Crude Oil Update: WTI Sell-off Pauses as the SNB Calms Banking Concerns

Oil markets appear eerily calm in the early London session as the Swiss National Bank eases some banking concerns. US crude stocks rise, adding to the selling pressure

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British Pound Latest: GBP/USD Following the US Dollar as Risk Looks to Ease

Sterling is nudging higher against the US dollar, testing the 1.2100 level, after Wednesday’s flight-to-quality saw the greenback surge across the board.

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Swiss Franc Frazzled as Banking Woes Takes Hold. Is the Fed Pivot Here?

The Swiss Franc has been caught up in the evolving banking crisis with the Swiss National Bank intervening today. With ongoing emerging risks, will the ECB change tack today?

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EUR/USD Craters on Banking Sector Woes ahead of ECB. Will the Doves Prevail?

EUR/USD plunged on Wednesday on risk-off sentiment as the U.S. banking sector turmoil spread to Europe, calling into question the ECB’s ability to hike rates aggressively tomorrow.

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European Bank Stocks Renew Their Heavy Sell-Off as Contagion Fears Return

The European banking sector is reeling again with all constituents of the Euro Stoxx index heavily in the red as risk sentiment turns sour.

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Gold Price Forecast: Gold Struggles to Maintain Momentum Below the $1900 Handle

Spot Gold displayed whipsaw price action following the European open, flirting with the $1900 level. Bears remain hopeful though if gold prices remain below the $1925 handle.

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EUR/USD Supported by Hawkish ECB Rate Hike Chatter

The ECB is set to hike rates by 50 basis points on Thursday despite the ongoing banking sector turmoil, according to one ‘source report’.

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AUD/USD Price Forecast: Aussie Dollar Being Carried by Chinese Data

The Australian dollar is trading in the green for what could be its 3rd consecutive positive close ahead of some key US economic data. AUD/USD testing 0.67 once more.

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Euro Poised Amidst Market Turmoil Ahead of CPI Data and ECB. Higher EUR/USD?

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 ECB looks to crimp CPI. Where to for EUR/USD?

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Japanese Yen May Weaken if US Banking Sector Volatility Continues Calming

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.

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USD/CAD Price Forecast: Loonie Gains Continue Post US CPI

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.

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Gold Price – XAU/USD Eyes Support as CPI Nears and US Bond Yields Rebound

The latest US inflation release may not have the same market effect as in the past as the global interest rate backdrop has changed post-SVB failure.

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Euro Price Forecast: Wait & See for EUR/USD, US CPI

EUR/USD is eyeing the all important US CPI release while trading at a key inflection point.

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Breaking News: UK Unemployment Rate Remains Steady at 3.7%, GBP/USD Edges Lower

The UK unemployment rate held steady while wages adjusted for inflation recorded its largest drop since the February to April 2009 period.

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US Dollar Grips on as SVB Fallout Brings US CPI into View Ahead of the Fed

The US Dollar steadied after a discombobulating first few sessions following a weekend of turmoil in US banking that may have implications for the Fed rates path ahead of US CPI today.

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Crude Oil Faces Perfect Storm if US Inflation Pours Gasoline on Uncertainty Flame

Crude oil prices extended losses during Tuesday’s Asia-Pacific session. Market uncertainty may be pushed further if another sticky US inflation report reinvigorates Fed rate hike bets.

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XAU/USD Price Outlook: SVB Collapse Drives Demand for Safe-Haven Gold

Gold prices have surged after the SVB collapse sent shockwaves through global markets. While rate expectations have eased, XAU/USD is on track to retest $1,900.

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US Dollar Hits a One-Month Low as Bond Yields Slump; Gold, Yen Remain Bid

The greenback is falling further in early trade as US Treasury yields continue their sell-off as markets reassess the path of future interest rate hikes.

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EUR/USD Prints Fresh 1-Month High Before Surrendering the 1.07 Handle

EURUSD has struggled to maintain gains above the 1.07 level following the European open as markets digest moves by US policymakers to restore confidence in the Banking sector.

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AUD/USD Price Forecast: Australian Dollar Rallies on Fed Repricing

The Australian dollar is trading higher today as the US dollar continues to sell-off post-SIVB. AUD/USD now eyes the 0.67 resistance handle ahead of US CPI tomorrow.

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