Deputy chief of staff and adviser to Ukrainian president Ihor Zhovkva said on Tuesday that there will be no compromise from Ukraine on ceding territory to Russia, reported Bloomberg. Zhovkva continued that any meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy will be “difficult”, before noting that …

The headline ISM Services PMI figure rose to 58.3 in March from 56.5 the month before, a tad lower than the expected rise to 58.4, according to the latest release from the Institute of Supply Management. Subindices: Business Activity rose slightly to 55.5 from 55.1 in February. Prices Paid rose …

Fed Vice Chairwoman Lael Brainard said on Tuesday that the Fed is prepared to take stronger action if the inflation outlook and inflation expectations indicators suggest the need for such action. Brainard expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy …

The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of …

Biden administration officials are looking at ways to boost oil imports from Canada, the Wall Street Journal reported on Tuesday. The White House still opposes the Keystone pipeline and other options include shipping more oil by rail, or expanding pipeline capacity along existing routes. The Canadian dollar saw immediate strength …

Most major currency pairs struggled to find direction on Monday, as market participants remained cautious ahead of the announcement of new sanctions on Russia. The EUR was the worst performer and the AUD was the best one. Economic DataThe Bank of Canada released its latest Business Outlook Survey and the …

Gold is oscillating in a range of $1,915.78-1,949.86 from the last three trading sessions amid positive market sentiment. The digestion of worst-case scenarios amid Russia’s invasion of Ukraine by the market participants has kept the tone of the market favorable. The precious metal is trading lackluster and is looking for …

The US dollar is robust at the start of the week, with the DXY higher on the day so far by nearly 0.5% and for three straight sessions.Markets still pricing a lot more than what the Bank of England has guided. GBP/USD is flat on the day and has traded …

West Texas Intermediate (WTI) crude oil rose on Monday on persisting supply concerns as Russian energy sanctions are very much on the table following the Russian forces’ civilian killings in north Ukraine. For a fresh high of the day, at $103.82. WTI spot is up by some 4.5% as White …

Dutch central bank head and European Central Bank governing council member Klaas Knot said on Monday that the ECB should act in the face of high inflation and that gradual but timely normalization of policy is needed, reported Reuters. High inflation is not entirely due to the supply shock and …