Author: FX

It is not only the Fed this time but also the US Banks and more precisely the SVB Financial Group SIVB which drifted by -60.41% yesterday. Shares of SVB, the parent of Silicon Valley Bank, disclosed the loss and sought to raise $2.25 billion in fresh capital by selling new shares. The 4 biggest US banks lost $47 bln in Market Value! (BoA, Citi, JP Morgan, Wells Fargo). Jobless Claims unexpectedly ticked up. Germany February final CPI remains sticky at +8.7% vs +8.7% y/y prelim. UK January monthly GDP +0.3% vs +0.1% m/m expected. Overnight: BoJ left policy unchanged, as universally anticipated,…

Share: Open interest in gold futures markets shrank by nearly 4K contracts for the first time since February 28 on Thursday according to preliminary readings from CME Group. Volume, instead, kept the choppy performance well in place and went up by around 28.4K contracts. Gold: Solid support remains near $1800 Thursday’s marked uptick in gold prices came on the back of shrinking open interest, which warns against the continuation of the rebound in the very near term. In the meantime, the precious metal remains well supported around the key $1800 region per ounce troy, where also converge the…

Looking for more dollar trades today? I gotchu! USD/CHF is testing a major area of interest while spot silver (XAG/USD) looks set for a breakout. What do you think of these charts? USD/CHF 1-hour Forex Chart by TradingView I don’t know if you’ve noticed but USD/CHF has been trading inside a 145-pip range since late February. Range playas have another chance to play the pattern today as USD/CHF hangs out at the .9290 range support. After all, the level hasn’t been broken all month AND Stochastic is sending “oversold” vibes on the 1-hour time frame. Buying at current levels would…

It’s non-farm payrolls (NFP) Friday so you know we gotta check out the U.S. dollar! Today we’re taking a closer look at the U.S. dollar index (DXY). Are you seeing the trend pullback that I’m seeing? U.S. Dollar Index (DXY): 1-hour U.S. Dollar Index (DXY) 1-Hour Forex Chart by TradingView In case you were too busy minding your stocks or crypto trades, you should know that the U.S. dollar is having a killer week after Fed Chairman Powell all but said that the Fed gang is eyeing higher interest rates than what markets have already priced in AND that they…

The Japanese yen fell sharply against the US dollar on Friday after the Bank of Japan left interest rates unchanged and maintained its current bond-yield curve control policy settings.In his last meeting as the BOJ Governor Haruhiko Kuroda left policy settings steady, in line with expectations, given the Japanese central bank adjusted the yield band as recently as December. Incoming BOJ Governor Kazuo Ueda has said the central bank must maintain its current ultra-easy policy for now until there are signs that inflation has sustained above BOJ’s 2% target.USD/JPY 5-minute ChartChart Created Using TradingViewUeda has attempted to cool speculation of…

Grafner/iStock via Getty Images Update 9:05pm: Updates with Stratasys comment. Nano Dimension (NASDAQ:NNDM) offered to acquire rival 3D printer maker Stratasys (NASDAQ:SSYS) for $18 a share in cash. Stratasys surged 14% in after hours trading. Nano Dimension fell 6.5%. Nano Dimension (NNDM) has held “constructive, informal” talks with the Stratasys (SSYS) regarding the non-binding offer and the merits of a combination, according to a statement. NNDM said in a letter to SSYS’s board that it’s prepared to complete due diligence and negotiate a definite agreement within 30 days. Stratasys (SSYS) confirmed that it received the unsolicited bid and said its…

© Reuters. A general view of a trailer loaded with vehicles to send to Ukraine, which were confiscated from drunk drivers, in Riga, Latvia March 8, 2023. REUTERS/Janis Laizans By Andrius Sytas RIGA (Reuters) – Latvia began seizing cars from heavily drunk drivers this year, and as hundreds of vehicles began overfilling impound lots, decided to send them to Ukrainian military and hospitals. Seven cars were driven in a snowstorm onto a trailer and out of a state impound lot on Wednesday, destined for Ukraine. Two hundred cars were taken from drivers found with blood alcohol levels over 0.15% in…

<ul><li><a href="https://www.forexlive.com/news/us-weekly-initial-jobless-claims-211k-vs-195k-expected-20230309/">US weekly initial jobless claims 211K vs 195K expected</a></li><li><a href="https://www.forexlive.com/centralbank/bank-of-canadas-rogers-need-to-see-more-evidence-to-fully-assess-if-rates-high-enough-20230309/">Bank of Canada's Rogers: Need to see more evidence to fully assess if rates high enough</a></li><li><a href="https://www.forexlive.com/centralbank/bocs-rogers-falling-canadian-dollar-would-put-upwards-pressure-on-inflation-20230309/">BOC's Rogers: Falling Canadian dollar would put upwards pressure on inflation</a></li><li><a href="https://www.forexlive.com/news/preview-february-non-farm-payrolls-by-the-numbers-20230309/">Preview: February non-farm payrolls by the numbers</a></li><li><a href="https://www.forexlive.com/news/us-treasury-auctions-off-18-billion-of-30-year-bonds-at-a-high-yield-of-3877-20230309/">US treasury auctions off $18 billion of 30 year bonds at a high yield of 3.877%</a></li><li><a href="https://www.forexlive.com/centralbank/household-net-worth-increased-by-29-trillion-in-4q-20230309/">Household net worth increased by $2.9 trillion in 4Q</a></li><li><a href="https://www.forexlive.com/news/us-mortgage-rates-continue-to-tick-up-rising-to-673-from-665-prior-20230309/">US mortgage rates continue to tick up, rising to 6.73% from 6.65% prior</a></li><li><a href="https://www.forexlive.com/Cryptocurrency/feds-barr-crypto-still-potentially-transformative-but-needs-appropriate-guardrails-20230309/">Fed's Barr: Crypto still potentially transformative but needs appropriate guardrails</a></li></ul><p>Markets:</p><ul><li>Gold up $17 to $1830</li><li>US 10-year yields down 7…

Share: Bank of Canada Senior Deputy Governor Carolyn Rogers said on Thursday they are looking for more evidence that the current interest rate levels are high enough. In a prepared speech to be delivered at the Manitoba Chambers of Commerce approximately at 18:55 GMT, she talks “about the factors behind high inflation and how we know inflation is falling.” Key takeaways “Yesterday, we decided to leave the policy rate at its current level of 4.50%. We also continued our policy of quantitative tightening.” “It’s a conditional pause, though. If economic developments unfold as we projected and inflation comes…

USD/JPY Analysis Recommended by Richard Snow Get Your Free JPY Forecast Final BoJ Meeting for Outgoing Kuroda, NFP and Average Hourly EarningsHaruhiko Kuroda will preside over his final Bank of Japan policy meeting tomorrow after the Japan’s lower house approved the nomination of Kazuo Ueda. Ueda is expected to be approved by the upper house tomorrow and will chair his first policy meeting at the end of April.After initially hawkish comments, Ueda has been seen to backtrack on indications that the status quo will be changed soon after his appointment. He has however mentioned that a change in policy will…