FTSE Price Forecast: UK Stocks Rally as Markets Contemplate Overreaction

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 adds to its new-found fragility

from DailyFX - Market News https://ift.tt/BKlYwDJ
via IFTTT

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

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 a sustainable upside push for Oil prices?

from DailyFX - Market News https://ift.tt/BylCEQN
via IFTTT

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

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 Yen.

from DailyFX - Market News https://ift.tt/sYNGI36
via IFTTT

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

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

from DailyFX - Market News https://ift.tt/FRajZer
via IFTTT

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

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.

from DailyFX - Market News https://ift.tt/BkvrO7c
via IFTTT

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

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 year after SVB’s collapse. All eyes turn to the central bank and Jerome Powell’s press conference on Wednesday.

from DailyFX - Market News https://ift.tt/jUgeJ9A
via IFTTT

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

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 due to rising financial instability risks.

from DailyFX - Market News https://ift.tt/VHEhps6
via IFTTT

Gold Prices Jump as Yields Slump, Sentiment Dismal as Bank Angst Lingers

Gold prices soar, rising to the highest level since early February, boosted by falling bond yields and risk-off mood as the U.S. banking sector woes fail to dissipate.

from DailyFX - Market News https://ift.tt/5urs3E7
via IFTTT

Rand Dollar Outlook: USD/ZAR Pauses Ahead of National Shutdown & FOMC

The South African Rand has surrendered weekly gains after fears over the US banking system ease, supporting a resilient Dollar. USD/ZAR remains uncertain ahead of FOMC.

from DailyFX - Market News https://ift.tt/6qXk95S
via IFTTT

US Stocks Rebound after Wall Street Puts its Money Where its Mouth is

US stocks responded favorably after assurances in the banking sector were put forward by the Federal Reserve, along with a show of confidence by large US banks

from DailyFX - Market News https://ift.tt/oKhPb0B
via IFTTT

Euro Latest: EUR/USD Pushes Higher on ECB Rate Hike Commentary

The Euro is pushing higher against a range of currencies as a group of ECB policy makers observe that inflation remains too high and that the central bank will have to hike interest rates further.

from DailyFX - Market News https://ift.tt/VDx6lSO
via IFTTT

GBP/USD Price Forecast: Cable Consolidates Above the 1.21 Handle

Cable enjoyed a strong bounce yesterday helped by improving sentiment and a weaker US Dollar. Weekly high around 1.2200 may cap gains ahead of a next week's key data releases.

from DailyFX - Market News https://ift.tt/VbCPuBd
via IFTTT

Gold Price Holds the High Ground Amid Banking Turmoil. Where to for XAU/USD?

The gold price remains elevated today as the markets assess the implications of the latest rescue package for another bank in crisis mode. If the US Dollar recovers, will XAU/USD go lower?

from DailyFX - Market News https://ift.tt/FX5axiQ
via IFTTT

Gold Price Forecast: XAU/USD Slips but Retains Bullish Bias on Bank Sector Mayhem

Gold prices are trading lower on Thursday, but the precious metal maintains a bullish profile as financial market risks linked to banking sector problems have not entirely disappeared.

from DailyFX - Market News https://ift.tt/t0UOjIm
via IFTTT

ECB Delivers 50bps Hike Despite Banking Sector Woes, EURUSD Indecisive

ECB hikes rates by 50bps in a sign that price stability trumps financial stability concerns. Borrowing costs are now at the highest level since late 2008.

from DailyFX - Market News https://ift.tt/T3gb6dO
via IFTTT

USD/JPY Price Forecast: Dollar/Yen Dips as Rate Expectations Fall

USD/JPY is currently testing a key level of technical support, formed by the 50-day MA. As the safe-haven Yen rises, falling US yields have weighed on the Dollar.

from DailyFX - Market News https://ift.tt/GvzwLM6
via IFTTT

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

from DailyFX - Market News https://ift.tt/ac6gIM7
via IFTTT

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.

from DailyFX - Market News https://ift.tt/jiV2Zyq
via IFTTT

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?

from DailyFX - Market News https://ift.tt/dR7YCcy
via IFTTT

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.

from DailyFX - Market News https://ift.tt/6KTm7y4
via IFTTT