WEEKLY MARKET RECAP: March 06 –March 10, 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…
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MARKET UPDATE
Asia FX sinks before labour data Most Asian currencies fell on Friday as markets turned cautious ahead of key U.S. labour market data due later in the day, while the…
MARKET UPDATE
Crypto-focused bank Silvergate plans to wind down following blow from FTX Crypto-focused bank Silvergate Capital (NYSE:SI) Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after…
MARKET UPDATE
Dollar clears 3-month high, yields surge on hawkish Powell The U.S. dollar hit a three-month high against a basket of currencies on Wednesday, tracking a spike in Treasury yields after…
MARKET UPDATE
Asian markets steady as investors await Fed chair’s testimony Asian financial markets were little changed on Tuesday as investors awaited congressional testimony from Federal Reserve Chair Jerome Powell due to…
Weak euro zone data point to cracks in recovery as inflation lingers
The euro zone’s economic recovery is tentative and fragile, several indicators suggested on Monday, adding to signs that even if a recession may have been avoided, no upturn is in…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between March 06th 2023 and March 10th, 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Asia FX muted ahead of Powell testimony Most Asian currencies kept to a tight range on Monday as markets awaited more cues on U.S. monetary policy from a testimony by…
European stock futures higher
European stock markets are expected to open higher Friday, boosted by gains in Asia and on Wall Street overnight ahead of the release of euro zone services activity data. At…
MARKET UPDATE
Oil prices dip, but eye positive week on Chinese demand bets Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates,…
WEEKLY MARKET RECAP: February 27 – March 03, 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
Gold prices hover above 2023 lows as Fed uncertainty persists Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 27th, 2023, and March 3rd 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Dollar steady on higher-for-longer rate outlook; yen wobbles The dollar was set for its fourth straight week of gains as investors braced for U.S. interest rates to be higher for…
MARKET UPDATE
Asia FX edges higher, Korean won surges Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating…
MARKET UPDATE
Oil prices inch higher after bruising losses Oil prices crept higher on Wednesday after sharp losses in the prior session as markets awaited more cues on U.S. interest rates and…
Shares struggle, bond yields jump after bright economic data
European stocks fell on Tuesday and bond yields jumped after a pickup in euro zone business activity this month fuelled predictions that the European Central Bank would remain hawkish as…
MARKET UPDATE
Asia FX slips, dollar gains as markets await more Fed cues Most Asian currencies fell on Tuesday, while the dollar advanced against a basket of currencies as markets awaited more…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 20th , 2023 and February 24th 2023, where we take a look at the economic data, market…
MARKET UPDATE
Dollar steady as robust U.S. data keep Fed hawks in control The dollar was on the front foot on Monday, supported by a strong run of economic data out of…