Abstract:The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
Asian Markets
Asian stocks mostly rose after Wall Street saw bank shares rebound.
European Markets
European markets closed higher as US inflation rates cooled and banks rose 2.5% despite SVB issues.
US Pre-Open Markets
Dow Jones rose after the rebound of bank shares
Commodities
Oil prices bounced back, helped by a stronger OPEC outlook for China.
U.S. Treasury Yield
The 2-year Treasury yields rebounded after their biggest 3-day drop since 1987.
Major Currency Pairs
Dollar rose slightly as the previous shock from the banking crisis recedes.
U.S. financial regulators delivered a strong message to bad actors in the markets, announcing enforcement actions that imposed more than $4 million in penalties in a single day. The coordinated cases targeted three separate firms and individuals involved in fraud and market manipulation, underscoring the commitment of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to protecting investors.
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FXOpen UK reported a notable improvement in its financial performance for 2024, significantly narrowing its annual losses despite only modest revenue growth.
Want to know the concept of pip for a dynamic forex market journey? You have come to the right place! The movement of currency pairs in pips shapes your forex journey to a large extent. If the pip movement goes as per your speculation, you will be in a profitable zone, and vice versa when the movement goes the other way round. So, what are forex pips, and how important are they to your trading journey? Read this to find out.