News and Analysis

The U.S. dollar weakened widely at the start of the week amid positive market sentiment and reduced demand for haven positions, boosting high-beta currencies such as the euro and British pound.

Gold prices fall sharply on Monday, undermined by rising U.S. Treasury yields and improving market sentiment on the prospect of more U.S. support for the banking system.

The week started with good news for the banking sector which elevated risk appetite. Anticipated rate cuts in 2023 supports tech stocks, highlighting outperformance

The US dollar is unchanged to start the US session after US bank First Citizen steps in to buy failed lender Silicon Valley Bank

Crude oil has extended last week’s gains, pushing prices toward technical resistance. As bank jitters ease, oil has received a positive boost in sentiment.

A range of asset classes open the week with a mild risk-on bid after a takeover of failed lender SVB boosts market sentiment

The US Dollar made modest gains on the Japanese Yen but the Charts don’t look great for Dollar Bulls

Spot Gold continued to decline in European trade as sentiment shows modest improvement. Key risks still in play and could drive gold prices in the early part of the week.

The US Dollar dipped today as markets take stock of where the banking crisis is headed and Treasury yields search for direction. Will the USD reclaim the ascendency?

The U.S. dollar is likely to come under selling pressure in the near term as markets price in rate cuts following the Fed's decision to abandon its hawkish guidance in favor of financial stability.