Coming to the End of the Week, Tension Begins to Show Itself Again… The share value of Credit Suisse bank, which created a big agenda during the week, lost value by more than 11% in the European session today after its reaction yesterday and fell below 2 francs. With no change in the probability of […]
After the Banking Crisis in the USA, Credit Suisse Created Panic in the Markets… After the bankruptcy of the Silicon Valley Bank in the USA and the negative situations experienced by the Swiss-based Credit Suisse, the interest rate decision from the ECB was a matter of curiosity. As expected, the ECB decided to raise interest […]
After the Banking Crisis in the USA, Credit Suisse Created Panic in the Markets… The European Central Bank (ECB) will announce its interest rate decision at 16:15(GMT+3) tomorrow. After the decision, ECB President Lagarde will make a statement at 16:45(GMT+3). The ECB is expected to raise interest rates by 50 basis points. Industrial production data […]
US Consumer Inflation Increases 0.4% Monthly, 6.0% Annually… The US Federal Reserve (FED) has launched an investigation into whether the Bank of Silicon Valley (SVB) has gone bankrupt and has caused concerns in the banking system, whether it has fulfilled its oversight and operational responsibilities. Fed Chairman Powell said a comprehensive, transparent and rapid review […]
FED Interest Rate Expectations Changed After the Banking Crisis in the USA… *After consecutive bank failures in the USA, there was a rapid retraction in the treasury bond yields. While 2-years decreased to 3.99%, 10-years decreased to 3.41%. *The Bank of England announced that the UK units of Silicon Valley Bank, which was declared bankrupt […]
US Employment Market Continues to Maintain Its Strength… The expected data of the week came today at 16.30(GMT+3). Let’s look at the details in the US Non-Farm Employment Report; Change in Non-Farm Employment: 311,000 (Previous: 504,000) Unemployment Rate: 3.6% (Previous: 3.4%) Average Hourly Earnings (monthly): 0.2% (Previous: 0.3%) Average Hourly Earnings (annual): 4.6% (Previous: 0.3%) […]
US Yield Curve Historically Negative… *The U.S. yield curve displays a strongly negative image, which is rare in history. The difference between the 2-year and 10-year bond yields rose to 104 basis points. This keeps recession concerns alive in the US. Despite this divergence, US futures stock indexes do not fall sharply. On this side, […]
How Was The Market After Powell? The market continues to move in favor of the dollar in general, after Fed Chairman Powell’s hawkish tone-enhancing statements last night. While the parity is trying to seek support at 1.0530, where it declined rapidly yesterday, the Ounce Gold side is at 1810 levels. After yesterday’s announcements, it is […]
Coming Towards Evening, The Powell Hour Is About To Begin… We will follow Powell’s statements in the Senate presentation after 18.00 CEST. While the market is pricing the probability of the Fed’s interest rate hike by 25 basis points on March 22 as 75%, the probability of 22% is 50 basis points. We will carefully […]
Attention will be focused on the Bond Market and Disclosures…. This week, eyes will be on the bond market. The US 10-year bond yield, which had risen to 4.08% last week, dropped on the last trading day of the week. On the first trading day of the new week, the slight decline continues and declined […]