Gold price was higher on Tuesday following two sessions of declines with support from a weaker US Dollar even as bond yields climbed. Wall Street’s major indexes lost ground as investors grew concerned again that the Federal Reserve would keep interest rates higher for longer as fears of further banking …
Read More »Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal b…
EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Market Analysis
March, 2023
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29 March 2023 2:20 am
Stocks close lower as Wall Street regains stability
While Wall Street regains some stability at the close of what has been a turbulent month, stocks were divided on Tuesday. The S&P 500 fell 6.26 points, or 0.2%, to 3,971.27 even though the vast majority of the index’s companies increased. The Nasdaq composite dropped 52.76, or 0.4%, to 11,716.08 …
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29 March 2023 12:51 am
T-yields do not ease the pressure on the US dollar.
The American dollar was not supported by surging Treasury yields. The EUR/USD shifted in the direction of 1.0850. The USD/JPY pair fell back when it encountered resistance near 131.50, while the AUD/USD rose again above the 0.6700 mark.Despite surging Treasury yields, the Dollar Index shows that the US dollar is …
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28 March 2023 11:08 pm
WTI crude oil jumps beyond $73 on supply worries
After a decision on an arbitrage between Kurdistan and Baghdad, supply risks stopped 450K barrels of shipments through Turkey. The benchmark prices of US crude oil are supported by a weak US dollar. Although WTI has a neutral to bearish trend, oscillators have recently turned positive, pointing to further potential.Due …
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28 March 2023 9:46 pm
USD/CHF returns from weekly lows and is getting close to 0.9200
In the North American session, the USD/CHF recovers from weekly lows of 0.9136 and advances towards challenging 0.9200. The USD/CHF exchange rate is currently trading above its initial price at 0.9199 after reaching a daily high of 0.9226.The USD/CHF pair tested the previous week’s low of 0.9118 earlier in the …
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28 March 2023 7:28 pm
NY Fed: Expected rent price increase for next year
In a report published on Tuesday, the Federal Reserve Bank of New York said that the expected rent price increase for next year was at 8.2%, down from 11.5% last year.The news headline doesn’t seem to be impacting the US Dollar’s performance against its rivals. At the time of press, …
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28 March 2023 6:36 pm
UK Labour urges more partnership with EU, cautious on China
While the UK Labour Party prepares for a closer connection with the EU if it wins the next election, Prime Minister Rishi Sunak asserts that the UK economy “will return to growth” and applauds the measures in the chancellor’s budget “that will help” to accomplish this. David Lammy, the opposition …
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28 March 2023 5:18 pm
GBP edges up as BoE says no tension in UK banking system
Sterling hovered around a two-month high on Tuesday as the Bank of England (BoE) said Britain was not experiencing stress linked to the demise of Silicon Valley Bank (SVB) and Credit Suisse. BoE Governor Andrew Bailey told parliament’s Treasury Committee in a hearing on SVB: “I don’t think that any, …
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28 March 2023 4:15 pm
Futures edge lower as yields rise amid easing bank contagion fears
U.S. stock index futures slipped on Tuesday as Treasury yields rose amid easing worries about a banking crisis following First Citizens BancShares’ U.S. regulator-backed deal for failed Silicon Valley Bank. Benchmark 10-year yields rose to 3.545%, weighing on growth stocks such as Apple Inc, Meta Platforms and Alphabet Inc in …
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28 March 2023 1:15 pm
European stocks continue to recover as banking concerns ease
European stocks rose on Tuesday as investors’ hopes of containing the banking crisis revived after a deal to take over the deposits and loans of the collapsed US bank Silicon Valley. The European Stoxx 600 index rose 0.7 percent by 0708 GMT, continuing the rise for the second day in …
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28 March 2023 12:26 pm
Japanese stocks closed higher, supported by banking stocks
Japanese stocks ended Tuesday’s trading higher, supported by the rise of bank stocks, following the easing of concerns about the global financial system after a deal in which First Citizens Bankers would acquire the assets of the collapsed US Silicon Valley Bank. The Nikkei index rose 0.15 percent to close …
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28 March 2023 11:53 am
Oil moves within narrow range on supply concerns, banking sector fears
Oil prices moved in a narrow range during early Asian trading on Tuesday, after rising in the previous session, as oil markets focused on developments in the banking crisis, concerns about supply, and indications of increased demand. Brent crude futures fell two years to $ 78.10 a barrel at 0018 …
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28 March 2023 6:08 am
Market Drivers – US Session 27/03/2023
The week has generally started off quietly and optimistically on the financial markets. Due to a lack of any significant economic news during the US session on Monday, the Dollar Index (DXY) seemed unable to gain from higher T-yields.Key Developments On Monday, the DXY lost gains and fell under 103.00 …
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