VTmarkets

VTmarkets

WASHINGTON: U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show that she had been working with regulators to “design appropriate policies to address...

VTmarkets

The GBP/USD has gone back and forth during the course of the trading week to show signs of hesitation, but we did dip a little bit lower during the week. Because of this, I think that if we break down below the bottom of the candlestick for the week, then it opens up a potential run down to the 1.15 level. To the upside, the 50-Week EMA comes into the picture near...

VTmarkets

EUR/USD 1.0590 target in a 61.8% Fibonacci retracement for the day ahead. On the other hand, a continuation towards 1.0770s could just as easily play out. EUR/USD has opened with a large gap in the open and is trading around 1.0680 after closing on Friday at 1.0639 after a mixed Nonfarm Payrolls report triggered a sell-off in the US Dollar. However, as analysts...

VTmarkets

The Australian dollar is slightly stronger this morning when valued against the Greenback. The Aussie dollar finished the week on a soft note closing at 0.6580 and this saw NZD/AUD back above 0.93. Last week the Australian Dollar fell as the Reserve Bank of Australia (RBA) and Federal Reserve went their separate ways on monetary policy and high beta risk assets...

VTmarkets

The U.S. dollar, as measured by the DXY index, pulled back modestly on Thursday but remained near three-month highs, in a session characterized by wild swings across asset classes and a sharp retreat in U.S. bond yields, ahead of the U.S. nonfarm payrolls report slated to be released Friday morning. The February employment survey is forecast to show a downshift...

VTmarkets

It is another quiet Asian session for the AUD/USD and the NZD/USD. There are no material stats from Australia for investors to consider this morning. The lack of stats will leave investors to dissect Fed Chair Powell’s testimony and today’s US Jobs Report. Another hot US Jobs Report would pressure the Aussie and Kiwi. Following recent forward guidance from the...

VTmarkets

Gold price has slipped to near $1,837.90 after delivering a downside break of the consolidation formed in a narrow range of around $1,844.00. The precious metal has been offered amid escalating geopolitical tensions between the United States and China and the launch of projectiles from North Korea near Japan’s Exclusive Economic Zone (EEZ). Gold price is once...