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access_timeMarch 20, 2023
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  • JPMorgan advising First Republic on strategic alternatives, including a capital raise, sources say
  • Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
  • Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
  • Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?
  • Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Mar 07, 2023 when Wall Street traded near 32,870.10.
  • FTSE Price Forecast: UK Stocks Rally as Markets Contemplate Overreaction
  • Bitcoin climbs above $28,000 to a 9-month high as Treasury yields slide on bank crisis
  • UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
  • UBS shares reverse losses, Credit Suisse craters 50% after takeover deal
  • Oil Price Update: WTI and Brent Remain Under Pressure as Recessionary Fears Weigh

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Category: Market News

Market News

Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?

Posted onMarch 20, 2023

Gold prices lose upward momentum after failing to break above the psychological $2,000 level decisively but maintain a bullish technical outlook.

Market News

FTSE Price Forecast: UK Stocks Rally as Markets Contemplate Overreaction

Posted onMarch 20, 2023

The prior resilience of the FTSE 100 index appears at risk as the very exposure to financials and energy that held it in good stead …

Market News

Oil Price Update: WTI and Brent Remain Under Pressure as Recessionary Fears Weigh

Posted onMarch 20, 2023

Oil prices continued their decline in the European session before bouncing ahead of the US open. Given the recessionary fears engulfing markets will we see …

Market News

USD/JPY Grinds Lower as Fear Overshadows UBS/Credit Suisse Deal

Posted onMarch 20, 2023

USD/JPY has continued to decline as mounting fears of further contagion throughout the banking sector weigh on the Dollar, boosting the safe-haven appeal of the …

Market News

EURUSD Wilts As Bank-Sector Woes Hit Risk Appetite Once Again

Posted onMarch 20, 2023

EUR/USD didn’t enjoy much of a lasting boost from last week’s interest rate rise as the financial sector’s worries take center stage again

Market News

UBS Rescues Credit Suisse, Fed Increases Dollar Liquidity , Gold Hits a One-Year High

Posted onMarch 20, 2023

In a deal brokered by the Swiss Government, UBS has bought troubled rival Credit Suisse in a deal worth just over three billion US dollars.

Market News

Markets Week Ahead: Dow Jones, Nasdaq 100, Gold, US Dollar, Crude Oil, Fed, Powell

Posted onMarch 19, 2023

The Dow Jones greatly underperformed the Nasdaq as traders flocked to tech stocks in anticipation of aggressive rate cuts from the Federal Reserve later this …

Forecasts

Gold (XAU/USD) Forecast: Gold Gains May Not be Over if Banking Angst Continues, FOMC Ahead

Posted onMarch 19, 2023

Golds recent gains has come about largely on a return of its haven appeal. A continuation of Fridays drop in banking shares and any further …

Market News

US Dollar Outlook Hinges on Fed’s Next Steps. Will the FOMC Hike or Pause?

Posted onMarch 18, 2023

The US dollar’s trading bias will be defined by the Fed’s policy outlook next week. Traders should prepare for the possibility of a dovish guidance …

Forecasts

Nasdaq 100, Dow Jones, S&P 500 Technical Forecast: Mixed Week Offers Neutral View

Posted onMarch 18, 2023

There was a disproportionate rise in tech stocks last week as the Nasdaq 100 roared higher but the Dow Jones was left behind. Broadly speaking, …

Forecasts

Australian Dollar Outlook: Banking Saga Rolls on as RBA Seen to Pause

Posted onMarch 18, 2023

The Australian Dollar jumped higher to finish a tumultuous week in markets that have questioned all asset classes with central banks now reassessing their tightening …

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Recent Posts

  • JPMorgan advising First Republic on strategic alternatives, including a capital raise, sources say
  • Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
  • Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
  • Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?
  • Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Mar 07, 2023 when Wall Street traded near 32,870.10.
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