Oil prices continued their decline in the European session before bouncing ahead of the US open. Given the recessionary fears engulfing markets will we see a sustainable upside push for Oil prices?

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USD/JPY has continued to decline as mounting fears of further contagion throughout the banking sector weigh on the Dollar, boosting the safe-haven appeal of the Yen.

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EUR/USD didn’t enjoy much of a lasting boost from last week’s interest rate rise as the financial sector’s worries take center stage again

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In a deal brokered by the Swiss Government, UBS has bought troubled rival Credit Suisse in a deal worth just over three billion US dollars.

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The Dow Jones greatly underperformed the Nasdaq as traders flocked to tech stocks in anticipation of aggressive rate cuts from the Federal Reserve later this year after SVB’s collapse. All eyes turn to the central bank and Jerome Powell’s press conference on Wednesday.

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