The 2023 banking crisis has seen multiple bank failures, including Silicon Valley Bank, Signature Bank and First Republic Bank. Some think that the banking crisis is now over, but others suggest there are more bank failures to come this year.  In this film we compare the 2023 banking crisis to the 2008 financial crisis and ask whether there are likely to be more bank collapses in the near future.  Economist Richard Wolff and ex leading Wall Street analyst David Woo give their insights on the health of the banking sector.

 

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AUD/USD remains under pressure above 0.6400

AUD/USD remains under pressure above 0.6400

AUD/USD managed to regain some composure and rebounded markedly from Tuesday’s YTD lows in the sub-0.6400 region ahead of the release of the Australian labour market report on Thursday.

AUD/USD News

EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar

EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar

The EUR/USD pair edges higher to 1.0672 on Thursday during the early Asian session. The recovery of that major pair is bolstered by renewed selling pressure in the US Dollar and a risk-friendly environment.

EUR/USD News

Gold retreats as lower US yields offset the impact of hawkish Powell speech

Gold retreats as lower US yields offset the impact of hawkish Powell speech

Gold prices retreated from close to weekly highs during the North American session on Wednesday amid an improvement in risk appetite. The bullish impulse arrived despite hawkish commentary by US Federal Reserve officials. 

Gold News

Bitcoin price uptrend to continue post-halving, Bernstein report says as traders remain in disarray

Bitcoin price uptrend to continue post-halving, Bernstein report says as traders remain in disarray

Bitcoin price is dropping amid elevated risk levels in the market. It comes as traders count hours to the much-anticipated halving event. Amid the market lull, experts say we may not see a rally until after the halving. 

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Australia unemployment rate expected to rise back to 3.9% in March as February boost fades

Australia unemployment rate expected to rise back to 3.9% in March as February boost fades

Australia will publish its monthly employment report first thing Thursday. The Australian Bureau of Statistics is expected to announce the country added measly 7.2K new positions in March after the outstanding 116.5K jobs created in February.

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