 GMT, after closing at its lowest level …

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 …

Oil prices rose on Monday after a weak start as recovering Chinese demand and a weaker dollar supported a market wary of further hikes in US interest rates. By 0410 GMT, Brent crude futures rose 19 cents to $82.97 a barrel. West Texas Intermediate crude futures rose 20 cents, or …