ForexLive European FX news wrap: The bond market swings continue, US CPI data up next 0 (0)

<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/the-jitters-are-still-being-felt-in-markets-20230314/“>Credit Suisse says found „material weakness“ in reporting procedures</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/the-volatile-swings-continue-in-the-bond-market-so-far-today-20230314/“>The volatile swings continue in the bond market so far today</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/2-year-german-bond-yields-erase-its-sharp-decline-at-the-open-20230314/“>2-year German bond yields erase its sharp decline at the open</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/boj-says-direct-exposure-of-japan-financial-institutions-to-svb-is-limited-20230314/“>BOJ says direct exposure of Japan financial institutions to SVB is limited</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/ecbs-stournaras-says-no-impact-from-svb-collapse-on-eurozone-banks-20230314/“>ECB’s Stournaras says no impact from SVB collapse on Eurozone banks</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/boe-rate-hike-odds-moving-closer-towards-a-coin-flip-as-well-20230314/“>BOE rate hike odds moving closer towards a coin flip as well</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/boj-steps-in-with-another-701-billion-worth-of-etf-purchases-today-20230314/“>BOJ steps in with another ¥70.1 billion worth of ETF purchases today</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/uk-february-payrolls-change-98k-vs-102k-prior-20230314/“>UK February payrolls change 98k vs 102k prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/spain-february-final-cpi-60-vs-61-yy-prelim-20230314/“>Spain February final CPI +6.0% vs +6.1% y/y prelim</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/switzerland-february-producer-and-import-prices-02-vs-07-mm-prior-20230314/“>Switzerland February producer and import prices -0.2% vs +0.7% m/m prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/china-reportedly-to-gradually-raise-retirement-age-to-cope-with-aging-population-20230314/“>China reportedly to gradually raise retirement age to cope with aging population</a></li></ul><p>Markets:</p><ul><li>CAD leads, JPY lags on the day</li><li>European equities slightly higher; S&amp;P 500 futures up 0.8%</li><li>US 10-year yields up 11.3 bps to 3.628%</li><li>Gold down 0.5% to $1,903.98</li><li>WTI crude down 2.1% to $73.24</li><li>Bitcoin up 2.5% to $24,845</li></ul><p style=““ class=“text-align-justify“>It all started with things looking fairly calmer, as bond yields looked for a rebound ahead of European trading. Then, came a headline from Credit Suisse in which the bank says it found „material weakness“ in its financial reporting for 2021 and 2022. That’s not exactly the kind of statement you’d want to see at this point and markets reacted.</p><p style=““ class=“text-align-justify“>Or at least the bond market did.</p><p style=““ class=“text-align-justify“>2-year Treasury yields quickly fell from 4.18% to 3.83% as traders turned fearful again and that also saw a 27 bps dip in 2-year German bond yields right at the open to 2.42%. That set up a nervy open for Europe and induced more volatility swings but by the end of it, we are seeing calmer heads prevail – at least for now.</p><p style=““ class=“text-align-justify“>Credit Suisse shares may not be recovering yet but bond yields have risen drastically in a turnaround from earlier in the day. 2-year Treasury yields are now up 20 bps to 4.23% while 2-year German bond yields are now up 10 bps to 2.80%, as bond bears start to draw a line on the squeeze in the past few sessions.</p><p style=““ class=“text-align-justify“>In FX, USD/JPY was sent for a ride as it fell from 133.80 to 133.20 before recovering to push above 134.00 now – up 0.7% on the day. The rest of the major currencies space is rather muted, with the dollar trading little changed for the most part after its slight gains earlier have been pared.</p><p style=““ class=“text-align-justify“>With the US CPI data coming up later at 1230 GMT, brace yourselves for another round of volatility in North America trading.</p>

This article was written by Justin Low at www.forexlive.com.

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Why FMAS:23 is the Place to Be for Forex and Crypto Traders in Africa 0 (0)

<p>Finance
Magnates Africa Summit (FMAS:23) is headed to South Africa in just two short
months, providing a wide range of opportunities for forex and crypto traders. The
landmark event will kick off on May 8-10, 2023 at the luxurious Sandton
Convention Centre in Johannesburg, South Africa.</p><p>Africa
continues to see a surge in trading activity, underscored by a growth in
clients that have gravitated towards the forex and cryptocurrency sphere. In
light of these trends, FMAS:23 will cater its agenda towards this segment, benefiting
these individuals over the course of the event.</p><p>As a
reminder, registration for the event is now live and available for <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/register/“ target=“_blank“ rel=“follow“>signup today</a>!</p><p>Indeed, the
past few years has seen the proliferation of the African retail trading
industry. This rapid expansion in the online trading industry is only expected
to trend higher, with FMAS:23 coming at the perfect time for traders and
individuals looking to take their craft to the next level.</p><p>FMAS:23 is the perfect
event for forex and crypto traders to network, engage, and learn from
attendees, brokers, and providers.</p><p>FMAS:23
Geared for Forex and Crypto Traders</p><p>Finance Magnates
is no stranger to the B2C scene, with its annual London Summit (FMLS) series tailored
extensively to the space across multiple asset classes. FMLS has consistently
delivered the goods for investors, traders, and all retail market participants.</p><p>Historically, this
has included a robust focus on proper trading techniques, demos, the release of
new and exciting trading technologies and platforms for users, and much more.
Additionally, these types of events spell out everything traders need to know
about all asset classes, be it forex, crypto, CFDs, and much more.</p><p>Reasons for Forex
and Crypto Traders to Attend FMAS:23</p><p>·
Learn
about new trading technologies, platforms, techniques</p><p>·
A chance
to engage directly with leading traders, brokers, individuals</p><p>·
An
opportunity to meet, network with other traders</p><p>·
Workshops
and trading strategies available on offer for free</p><p>FMAS:23 is
poised to take retail trading trends to the next level, curated specifically
for the African continent. This also includes a growing swath of potential
traders who are looking to get started, with an opportunity to learn and engage
with the best.</p><p>FMAS:23
– Networking and Engagement Opportunities</p><p>FMAS:23 has a
unique content focus and agenda planned to accommodate a diverse range of
participants and attendees in Africa. Whether you are a newcomer to the trading
scene or are a veteran at events, FMAS:23 has something for everyone.</p><p>Each and every
attendee can expect to take advantage of a plethora of opportunities. This
includes engaging, interacting, and networking with leading retail players and
the biggest names in the online industry sphere.</p><p>
Nowhere else do attendees have the opportunity to speak directly with so many
leaders in one place in Africa. Individuals can also expect to learn about and
engage with the biggest brands from the retail trading and crypto space.</p><p>The event will
spotlight 2.5 days of sessions, workshops, panels, discussions, and more,
touching on every corner of the retail trading industry. A complete agenda will
be rolled out in the next few weeks.</p><p>FMAS:23 is
expected to bring in upwards of 2,000 attendees, 70 exhibitors, and 50 speakers.
To top this all off, the event will also feature a legendary closing party for
all attendees, complete with live music, entertainment, and much more.</p><p>
This is one event you will not want to miss. Stay tuned for more updates over
the next few weeks as the in-depth agenda takes shape, or simply to <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/contact-us/“ target=“_blank“ rel=“follow“>join the conversation</a> surrounding FMAS:23!</p>

This article was written by ForexLive at www.forexlive.com.

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