had begun with another bank failure, fourth in two months First Republic Bank (FRC) was taken over by the FDIC, after which the assets were bought by c. B. Morgan Chase. became frc The second largest bank in US history to be listed, Shameful grabbing that mantle from SVB. Morgan Stanley plans to Cut 3,000 jobs Due to the slowdown in closing deals by the end of June. The Reserve Bank of Australia raised the cash rate by 25 basis points to 3.850%.much to the surprise of many forecasters who had predicted a third straight shutdown.
Treasury returns It closed sharply higher on inflation data, rebounding Fed concerns, a massive corporate calendar, and upward revisions to borrowing estimates in the second quarter. The US manufacturing sector is entering its longest contraction since 2009. Stock markets remain choppy in search of direction.
- FX – USD kick 102.03 in the morning but it has now turned to a low level. US dollar / Japanese yen Continue to extend gains for a fourth day 137.70, Amidst uncertainty in the market.
- Stores – the United States 30 lost -0.14% while 500 USD And US 100 The decrease was -0.04% and -0.11%, respectively. Nikkei and Hang Seng indices posted slight gains. #Amazon -3.22%, #tesla -1.35%, #JPM +2.14%, #meta +1.19%.
- Goods – USOil fancy to $74.35 Weak economic data from China and expectations of an increase in US interest rates weigh on the market.
- gold – in 1983 dollars After falling to 1979 dollars from 2007 dollars yesterday.
- Digital currencies – BTC down to $2774.
The largest forex engine @ (06:30 GMT) honor (+1.09%) rose by more than 85 pips over the past two hours. The moving averages keep rising, the MACD histogram and the signal line are going upStochastic at 95 and points higher, all indicate more positive bias in the near term.
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Andrea Pechedy
Market analyst
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