The U.S. dollar slumps on Monday as Treasury yields extend their decline amid fears that the U.S. banking system turmoil could become systemic and trigger a financial crisis. Read More
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. Read More
The Federal Reserve moved to restore confidence in the banking sector, launching a lending facility to inject liquidity in the system following SVB’s collapse. Is the S&P 500 safe? Read More
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. Read More
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. Read More
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. Read More
The gold price clambered higher after the US Dollar took a hit with Treasury yields crumbling on the conjecture that the Fed will not need to be so hawkish. Will lower yields augment gold? Read More
The US Dollar skipped lower on Monday with concerns around the impact of SVB and Signature Bank collapses lingering despite authorities taking aggressive steps to achieve stability. Read More
The Dow Jones and S&P 500 tumbled as US bank sector woes triggered rising fears of a recession, cutting back Fed rate hike bets. Gold prices soared as Treasury yields dropped. Ahead, eyes are on US CPI and the ECB rate decision. Read More