Category: Market Analysis

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23 Mar 2023

Thursday 23rd March 2023:  Fed Hike and Yellen’s Comments on Deposit Insurance Trigger Sell-off in Asian Markets

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Global Markets: Asian Stock Markets : Nikkei down 0.05%, Shanghai Composite up 0.29%, Hang Seng up 1.48%, ASX down 0.67% Commodities : Gold at $1979.70 (+1.54%), Silver at $23.12 (+1.47%), Brent Oil at $76.00 (-0.90%), WTI Oil at $70.16 (-1.04%) Rates : US 10-year yield at 3.447, UK 10-year yield at 3.483, Germany 10-year yield … Continue reading Thursday 23rd March 2023:  Fed Hike and Yellen’s Comments on Deposit Insurance Trigger Sell-off in Asian Markets

23 Mar 2023

Thursday 23rd March 2023: Technical Outlook and Review

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The XAU/USD chart shows a bullish momentum, and price could potentially continue to rise towards the 1st resistance level at 2007.00, which is a swing high resistance level.

The 1st support level at 1957.00 is a strong overlap support level, which could provide a bounce if price were to drop.

22 Mar 2023

Wednesday 22nd March 2023: Higher interest rates loom as Asian stocks rally

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Global Markets: Asian Stock Markets : Nikkei up 1.93%, Shanghai Composite up 0.31%, Hang Seng up 1.70%, ASX up 0.87% Commodities : Gold at $1947.60 (+0.33%), Silver at $22.55 (+0.54%), Brent Oil at $74.89 (-0.57%), WTI Oil at $69.19 (-0.69%) Rates : US 10-year yield at 3.579, UK 10-year yield at 3.484, Germany 10-year yield … Continue reading Wednesday 22nd March 2023: Higher interest rates loom as Asian stocks rally

22 Mar 2023

IC Markets Europe Fundamental Forecast | 22 March 2023

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IC Markets Europe Fundamental Forecast | 22 March 2023 What happened in the Asian session? As expected, the data-light session saw consolidation from the recent recovery rallies on risk assets. On the data front, the Australian MI Leading Index m/m has decreased by 0.1%, the same as the previous data release. This indicates a slight … Continue reading IC Markets Europe Fundamental Forecast | 22 March 2023