US Open: Stocks rise post Fed, US jobless claims fall
Stocks edge higher after steep losses yesterday. Banks recovery from Yellen's comments and US jobless claims unexpectedly fall.
Two Trades to Watch: GBP/USD, Gold
GBP/USD rises ahead of BoE rate decision. Gold rises post Fed and looks to jobless claims.
US Open: Futures flat ahead of the Fed rate decision
Stocks point to a flat open as investors wait cautiously for the Fed rate decision. A 25 bps hike is priced in as the Fed balance fighting inflation with stresses in the banking sector.
Two Trades to Watch: FTSE, USD/JPY
FTSE falls after hot UK inflation. USD/JPY tests the 50 sma resistance ahead of the Fed rate decision.
US Open: Stocks extend gains as banking crisis fears subside
Stocks are rising further on hopes that a line has been drawn under the banking crisis, for now. Even US regional lenders are rising.
Two Trades to Watch: EUR/USD, USD/CAD
EUR/USD stays above 1.07 ahead of German ZEW economic sentiment data. USD/CAD rises ahead of Canada inflation data.
US Open: Futures steady after central bank support
Futures reverse earlier losses and point to a flat open as investors weigh up central bank support and UBS buying Credit Suisse. Regional US banks are remain in focus.
US Open: Stocks slip but are set for a strong weekly gain
Stocks pare yesterday's rally after big US banks prop up First Republic Bank. Nasdaq is set to gain over 5% this week. US Michigan confidence is due shortly.
Two Trades to Watch: Gold, DAX
Gold rises ahead of Michigan consumer confidence. DAX rises but is set for a steep weekly loss after a chaotic week in the markets .
US Open: Stocks fall as banking jitters remain
Regional banking jitters remain despite Credit Suisse's lifeline.