The Euro has stacked on the gains as the US Dollar remains in a tailspin from the fallout of failed banks that have seen Fed hike expectation pared while the…
Gold and silver prices have been rising after SVB’s collapse. Retail traders have been responding by increasing downside exposure. Does this hint at more gains for XAU and XAG?
Crude oil has steadied so far today after sliding lower to start the week after a bumpy ride for markets with volatility rising as uncertainty remains ahead of the Fed.…
The Japanese Yen underperformed as US banking sector volatility cooled. Traders started pricing out aggressive Fed rate cut bets for later this year and Treasury yields rallied.
The U.S. dollar lacks directional conviction despite a rebound in U.S. Treasury yields and hot inflation data, as fragile markets call into question the Fed's hiking roadmap.
The loonie has enjoyed back-to-back days of gains against the greenback for the first time in a month, however USDCAD remains bullish above the 1.3580 handle.
US stock futures have experienced a sharp rebound, buoyed by a recovery in bank stocks and lower rate expectations. Nasdaq 100 leads followed by S&P 500 and Dow.
The 10 year Japanese government bond yield dropped below the Bank of Japan’s former cap of 0.25% as investors seek safety amid local banking stocks decline
Bitcoin and Ethereum have extended gains after an impressive rally on Monday, ensuing from the collapse of SVB and an injection of liquidity from US authorities.