MARKET UPDATE
Safe-haven dollar sluggish as banking fears ebb; yen drops The safe-haven U.S. dollar struggled to find its footing on Wednesday following two days of losses as global financial markets regained…
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MARKET UPDATE
European stock futures higher; stability returns to banking sector European stock markets are expected to open higher Tuesday as a degree of stability returns to the region’s banking sector ahead…
U.S. stock futures edge up
U.S. stock futures rose on Monday, after First Citizens Bancshares helped calm unsettled markets by saying that it would take the deposits and loans of failed Silicon Valley Bank. The…
WEEKLY ECONOMIC CALENDAR AHEAD
WEEKLY ECONOMIC CALENDAR AHEAD Here is what you need to know about the important news between March 27th 2023 and March 31th 2023, where we take a look at the…
MARKET UPDATE
Gold prices dip from $2,000 Gold prices retreated on Monday as traders locked in profits after a strong run of gains but remained near key levels hit last week as…
WEEKLY MARKET RECAP: March 20 –March 24 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Oil falls as US holds off refilling strategic reserve Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the…
MARKET UPDATE
European stock futures mixed, Bank of England in focus after Fed hike European stock markets are expected to open in a mixed fashion Thursday as investors digest the latest interest…
Dollar slips as Fed outlook shifts
The dollar was under pressure near seven-week lows on Thursday after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, which markets think are more or…
MARKET UPDATE
Asia FX creeps lower, dollar muted as markets brace for Fed rate hike Most Asian currencies retreated in cautious trade on Wednesday as markets positioned for a likely interest rate…
MARKET UPDATE
Bitcoin passes the bank stress test As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency seems positively…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between March 20th 2023 and March 24th 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Asia FX sinks, dollar rises amid Fed uncertainty bank crisis fears Most Asian currencies fell on Monday and the dollar rose as markets hunkered down ahead of a Federal Reserve…
MARKET UPDATE
Asia FX rises, dollar dips amid easing bank crisis fears Most Asian currencies rose sharply on Friday amid easing fears of a global banking crisis, while the dollar retreated as…
MARKET UPDATE
Credit Suisse to borrow up to $54 bln from Swiss National Bank Embattled Swiss lender Credit Suisse Group AG (SIX:CSGN) (NYSE:CS) said on early-Thursday that it will exercise an option…
MARKET UPDATE
Dollar finds footing as SVB fears calm down The dollar was attempting to steady in Asia on Wednesday, as investors dialled back bets on U.S. rate cuts and fear of…
MARKET UPDATE
Dollar slumps as markets trim Fed hike expectations on US banks’ fallout The dollar languished near a multi-week low on Tuesday as fears of a broader systemic crisis following the…
MARKET UPDATE
European stock futures mixed, U.S. regulators move to support financial system European stock markets are expected to open in a cautious manner Monday, with investors digesting the moves by U.S.…
HSBC to take over Silicon Valley Bank’s U.K. operations
HSBC (LON:HSBA) has agreed with the Bank of England to buy the U.K. operations of Silicon Valley Bank (NASDAQ:SIVB), whose collapse last week sent shudders through the U.S. financial system.…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between March 13th 2023 and March 17th 2023, where we take a look at the economic data, market news…