March 24 2023 🕓 3 min
USD/JPY plunges toward 130; more losses likely
The bearish pressure is expected to continue as there is little support for the USD at the moment.
American Stocks
September 26 2021
At the end of the week, US stocks closed in various ways. The growth trend concerned energy and financial companies. But on the contrary, Nike weakened due to a worsening forecast of sales and also companies connected to cryptocurrencies.
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March 21 2023
FRC gains 30% amid banking mayhem
After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.
March 20 2023
EU stock indices rise over 1% 📈
The European stock indices rose despite the ongoing fears of more bank collapses. DAX jumped 1.1%, slowly heading back to 15,000, and STOXX is up 1.4%.
March 17 2023
The European stock market digested inflation data negatively. This sent DAX 40, EU 50, and other EU stock indices approximately 2% lower on Friday.
March 17 2023
SVB Financial Group files for bankruptcy
To facilitate the sale of its assets, SVB Financial Group has filed for Chapter 11 bankruptcy protection. This comes days after the US government seized its subsidiary, Silicon Valley Bank.
March 13 2023
US regional bank stocks tank 🚨
1. Western Alliance $WAL: -82%
2. First Republic $FRC: -78%
3. PacWest $PACW: -54%
4. Comerica $CMA: -43%
5. Zions Bancorp $ZION: -32%
6. Fifth Third $FITB: -23%
March 13 2023
First Republic Bank tumbles 64% 📉
The fear spread to First Republic Bank, whose stock dropped over 64% pre-market. The stock fell to the lowest level in 11 years. It poses a risk as another potential bank failure.
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March 23 2023
The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.
March 23 2023
BoE lifts interest rates again
The Bank of England lifted the UK’s interest rates by 25 bps, the eleventh rate hike in a row. The interest rates were increased from 4% to 4.25%, reaching 15-year highs, with the aim of bringing inflation down.
March 23 2023
Trading platform eToro raised $250 million in an advanced investment agreement, topping the company’s valuation at $3.5 billion. ION Group, Social Leverage, SoftBank, and other major industry players invested in eToro in the recent deal.
March 23 2023
SNB raises interest rates to 1.5%
The Swiss National Bank joined the Fed with another rate hike of 50 bps. The interest rates were increased from 1% to 1.5%, the highest since 2008. The central bank suggested more rate hikes could occur this year.
March 23 2023
SEC’s fight with crypto intensifies
The SEC filed a new lawsuit against Jake Paul, citing crypto promotions without disclosing the payment he received for the promotion. Justin Sun is being sued for fraud and market manipulation. The SEC alleges unregistered sales of securities (TRX and BitTorrent). Moreover, Coinbase received a Wells Notice focused on staking and asset listing.
March 23 2023
EUR/USD rose above 1.0900 after the Fed raised interest rates, the highest since early February. Another Fed’s rate hike of 25bps was delivered, but the US dollar weakened all around the place.
News
March 23 2023 🕓 3 min
Mixed messages after the Fed – markets are in a waiting mode
The US market turned green across the board as volatility makes for a roller coaster trading.
March 23 2023 🕓 3 min
Natural gas lifted after EIA data – is gas dead?
The fresh EIA storage data lifted the price of natural gas, however nothing ground-breaking happened. Will we see a rise ever again?
March 23 2023 🕓 2 min
FTSE struggles after BoE hike – future movement uncertain
Another rate hike seems to have disrupted the short-term bullish trend in the FTSE index.