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 Read More
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. Read More
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. Read More
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. Read More
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? Read More
Australian Dollar Edges North after Solid Jobs Data. Where to for AUD/USD?
The Australian Dollar was slightly boosted by better-than-anticipated employment data today. It comes against a backdrop of uncertainty that has seen the US Dollar wreak havoc on AUD/USD. Read More
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. Read More
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. Read More
UK Spring Statement: Hunt, OBR Forecast the UK Will Avoid a Recession
Jeremy Hunt extended the energy cap for 3 months while boosting investment incentives and labour supply. Corporate tax incentives offered to counter tax rise Read More
S&P 500 Dives as Banking Stress Triggers Market Tremors, Dollar Up on Haven Demand
The S&P 500 sinks as the US banking crisis spreads across the Atlantic, weighing on sentiment. Meanwhile, defensive assets rally on haven demand, with the US dollar up against most of its peers. Read More