The four biggest US banks in terms of assets lost $52.4 billion in market value in just one day. Investors started selling shares of JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo on...
Powell Casts Uncertainty Ahead of US Jobs Data
US Jobs Up NextThe main focus for markets today is of course the latest round of US labour data. The unexpected strength in the January NFP, 517k vs 185k expected, along with the unemployment rate...
The Crude Chronicles - Episode 175
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions again last week. Total upside exposure was cut from 243k contracts to...
Markets Look Completely Unprepared for Dovish NFP Report
US equity indices continue to cling to key levels that currently separate the bearish and bullish markets. For the S&P 500 index, this level is 4000 points, around which it has been hovering since...
Powell Causes Fireworks With Hawkish Comments
Volatility ReturnsIf you felt like things had become a little quiet recently the action we saw yesterday will no doubt be welcome. We saw a flood of volatility across the markets yesterday as traders...
Two questions ahead of today’s Powell Testimony
Tuesday at the market was quite calm, despite the potential storm that Powell's testimony in Congress today is supposed to bring. The head of the Fed will have a tough time: back in January, he...
Bitcoin and Silver are on the Rise
Bitcoin is undergoing a correction, approaching the supporting level of 21500. The asset might gain the required support, pull back, and head up. Also, the price of Bitcoin broke the local uptrend....
Precious Metals Monday 06-03-2023
Metals Recovery Continues - For Now Following the heavy declines seen over February, the metals complex has enjoyed a much firmer start to the month in March. Gold and silver have both seen...
EU inflation concerns mount as markets expect aggressive ECB moves
Morgan Stanley has upped their guess for the terminal peak rate of the European Central Bank in its latest central bank policy outlook, forecasting that the key interest rate in the eurozone will go...
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