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05 Apr BirthFXStreet offers live FX rates and charts, news, economic calendar, market analysis and more.
Spain 05 Apr Birth
Americans fleeced again in another round of bank bailouts
Share: Banking is in a league of its own when it comes to government subsidies, special privileges, and bailouts. There isn't a vestige of the free market left when it comes to the country's financial sector. Central control goes way beyond the fact that the Federal Reserve has been fixing the price
AB=CD for Oil?
Share: I have opted for a keep-it-simple approach for oil (WTI) today. As you can see on the daily timeframe, we have been working with a defined downtrend in oil since price chalked up a top at $121.31/bbl in June 2022. Interestingly, the downtrend offered several sell-on-rally scenarios should one
Gold stops for Elliott Wave correction [video]
Share: After strong and deep decline to 1800 back in February, metal is now once again turning bullish as yields are coming down with the USD. We have seen a strong move towards 2k, where the market slowed down, possibly for a new corrective pullback; ideally wave four that is now at first support h
USD/CHF Price Analysis: Bears are lurking at neck line resistance
Share: USD/CHF bulls are tiring at a key resistance level. USD/CHF meets a 50% mean reversion level with 0.9050 now in focus. USD/CHF is down 0.35% after the Swiss National Bank moved forward with a 50bps increase in borrowing costs as expected last week, citing a renewed rise in inflationary pressu
WTI soars above $70.00 on positive sentiment and geopolitical tensions
Share: WTI advances on sentiment, Kurdistan oil exports halt. Investors shrugged off the US banking system woes after First Citizens BankShares acquired Silicon Valley Bank. WTI Price Analysis: Stuck in neutral to the downward trend but could rally to $80.00 once RSI turns bullish. Western Texas Int
Stocks make headway as bank fears ease
Share: After the excitement of last week, things have calmed down, and stocks have made headway this afternoon, says Chris Beauchamp, chief market analyst at online trading platform IG. Bank fears dissipate for now “Last week seemed to point towards renewed volatility thanks to the banking sector’s
FTSE100 rebounds as banking angst eases
Share: Europe As a new week gets underway, we’ve seen a modest easing in the banking sector angst of the last few days, with a much better tone after the sell-off at the end of last week. Most sectors of the markets have seen a modest rebound, helped by events on the other side of the Atlantic as re
Fed's Barr: Prepared to use all tools for any size institution to keep system safe
Share: "We are prepared to use all of our tools for any size institution as needed to keep the system safe," Federal Reserve Vice Chair for Supervision Michael Barr's prepared testimony to Congress reads, as reported by Reuters. Additional takeaways "Banking system is sound and resilient." "Recent a
US: Dallas Fed Manufacturing Index drops to -15.7 in March vs. -10.9 expected
Share: Dallas Fed Manufacturing Index for March missed market expectations. US Dollar Index drops 0.10% on a quiet day. The headline General Business Activity Index of the Federal Reserve Bank of Dallas' Texas Manufacturing Survey declined to -15.7 in March from -13.5 in February. This reading came
Gold Price Forecast: Wild gyrations in rates markets unlikely to spark a change in trend for XAU/USD – TDS
Share: Wild whipsaws in rates markets associated with banking stress newsflow have weighed on Gold prices to start the week. However, the trend for the yellow metal is unchanged, strategists at TD Securities report. Gold has only seen lackluster interest associated with safe-haven buying “Interestin
Cuts aren‘t bullish
Share: S&P 500 reversed, but the upswing teemed with non-confirmations and oddities, the common denominator being strong market pressure on Powell to give up further tightening and actually cut rates soon, perhaps strengthened by the Yellen behind closed doors banking meeting, which didn‘t bring
USD/JPY outlook: Recovery gains pace but strong obstacles lay ahead
Share: USD/JPY The USDJPY bounces on Monday after Friday’s action left long-tailed Doji, with short-lived dip below psychological 130 support signaling a bear-trap and forming reversal pattern on daily chart. Initial signal of direction change still needs more evidence, with break of daily cloud bas
Oil pops up
Share: WTI oil is back above $70 on Monday, having gained more than 2% since the start of the day. Today's short-term impulse is a halt in exports from Iraqi Kurdistan via Turkey. The latter move could be part of a broader oil recovery after being extensively oversold. Oil started last week with a f
AUD/USD – Australian Dollar stems slide, Retail Sales next
Share: The Australian dollar is slightly lower on Monday, trading at 0.6635 in Europe. AUD/USD is coming off a disappointing week, with losses of close to 1%, as risk aversion remains high. The banking crisis may have eased, but there are fresh worries, such as a credit crunch. Australia releases re
ECB's Centeno: Wage increases still compatible with monetary policy
Share: European Central Bank (ECB) policymaker Mario Centeno said on Monday that the wage increase in the Eurozone is still compatible with the monetary policy and added that they are not observing and second round effect on wage-setting, as reported by Reuters. "We haven't seen a deanchoring inflat
Pull-up Update
