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Market Analysis

March, 2023

  • 17 March 2023 2:46 am

    EUR/USD stabler on trimmed Fed-ECB policy gap

    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 …

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  • 17 March 2023 1:48 am

    NZD/USD firmly holds around 0.6190s ahead of US Consumer Sentiment

    The NZD/USD pair is subdued, around the 0.6190s ahead of Friday’s US economic data. The improved risk appetite on Thursday triggered the NZD/USD’s bounce from daily lows despite not good NZ GDP data.The NZD/USD pair is about to finish Thursday’s session flat after diving towards a daily low of 0.6139. …

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  • 17 March 2023 12:36 am

    11 US banks deposit $30 billion into First Republic Bank

    In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. US markets are up on Thursday, with the Dow Jones …

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  • 16 March 2023 11:42 pm

    Liquidators: FTX top officials wasted $3.2B

    According to new investigations in the FTX bankruptcy case, the liquidators of the cryptocurrency exchange-turned-hedge fund have revealed $3.2 billion in payments and loans made to Sam Bankman-Fried, the founder of FTX, and members of his close circle.The information was disclosed in the financial affairs statements and schedules of assets …

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  • 16 March 2023 10:44 pm

    WTI advances on sentiment improvement as Saudi-Russia talks easing fears

    WTI crude oil is making gains after dropping 5% on Wednesday as a result of a risk-off impulse. As a result of the Swiss government supporting Credit Suisse, market sentiment improved.The American crude oil benchmark, supported by a risk-on impulse, recovers after falling to a 15-month low at about 65.72. …

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  • 16 March 2023 8:24 pm

    Gold price watches for restoring markets’ calm

    At the time of writing, the price of gold is $1916.63 per ounce, making the future of the metal extremely unpredictable. The future of the precious metal is highly dependent on how fast and whether the market turbulence will abate, as well as whether the Fed will be able to …

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  • 16 March 2023 7:52 pm

    ECB to decide several further rate hikes in future meetings

    The ECB hiked rates by 50 bps. Economists also believe that the ECB is still worried about the inflation picture and will continue hiking in the upcoming meetings.The ECB hiked rates by 50 bps despite ongoing market turbulence. The uncertain market situation led to the ECB not giving any signals …

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  • 16 March 2023 5:39 pm

    ECB hikes key rates by 50 basis points in March as expected

    The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected.  With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility …

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  • 16 March 2023 4:50 pm

    Weekly Initial Jobless Claims decline to 192K

    There were 192,000 initial jobless claims in the week ending March 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 212,000 and came in better than the market expectation of 205,000. Further details of the publication …

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  • 16 March 2023 4:15 pm

    Oil regains some ground after Credit Suisse lifeline

    Oil prices recovered some ground on Thursday, rising from the previous session’s 15-month lows, as markets settled considerably after Swiss authorities threw Credit Suisse a financial lifeline. But, market mood remained weak, damaged by concerns about mounting stress on banks throughout the world, and both major crude benchmarks gave up …

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  • 16 March 2023 2:35 pm

    European stocks rose as investor fears subsided after Credit Suisse received a financial aid

    Eurozone

    European stocks rose Thursday, March 16th, as troubled Credit Suisse rose after receiving financial aid from the Swiss National Bank (SNB), easing some fears of a global banking crisis, although caution prevailed ahead of the European Central Bank’s interest rate decision. The Stoxx 600 index rose 0.9%, by 08:15 GMT. …

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  • 16 March 2023 2:16 pm

    Credit Suisse leaps 33% at open on news of central bank support

    Credit Suisse stock jumped more than 30% at the outset in Zurich on Thursday, after the ailing lender’s receipt of a 50-billion-franc rescue line from the Swiss National Bank. Credit Suisse shares in Zurich were up 33% at CHF 2.25 (CHF 1 = $1.0811) at 04:15 ET (08:15 GMT). The …

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  • 16 March 2023 12:40 pm

    ECB Preview: Forecasts from 5 major banks

    The European Central Bank (ECB) is set to announce its decision on monetary policy on Thursday, March 16 at 13:15 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of 5 major banks. ECB is likely to hike …

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