Author: FX

Gold, XAU/USD, US Dollar, Credit Suisse, UBS, AT1, Fed, VIX, GVZ – Talking PointsThe gold price is making new highs while banking instability lingersMarkets could be pivoting toward better quality assets among the turbulenceIf the Fed backs away from its hawkishness, will XAU/USD be boosted? Recommended by Daniel McCarthy How to Trade Gold Gold made a one-year high just shy of US$ 2,010 an ounce overnight as markets continue to digest the impacts of the Credit Suisse – UBS deal and broader concerns for banks with weak balance sheets.The Wall Street cash session saw large-cap banks make notable gains while…

2/2 © Reuters. FILE PHOTO: People attend a demonstration to protest the use by French government of the article 49.3, a special clause in the French Constitution, to push the pensions reform bill through the National Assembly without a vote by lawmakers, in Nantes, Fran 2/2 By Elizabeth Pineau and Layli Foroudi PARIS (Reuters) – Protesters set piles of rubbish on fire in central Paris on Monday after President Emmanuel Macron’s government narrowly survived a no-confidence motion in parliament on Monday over a deeply unpopular pension reform. The failure of the no-confidence vote will be a relief to Macron. Had…

All of the data releases listed in our calendar, below, are for New Zealand. The RBA minutes are, of course, from Australia. The minutes are from the March 7 meeting, when the Bank delivered what was characterised as a ‘dovish hike’ of 25bp/ Dovish because Reserve Bank of Australia Governor Lowe’s statement accompanying the decision diluted guidance on future hikes. While the February and March hikes from the RBA were no brainers the next meeting, April 4, is very much ‘live, with divergent previews already:Since the March meeting we’ve had global banking system turmoil. Six major DM central banks have…

Share: “We are very confident that capital and liquidity positions of the Euro area banks are well in excess of requirements,” European Central Bank (ECB) President Christine Lagarde told  European Parliament’s Committee on Economic and Monetary Affairs on Monday. “Financial tensions might dampen demand, do some of the work that would otherwise be done by monetary policy,” Lagarde further explain and said that without tensions, they would have indicated that further hikes would be needed. Market reaction EUR/USD continues to trade in positive territory above 1.0700 after these comments. Source link

WTI, BRENT PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: UBS Rescues Credit Suisse, Fed Increases Dollar Liquidity, Gold Hits a One-Year HighWTI FUNDAMENTAL OUTLOOKCrude Oil faced renewed selling pressure this morning as recession risks have once again reared their ugly head. WTI printed a low of $64.40 in the European session before a bounce for risk assets dragged oil higher, trading around the $67.00 handle at the time of writing.Last week saw Crude Oil prices drop 13.55%, its largest…

Soluna Holdings to appoint John Belizaire as CEO Source link

Having a bias is as natural as breathing and eating. Personal judgments – reasonable or not – are entrenched in our everyday activities. You use your biases, for example, to pick a restaurant, a potential date, or the school you want to place your child in. In trading, you use your biases to find trade opportunities. You might have read a headline or heard a rumor and decide to look for evidence to support your hypothesis. Add to that a favorable technical setup and presto! A trade idea! Being confident in your biases is also important in risk management. After…

Financial market turmoil dominated the markets last week and remains a hot topic as the various rescue plans are assessed! UBS agreed to buy Credit Suisse in a $3 bln share deal. UBS shares were down 9.6% at 15.46 Swiss francs, while Credit Suisse shares dived nearly 60% to 0.77 francs. The agreement brokered by Swiss officials in a bid to prevent a wider crisis in the banking system includes extensive government guarantees and liquidity provisions. It still means losses for stockholders as well as around $17 bln of AT1 bonds, which will become worthless to ensure that private investors help…

UBS to buy Credit Suisse in a more than $3 bln share deal, pushed into the biggest banking deal in years! The Swiss government will provide more than $9 billion to backstop some losses that UBS may incur by taking over Credit Suisse, while $17.3 billion of the so-called additional tier 1 bonds will be completely written down. Last Thursday, CS also took a $54 billion lifeline from the Swiss National Bank. Credit Suisse’s takeover by UBS marks the end of the bank’s 167 years as an independent institution. Global central banks announce enhanced USD liquidity arrangement. The Fed, the Bank of Canada,…

Divergence trading is probably one of the most underrated technical analysis techniques that many new traders overlook. It is not as popular as a technique as most simplistic trading setups are. However, with the right oscillator indicator and the right parameters, traders could significantly improve their trading accuracy using divergences. Divergences are basically discrepancies in the magnitude of the price swings based on price action compared to the swings based on peaks and troughs on an oscillator. In trading, oscillators are technical indicators which typically indicate momentum by plotting lines or histogram bars that oscillate around a median or within…