Forecasts & Analysis
Hang Seng Index, ASX200, Nikkei 225: Hang Seng Leads the Recovery
It was a bullish morning for the Asian markets. Easing fears of a global banking crisis and market bets of a less hawkish Fed delivered support.
USD/JPY Bears Target Sub-132.500 on Fed Policy Sentiment Shift
It is a quiet day for the USD/JPY. Easing bets of a 50-basis point Fed rate hike and receding SVM contagion risk are negative forces for the dollar.
XRP Bulls to Target $0.38 on Easing Bank Contagion Jitters and Fed Bets
It was a bullish Thursday, with XRP tracking the broader crypto market into positive territory. Easing SVB contagion fears should support further gains.
BTC Eyes a Return to $26,000 on Easing Fed Fear and Bank Contagion
Following a bullish Thursday session, BTC was in the red this morning. However, easing Fed Fear and receding bank contagion risk should deliver further support.
AUD/USD and NZD/USD Fundamental Analysis: Risk On
It was a quiet morning for the AUD/USD and NZD/USD. Easing bets of a 50-basis point Fed rate hike and receding bank contagion are bullish signals.
Market Participants Laser-focused on Next Week’s FOMC Meeting
On Tuesday of next week, the Federal Reserve will hold its second Open Market Committee meeting of the year.
US Natural Gas Futures Rise as Utilities Draw Less Gas from Storage
US natural gas futures rose, but gains were limited as utilities used less gas from storage for heating after forecasts of less cold weather.
US Dollar Index Falls as Euro Rises on ECB Rate Hike, Market Predicts Fed to Follow Suit
The US Dollar Index fell on Thursday after the ECB’s rate hike and amid expectations of a Fed rate increase.
Gold Prices Remain Close to 1-1/2 Month Peak Despite Ongoing Banking Crisis Concerns
Despite banking crisis concerns, gold prices are near 1-1/2 month peak as investors seek safe-haven assets. Fed’s expected rate hike may impact it.
Crude Oil Prices Rebound by 1% after Saudi Arabia and Russia Discuss Market Stability
Crude oil prices bounced back on Thursday, after reports that Saudi Arabia and Russia had a meeting to discuss ways of enhancing market stability.