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Dollar Index Climbs, US Bond Yields Steady; JPY Outperforms

Dollar Index Climbs, US Bond Yields Steady; JPY Outperforms

The Euro (EUR/USD) slid 0.78% to 1.0760 (1.0837) as European bank stocks saw a sharp decline. Growing concerns over the possibility of default, stemming from the SVB crisis weighed on sentiment. Wall Street stocks though rallied at the close with the DOW edging up 0.25% to 32,257.
ACY Securities | hace 879
Overview of US Session last Friday

Overview of US Session last Friday

The mood was poor at the opening of North American trade, as concerns about banks, particularly Deutsche Bank, hung over the market. Regional US stocks were also under pressure, while bonds were in high demand. As a result, as US 2-year rates touched post-SVB lows, traders sought safe havens in the US dollar and yen.
ACY Securities | hace 879
AUD Overview

AUD Overview

I believe that the RBA has finished increasing interest rates, at least for now. Based on my analysis, I predict that the RBA will hold the cash rate at 3.60% for several quarters after pausing in April.
ACY Securities | hace 879
Is Deutsche Bank Next?

Is Deutsche Bank Next?

Deutsche Bank has fallen 30% in the past few weeks. It collapsed sharply on Friday, and the Chancellor has had to reassure investors over the weekend that it is a strong bank.
ACY Securities | hace 879
The New World of Too Big to Fail

The New World of Too Big to Fail

It’s a personal decision. Janet Yellen’s personal decision. We look at the impact on Regional Banks and the Stock market over the coming weeks. Japan and Australian data worries too.
ACY Securities | hace 882
USD, EUR and GBP

USD, EUR and GBP

Yesterday, it seemed to me that Jerome Powell may have been inspired by the well-known verse “a spoonful of sugar helps the medicine go down.” He and his FOMC colleagues provided markets with a few dovish hints while also delivering a potentially painful 25bp rate hike.
ACY Securities | hace 882
March flash PMIs in the Spotlight

March flash PMIs in the Spotlight

Asian markets fell on renewed banking sector concerns. UK data showed improved consumer confidence and retail sales. Preliminary flash PMIs in UK, Eurozone and US will be watched for signs of growth. BoE raised interest rates by 25bp to 4.25% but signaled the possibility of further hikes. Sterling fluctuated and euro fell against the dollar.
Moneta Markets | hace 882
Canada CPI

Canada CPI

CPI rose by 0.4% m-o-m in February. The consensus was for a rise of 0.5%. In the month, the main upward contributors to the monthly change in prices were telephone services, mortgage interest costs, rent, women’s clothing, and non-electric utensils.
ACY Securities | hace 883
UK inflation unexpectedly rises for first time in four months

UK inflation unexpectedly rises for first time in four months

UK inflation rose unexpectedly to 10.4% in February, its first increase in four months. The US Federal Reserve's monetary policy update is expected to reveal interest rate decisions amid uncertainty. Asian equity markets gained, while global bond yields increased. Stronger UK inflation data raises the odds of another UK interest rate hike on Thursday.
Moneta Markets | hace 883