On Friday (March 17), in Asian session, spot gold rose in oscillations and is currently trading around 1931.75 US dollars per ounce, although the US dollar index has slightly declined, providing momentum for gold prices to rise. However, large American banks have injected $30 billion into First Republic Bank to rescue the Bank of First Republic, which has been caught in the recent financial turmoil. The Swiss Central Bank has also offered $54 billion in life-saving assistance to Credit Suisse.
U.S. stocks extended gains in the afternoon session yesterday on reports that major banks are in talks to bolster First Republic Bank sparking a rebound in shares of embattled regional lenders. Treasuries fell after the European Central Bank delivered a rate hike that added to bets the U.S. central bank will also raise next week.
Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices.
USD/JPY meets with a fresh supply on Friday and is weighed down by reviving demand for the JPY.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world.
Last night, despite the bank crisis, the European Central Bank continued to raise interest rates by 50 basis points as scheduled, sparking speculation about the Fed's movements next week. The dollar index once soared to 104.76, closing 0.19% lower at 104.47. US bond yields rose, with 10-year US bond yields hitting a new six-week low in the session to around 3.37%, rebounding nearly 10 basis points, rising from 3.45% to 3.58% within the day; The yield on two-year US Treasuries, which are more sen
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-03-17
Given the highly fluctuating and unpredictable market, especially for beginners, we will focus on handling that while also providing other important knowledge here. Here is a guide that can help you become a successful forex trader:
On Thursday (March 16), during the Asian session, the spot gold fluctuated and was currently trading at around 1918.34 US dollars/ounce. Although the Swiss regulatory authority promised to provide liquidity assistance to Credit Suisse, the risk aversion sentiment lingered. Moreover, the market's expectation of a 50 basis point interest rate increase by the European Central Bank in the evening has dropped to 25 basis points, even maintaining the current interest rate unchanged; The market's expec
The USD/JPY pair has been failing to hold to its gains, and it's been trading beneath its opening price by around 0.33% after hitting a daily high of 128.88. Credit Suisse's 2022 annual report was published on Tuesday and it cited "material weaknesses" in its internal controls over financial reporting, noting that it had not yet stemmed customer outflows. This has provoked a flight to safety in financial markets, massaging the downside in USD/JPY.
Fundamental analysis is a method of determining a stock's real or "fair market" value.
Last night, US inflation unexpectedly showed signs of cooling down. The PPI data unexpectedly fell 0.1% month-on-month, and the year-on-year growth slowed from 5.7% to 4.6%. The "terrorist data" also dropped sharply. However, due to the market's fear that Credit Suisse would trigger the European banking crisis, the safe-haven market flooded into the US dollar, and the US dollar index once broke the 105 mark in the intraday, closing up 1.01% at 104.77.
Asian stocks crept higher on Monday as markets gauged the potential fallout from a banking crisis in the U.S., while Chinese indexes outperformed as the government promised more support for the economy.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
The Gold vs Crypto debate has been a hot topic among investors and traders ever since the concept of digital currency gained considerable transactions in the 2010s. While it is a good idea to diversify your trading portfolio, choosing between Gold vs Crypto can be challenging. However, regardless of which trading type you choose, it's important to ensure you're putting your eggs in the right basket.
The Japanese Yen's strength from the last quarter of 2022 has found an interim bottom at the beginning of the new yea.
Base metals are common metals that tarnish, oxidize, or corrode relatively quickly when exposed to air or moisture. They can be contrasted with precious metals and are widely used in commercial and industrial applications, such as construction and manufacturing.
Supply, demand, interest rates, and investor behavior are key drivers of gold prices. Gold is often, but mistakenly, used to hedge inflation under the belief that gold will appreciate and offset inflationary pressures.