Latest Market News

Gold Rally Continues on Risk Aversion It’s been a bumper start to the week for gold and silver with both metals enjoying firm demand across early European trading on Monday. Gold prices are trading at fresh highs for the year as the rally continues to log gains amidst on going market turmoil and investor uncertainty.  […]

The Australian dollar in pair with the US dollar on Tuesday is retreating. The current quote is 0.6686. The minutes of the meeting of the Reserve Bank of Australia published today mention that the country’s monetary policy has got in some kind of a dead-end. The interest rate is currently quite restrained, while the economic […]

XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Shooting Star reversal pattern. Currently, the instrument might go by the reversal signal in a descending wave. The target of the decline might be 1960.00. Upon testing the support level, the pair might push off it and continue the uptrend. However, the quotes […]

Daily Market Outlook, March 21, 2023 Banking Concerns Calmed, As US Considers Backstopping All Deposits Asian equity markets took Wall Street’s lead, with most markets printing gains given the retreat in market fears around the banking sector as investors digested Credit Suisse’s emergency acquisition by UBS and fresh optimism that FDIC’s deposit insurance amount could […]

At the beginning of this week, two events that occurred over the weekend were in the focus of the market. The first was the news of Credit Suisse being acquired by another Swiss bank, UBS, with the involvement of the government through guarantees. This gives the markets some respite as the chances of new surprises […]

EURUSD starts the week quite reservedly. The current quote is 1.0670. It seems that for a few days, we have been hearing of just the US and EU statistics and nothing else. The flow of this news is so strong that investors fail to take account of everything. The final CPI in the Eurozone in […]