{"id":57685,"date":"2023-03-13T10:49:27","date_gmt":"2023-03-13T08:49:27","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=57685"},"modified":"2025-10-17T13:24:27","modified_gmt":"2025-10-17T10:24:27","slug":"svbs-collapse-grips-the-markets","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/pt\/svbs-collapse-grips-the-markets\/","title":{"rendered":"SVB\u2019s collapse grips the markets"},"content":{"rendered":"<p>The dollar has been hit hard after SVB\u2019s collapse, reversing course and erasing any gains gathered post Fed Chair Powell\u2019s speech as investors rushed to assess the systemic risk of the fallout. NFP results on Friday showcased that the US labour market remains strong as 311k jobs were created, higher than the 205k expectation, yet the unemployment rate rose to 3.6%, above 3.4% of the market consensus. Nonetheless, the rate is considered low by historical standards. Even though the results from the employment report could have reasonably expected to reassure the market that the Fed is to continue head on with its inflation battle, SVB\u2019s collapse led the market to quickly, outright dismiss the scenario for a 50 basis points hike in the March meeting, reversing the odds back to where they were prior to Fed Chair Powell\u2019s speech. Currently the FFF implies a 92% probability for the Fed to proceed with a 25-basis points hike, while the rest is assigned to a no-hike scenario. Not surprisingly, gold made the most out the dollar\u2019s fall and attracted heavy inflows from distressed investors who weighed the probabilities for a full-blown contagion from the SVB\u2019s fallout. US stock markets ended the week sharply lower, in the reds, however, in today\u2019s premarket session all three major indices are swiftly higher, lifted by reassuring comments from the Treasury Department, Fed and FDIC over the weekend, that SVB depositors will have access to their depositions today Monday.<\/p>\n\n\n\n<p>USDIndex reversed course and fell sharply after SVB\u2019s contagion fears. We hold a sideways bias for the index being confined between 104.10 (R1) resistance and 103.00 (S1) support levels, yet we note that the RSI indicator currently highlights bearish tendencies. Should the bears capitalize on the negative momentum, we may see the break of 103 (S1) level and the move closer to 101.90 (S2) level. Should the bulls take over, we may see the break above the 104.10 (R1) and the move near 105.30 (R2) level. XAU\/USD rose sharply in response to the dollar\u2019s weakness and yield\u2019s retreat. We hold a bullish bias for the precious yet we note that the RSI indicator has exceeded the 70 overbought threshold and a correction may be due. Should the bulls reign, we may see the break above the 1885 (R1) and the move towards 1900 (R2). Should bears take over, we may see break below 1870 (S1) and the move towards 1855 (S2)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day:<\/strong><\/h2>\n\n\n\n<p>No major news releases for today.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-as-for-the-rest-of-the-week\"><strong>As for the rest of the week<\/strong><\/h2>\n\n\n\n<p>On Tuesday the key event for the day is the US yoy &amp; mom CPI rates for February, alongside the Core CPI\u2019s for the same period. We also note UK\u2019s ILO Unemployment rate and Employment Change for January (HMRC Payrolls for February) and Canada\u2019s Manufacturing Sales for January. On Wednesday the crucial event for the day is the US\u2019s Retail Sales for February and the Final PPI Demand rate. We also note the release of BOJ\u2019s meeting minutes for January, China\u2019s <\/p>\n\n\n\n<p>Industrial Output and Retail Sales for February, the French Final HICP rate for February, alongside Eurozone\u2019s Industrial Production for January and New Zealand\u2019s GDP rate for Q4. On Thursday the main event is ECB\u2019s interest rate decision and ECB\u2019s President Lagarde speech after the March meeting. We also highlight Japan\u2019s Exports and Imports rates alongside Australia&#8217;s Employment and Unemployment Rate, all for the month of February. We also note release of the US weekly initial jobless claims figure and the Philly Fed Business Index for March. On Friday we highlight Eurozone\u2019s Final HICP print, Canada\u2019s Producer Prices and the US Industrial Production rate all the month of February alongside the preliminary University of Michigan\u2019s Sentiment and Expectations indices for March.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usdindex-h4-chart\"><strong>USDIndex H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"878\" height=\"409\" src=\"\/wp-content\/uploads\/2023\/03\/image-51.png\" alt=\"support one hundred and three and resistance one hundred and four point ten, direction sideways  \" class=\"wp-image-57686\" title=\"usd-index-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 103.00 (S1), 101.90 (S2), 100.70 (S3)<\/p>\n\n\n\n<p>Resistance: 104.10 (R1), 105.30 (R2), 106.80 (R3)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-xau-usd-h4-chart\"><strong>XAU\/USD H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"873\" height=\"407\" src=\"\/wp-content\/uploads\/2023\/03\/image-52.png\" alt=\"support at eighteen seventy and resistance eighteen eighty five, direction upwards\" class=\"wp-image-57687\" title=\"xau-usd-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 1870 (S1), 1855 (S2), 1840 (S3)<\/p>\n\n\n\n<p>Resistance: 1885 (R1), 1900 (R2), 1915 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1450\" height=\"353\" src=\"\/wp-content\/uploads\/2023\/03\/image-53.png\" alt=\"\" class=\"wp-image-57689\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1042\" height=\"602\" src=\"\/wp-content\/uploads\/2023\/03\/image-55.png\" alt=\"\" class=\"wp-image-57691\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"654\" src=\"\/wp-content\/uploads\/2023\/03\/image-54.png\" alt=\"\" class=\"wp-image-57690\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">Se tiver alguma d\u00favida ou coment\u00e1rios sobre este artigo, solicitamos que envie um email diretamente para a nossa equipa de Research atrav\u00e9s do <a href=\"mailto:research_team@ironfx.com\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Isen\u00e7\u00e3o de responsabilidade:<br>Esta informa\u00e7\u00e3o n\u00e3o \u00e9 considerada como aconselhamento ou recomenda\u00e7\u00e3o ao investimento, mas apenas como comunica\u00e7\u00e3o de marketing. O IronFX n\u00e3o \u00e9 respons\u00e1vel por quaisquer dados ou pela informa\u00e7\u00e3o fornecida por terceiros aqui mencionados, ou com links diretos, nesta comunica\u00e7\u00e3o.<\/p>","protected":false},"excerpt":{"rendered":"<p>The dollar has been hit hard after SVB\u2019s collapse, reversing course and erasing any gains gathered post Fed Chair Powell\u2019s<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-57685","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Forex blog - IronFX\u2122 | SVB\u2019s collapse grips the markets<\/title>\n<meta name=\"description\" content=\"The dollar has been hit hard after SVB\u2019s collapse, reversing course and erasing any gains gathered post Fed Chair Powell\u2019s speech\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/pt\/wp-json\/wp\/v2\/posts\/57685\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SVB\u2019s collapse grips the markets\" \/>\n<meta property=\"og:description\" content=\"The dollar has been hit hard after SVB\u2019s collapse, reversing course and erasing any gains gathered post Fed Chair Powell\u2019s speech\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/pt\/svbs-collapse-grips-the-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-13T08:49:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-17T10:24:27+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"SVB\u2019s collapse grips the markets\",\"datePublished\":\"2023-03-13T08:49:27+00:00\",\"dateModified\":\"2025-10-17T10:24:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/\"},\"wordCount\":725,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"pt-PT\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/\",\"name\":\"Forex blog - IronFX\u2122 | SVB\u2019s collapse grips the markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/#website\"},\"datePublished\":\"2023-03-13T08:49:27+00:00\",\"dateModified\":\"2025-10-17T10:24:27+00:00\",\"description\":\"The dollar has been hit hard after SVB\u2019s collapse, reversing course and erasing any gains gathered post Fed Chair Powell\u2019s speech\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/#breadcrumb\"},\"inLanguage\":\"pt-PT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/svbs-collapse-grips-the-markets\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SVB\u2019s collapse grips the markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/pt\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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