Here is one side of the argument: The reality is that the Fed and Treasury have a magic bullet here. They can back up the deposits and with the ‘held to maturity’ problem, they could exchange those bonds for cash and take them on their balance sheet in a kind of mini-QE. If either of
Month: March 2023
Gold closed with a gain of nearly 0.70% in the week gone by, erasing steep losses made on Federal Reserve Chair Powell’s hawkish testimony. It ended the week at $1867.24. Gold gained on worries about the US banks as Silicon Valley Bank defaulted, which led to spillover concerns. Some softer than expected data in the
Last week, investors were caught off guard by a series of surprises. However, the largest bank failure in the US since 2008 proved to be the most overwhelming for them. The risks of contagion from Silicon Valley Bank appeared to outweigh concerns about higher interest rates, inflation, and recession. Consequently, traders sought safety, resulting in
It seemed like only yesterday that markets were sure that a tougher Federal Reserve was going to raise its benchmark interest rate a half percentage point at its meeting in less than two weeks. That’s because it, in fact, was yesterday. On Thursday, traders in the futures market were almost certain the Fed would take
Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped nearly 5% after the enterprise tech giant reported its financial results for its 2023 fiscal third quarter. Here’s how the company
Share: USD/CHF extended its drop past the 20/50-day EMAs after facing resistance at the 200-day EMA. USD/CHF Price Forecast: Shifted bearish, though needs to crack 0.9130s to test YTD lows. USD/CHF falls below the confluence of the 20 and 50-day Exponential Moving Averages (EMAs), extending its daily losses to more than 1% Friday. A mixed
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My VIP ROOM with Free Copy Trader 👉 https://bit.ly/FRNVIP In this episode, I will discuss 10 YEAR+ Best New York Session Forex Trading Strategy. From the dawn of time, I have been using the best New York session Forex Trading strategy. I haven’t shared it with anyone I am the king of New York. Dawn
EURUSD continues to trend lower The EURUSD has a 148 pip trading range now. That is well above the 22 day average of 80 pips (about a month of trading). Technically, the price cracked below both the 200 hour MA and trend line support at 1.0613 soon after the Fed Chair prepared remarks. There was
Reserve Bank of Australia Governor Lowe earlier: Q&A now, Lowe adding more useful info: we will have an open mind at policy meetings if the data suggest a pause prior to the next meeting, we will do that Lowe has pointed out that the data on jobs, retail spending, business surveys, along with PCI, are
A panel of judges heard oral arguments in the Grayscale Investments suit against the United States Securities and Trade Commission (SEC) on March 7. Grayscale is challenging the SEC order not to approve Grayscale’s application to create a Bitcoin (BTC) spot exchange-traded fund (ETF). The SEC issued its order on July 6, 2022. Former solicitor
Gold prices rose marginally on Tuesday as investors awaited Congressional testimony by U.S. Federal Reserve Chair Jerome Powell and monthly jobs data, both of which could influence the interest rate policy. Spot gold was up 0.1% at $1,847.81 per ounce, as of 0344 GMT. U.S. gold futures eased 0.1% to $1,853.20. Higher interest rates to
Dollar is gaining strength across the board as markets prepare for Fed Chair Jerome Powell’s semi-annual testimony in Congress. Powell’s views on the disinflationary process are expected to be a key focus, with traders also hoping for hints on the size of the upcoming rate hike and the outlook for the terminal rate. Quick update:
A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China’s National People’s Congress on Sunday, March 5, 2023. Future Publishing | Future Publishing | Getty Images China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Tuesday reported holiday-quarter results that beat Wall Street’s expectations, citing a sales boost from the gift-giving season even with
Share: GBP/USD has taken a sigh of relief after a nosedive move near 1.1825, more downside looks inevitable. Fed Powell’s extremely hawkish remarks on interest rate guidance have spooked market sentiment. A breakdown of crucial support after a Double Top formation has confirmed a bearish reversal. The GBP/USD pair has turned sideways around 1.1825 in
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