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Market News ECB Hikes Rates by 50 Basis Points Despite Crisis
Markets News
ECB Hikes Rates by 50 Basis Points Despite Crisis
TOPONE Markets Analyst2023-03-17 09:30:00
Hot spot tracking
- Fed's discount window used more than during financial crisis
- Wall Street bank deposits $30 billion with First Republic Bank
- Swiss government holds Credit Suisse chief accountable
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.30% 1.06068 1.06115 GBP/USD ▲0.51% 1.21085 1.21096 AUD/USD ▲0.63% 0.66581 0.66569 USD/JPY ▲0.29% 133.703 133.575 GBP/CAD ▲0.21% 1.66137 1.66096 NZD/CAD ▲0.25% 0.84997 0.84924 📝 Review:The dollar fell on Thursday and the euro rose after the European Central Bank remained on track to raise interest rates amid market turmoil in recent days, suggesting the Federal Reserve could also raise rates next week, with both central banks remaining on track to curb inflation.🕵️ Operation suggestion:USD/JPY 133.371 Sell Target Price 132.911
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.03% 1919.24 1919.56 Silver ▼-0.31% 21.67 21.681 📝 Review:Gold prices climbed on Thursday, recovering from a 1-1/2-month high hit in the previous session, as concerns over a banking crisis persisted. The ECB had previously raised interest rates despite persistent risks to financial stability.🕵️ Operation suggestion:Gold 1921.15 Buy Target Price 1932.52
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.10% 68.367 68.452 📝 Review:Oil prices ended 1% higher on Thursday, snapping a three-day losing streak, following reports that Saudi Arabia and Russia met to discuss ways to bolster market stability.🕵️ Operation suggestion:WTI Crude Oil 68.480 Sell Target Price 65.983
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲2.41% 12570.55 12564.65 Dow Jones ▲1.19% 32244.5 32207.5 S&P 500 ▲1.69% 3960.85 3956.05 📝 Review:U.S. stocks opened lower and moved higher. The Dow closed up 1.17%, the Nasdaq closed up 2.48%, and the S&P 500 closed up 1.76%. Aided by a strong rebound in the financial sector, some large U.S. banks had bailed out the troubled First Republic Bank, and large technology stocks led the gains. Adobe closed up 5.9% after the results, Intel closed up 6.2%, and Microsoft closed up 4%.🕵️ Operation suggestion:Nasdaq 100 12587.000 Buy Target Price 12738.300
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.88% 24712.7 24948.5 Ethereum ▼-0.11% 1652.1 1668.6 Dogecoin ▲0.26% 0.06924 0.07005 📝 Review:Bitcoin soaring 50% in 2023 reflects how Bitcoin is viewed by the market after the collapse of FTX, changes in the outlook for interest rates, and the failure of Silicon Valley Bank. We judge that Bitcoin will continue to be favored by the market in the later period.🕵️ Operation suggestion:BitCoin 24348.5 Buy Target Price 25292.3
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