Fed representatives are expected to speak today on the situation in the banking sector - 29.3.2023

On Tuesday, the US dollar index continued its sluggish decline. This happened despite good statistics. Conference Board United States Consumer Confidence Index in March (104.2) was better than expected. Accordingly, this morning the US currency is slightly strengthening. In general, in the last few days, the main negative for the dollar was the problems of some US banks. Now the situation is gradually improving thanks to the support of the American authorities. The GfK Germany Consumer Climate for April (-29.5) was released this morning. It turned out to be negative for the 17th month in a row. This could have a negative impact on the euro.

Bitcoin quotes have been trading in a neutral range just above $28,000 for the 2nd week. It's going up this morning. Players reacted positively to the first results of the study of U.S. Commodity Futures Trading Commission (CFTC) activity of the Binance crypto exchange. Ripple (XRPUSD) quotes soared by 12%. The players hope for a successful investigation of the activities of the organizers of this altcoin by the U.S. Securities Exchange Commission (SEC).

Yesterday, US stock indices fell slightly for the 2nd day in a row. The main reason for this was the risks of a banking crisis in the US. On Tuesday, a good growth of 1.4% showed the sectoral index Dow Jones Oil & Gas. This was due to the emerging increase in world oil prices. Futures for US stock indices are rising this morning. Investors expect the Fed to continue positive statements about the situation in the banking sector after the actual bankruptcy of Silicon Valley Bank and Signature Bank. In particular, Fed Vice Chair of Supervision Michael Barr is expected to speak in the US Congress today. In addition, the data on the housing market Pending home sales for February may affect the stock market.

Yesterday, US stock indices fell slightly for the 2nd day in a row. The main reason for this was the risks of a banking crisis in the US. On Tuesday, a good growth of 1.4% showed the sectoral index Dow Jones Oil & Gas. This was due to the emerging increase in world oil prices. Futures for US stock indices are rising this morning. Investors expect the Fed to continue positive statements about the situation in the banking sector after the actual bankruptcy of Silicon Valley Bank and Signature Bank. In particular, Fed Vice Chair of Supervision Michael Barr is expected to speak in the US Congress today. In addition, the data on the housing market Pending home sales for February may affect the stock market