The Eurozone March flash CPI estimate just came in at +6.9% y/y (+7.1% expected). Lower-than-expected headline inflation didn’t create much of a reaction in EURUSD as core inflation came in…

Yesterday all the US equity indices rallied. The move higher was supported by a decrease in global banking worries. The S&P 500 added 1.4%, while the Dow Jones Industrial Average…

The macroeconomic data released yesterday was mixed with the January Case-Shiller home price index declining and the March consumer-confidence survey indicating better than expected mood among the consuming public. At…

The DJ continued to edge higher yesterday. The bullish move was supported by a deal in which First Citizens bank agreed to buy a stake in Silicon Valley Bank. Equities…

Deutsche bank worried traders at the start of the session on Friday but this was quickly reversed and Dow, Dax and FTSE gained while gold and yen started to slip.…

Markets sent mixed signals yesterday. Dow stocks seesawed back and forth in a rather directionless trading day while Nasdaq gained. The yield-sensitive technology stocks traded higher as investors believed the…

The Fed hiked by 25 bp as we expected. The move was more dovish than the previous indications but still risky. Higher rates could push create more havoc in banks’…

Tech stocks rallied strongly as the 11 biggest US banks provided First Republic Bank with deposits of $30 billion to stem the recent bank runs. Institutional buying started after the…

The fears related to bank shares created volatility, not only in bank stocks but also in bonds and commodities as investors bought US T-bonds, gold, and the dollar. In Europe,…

DJ and NAS rallied as bank stocks traded higher and T-Bonds lower. This was the first risk-on move after the bank stocks had fallen substantially over the last few days…