Monday 20th March 2023: UBS-Credit Suisse deal fails to lift Asian markets amid contagion fears
Asian markets fell on Monday despite a weekend rescue deal for Credit Suisse and a coordinated effort by central banks to ease liquidity strains in the global banking system. Investors remained wary of the potential fallout from the collapse of Silicon Valley Bank, which has triggered a confidence crisis in the financial sector.
Monday 20th March 2023: Technical Outlook and Review
Gold prices have been under bearish pressure for quite some time now, and the overall momentum of the XAU/USD chart remains bearish. There are several factors contributing to this bearishness, such as the downtrend being reinforced by a major descending trend line.
IC Markets Asia Fundamental Forecast | 20 March 2023
IC Markets Asia Fundamental Forecast | 20 March 2023 What happened […]
IC Markets Europe Fundamental Forecast | 20 March 2023
IC Markets Europe Fundamental Forecast | 20 March 2023 What happened […]
Friday 17th March 2023:Asian Markets rebound as global bank crisis fears ease
Global Markets: News & Data: Markets Update: Asian stock markets rose […]
IC Markets Europe Fundamental Forecast | 17 March 2023
IC Markets Europe Fundamental Forecast | 17 March 2023 What happened […]
Friday 17th March 2023: Technical Outlook and Review
XAU/USD is currently bullish. The chart analysis identifies that the price may potentially make a bullish continuation towards the 1st resistance level. The 1st support level is identified at 1913, which is considered to be an overlap support and at the 23.60% Fibonacci retracement level.
IC Markets Asia Fundamental Forecast | 17 March 2023
What happened in the US session? The ECB has signalled its […]
IC Markets Europe Fundamental Forecast | 16 March 2023
What happened in the Asian session? BoE officials discussed the potential […]
