Welcome, Traders!
It is Sunday 12th / Monday 13th of March, depending on where you are.
Here are some things to expect ahead of the APAC session today.

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The Japanese yen and Swiss franc were among the best-performing Group-of-10 currencies on Friday, aided by safe-haven demand. A currency strength index fell as traders revised their outlook for the Federal Reserve's monetary policy path in the face of mounting banking-sector concerns and a mixed US jobs report.

- Bank of England: We intend to apply to the court to place SVB UK into a bank insolvency procedure.

- The United States is discussing a fund to protect depositors if additional banks fail.

- UK's Chancellor Hunt: We need move gradually on tax cuts.

- UK's Chancellor Hunt: We will come forward with short-term and longer-term solutions over SVB.

- UK lenders have given 24 hours to rescue SVB UK, according to Sky News.

- US Treasury Secretary Yellen: I'm certain the FDIC is evaluating a variety of options for SVB, including acquisitions.

- The US government is set to make a material announcement on Sunday to shore up SVB deposits and prevent more fallout, according to sources.

- FDIC auction for SVB said to be underway and final bids are due Sunday.


Good luck!