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? Read More
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. Will WTI recover? Read More
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. Read More
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 Read More
<p>eToro, an Israel-based social trading network, has reduced the amount of <a href=”https://www.financemagnates.com/terms/l/leverage/” class=”terms__main-term” id=”df61d302-43af-41c3-a06a-e37426a0c2c0″ target=”_blank”>leverage</a> permitted on new trading positions in the banking sector to a maximum of X1. The online trading platform disclosed this on Tuesday in a notice sent to its clients, citing “current situation.”</p><p>The update comes days after <a href=”https://www.financemagnates.com/cryptocurrency/svb-crisis-circle-escapes-usdc-depeg-with-regulatory-assurance/” target=”_blank” rel=”follow”>the collapse of Silicon Valley […]
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. Read More
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. Read More
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. Read More