The euro has pared losses on Monday after the previous two days’ decline. The pair has bounced up from 1.0900 lows to post a moderate advance on the day, yet lacking follow-through to break psychological resistance at 1.1000.The higher appetite for risk has supported the euro. The common currency has …
Read More »USD/CAD Trims Losses, Approaches 1.2800
The US dollar’s rebound from 1.2690 extends to levels near 1.2800 while the Canadian dollar loses ground as oil prices drop. Longer-term, the USD/CAD is expected to remain neutral to negative.The US dollar has bounced up against its Canadian counterpart on Monday to pare losses after the 1.3% reversal seen …
Read More »Washington: China Open To Provide Russians With Military Support
Russia made a request to China for military assistance at some point after the start of the now three-week invasion of Ukraine.The US has told allies that China signaled its willingness to provide military assistance to Russia, according to officials familiar with American diplomatic cables on the exchange.The cables, which …
Read More »Green Energy Wins Amid Russian Fuel Ban
Investors added over $886 million to some of the biggest exchange-traded funds that invest in clean energy last week as the U.S. and Europe took steps to cut dependence on Russian fossil fuels.Shifting to green energy is fundamental to the European Union’s climate plans, and Russia’s invasion of Ukraine compelled …
Read More »EUR/USD Rebounds, Approaches 1.1000
The EUR/USD pair has found support above 1.0930 and climbed back toward the daily high it hit on European hours at 1.0989, boosted by a stronger euro and a mixed US dollar.The key driver of price action continues to be the war in Ukraine. Volatility remains higher, even among currencies. …
Read More »Gold Consolidating Losses Around USD 1,950
Market players are focused on the latest on the Russia-Ukraine crisis. The US Federal Reserve is set to raise rates next Wednesday, but for how much.The Gold Index XAU/USD is trading at the lower end of its latest range and is poised to extend its slump. US traders hold on …
Read More »S&P 500 Advances 0.9% On Early Trading Amid Milder Risk-on
Wall Street advances on Monday amid an improved market sentiment. Hopes of progress in the Ukraine-Russia talks have lifted appetite for risk. Banks are leading gains as major central banks hint to higher rates.US markets have opened the week on a moderately positive tone, following the trend observed in Europe. …
Read More »Will Fed hike rates despite the threat to growth?
The US Federal Reserve is expected to raise interest rates despite the threat to growth posed by Russia’s invasion of Ukraine.The US Federal Reserve is widely expected to raise interest rates by 0.25 percentage points at its meeting next week for the first time since slashing borrowing costs to zero …
Read More »Will BoE Hike Rates Amid War, Diminished Spending Power?
Soaring gas and electricity prices, high inflation, the worst squeeze for living standards in decades. The economic outlook was challenging even before Russia’s invasion of Ukraine. The Bank of England looks set to lift interest rates to 0.75% on Thursday 17 March, its third rate rise in a row as …
Read More »Weekly Recap 7-11 March 2022
Volatility and inflation have been among the most significant key drivers throughout the trading week amid trepulent geopolitical developments with undeniable economic impact across financial market.Inflation Still Biggest RiskData released on Thursday showed that the US consumer price index (CPI) grew 7.9% year-on-year and 0.8% month-on-month in February. The core …
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