Economies of the the United States and other Western nations have deployed a set of potent financial weapons against Russia with remarkable speed aiming at crippling the Russian economy. Cutting off access to global financial markets and to Russia’s war chest of foreign-exchange reserves has dealt Russia’s economy a crippling …

On Friday, the USD/JPY retreats at around 115.80 to weekly lows, negating the chart pattern late in the New York session. At 114.85, the USD/JPY reflects the risk-off market mood due to increasing tensions on the Russia-Ukraine conflict.Global equity indexes recorded losses on a busy day on Friday. The USD …

In a buoyant sign for the US economy, businesses stepped up their hiring last month as Omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported …

The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …

Bitcoin now trades at a new March low of $40,551 for BTC/USD, taking two-day losses to 10.2%. Fears over the security of Ukraine’s nuclear infrastructure drove not just crypto but traditional markets lower on the day, with the S&P 500 following European indexes to decline by 1.4%.Bitcoin correcting as tensions …

The S&P 500 fell back to test the 4300 level and was last trading down about 1.0% in the 4320 area having bounced ahead of weekly lows around 4280. The drop reflected a broad downturn in the major US indices, with the Dow last down 0.7% and the Nasdaq 100 …

The US Envoy to the United Nations, , Linda Thomas Greenfield, said on Friday that the world narrowly averted a nuclear catastrophe overnight in Ukraine, Greenfield also said she is gravely concerned that Ukrainian nuclear operators are now doing their jobs under extreme duress. The Russian attack on the nuclear …

Russia’s Envoy to nuclear discussion between major world powers and Iran said on Friday that “we will have a deal maybe in the middle of next week”.European negotiators probably returned to capitals because they believe they have done their job, the envoy added.So, Iran’s deal has become a matter of …

USD/CAD sharply reversed direction higher on Friday after the release of what traders described as a bumper US labour market report boosted the US dollar and amid a distinctly risk-off market tone weighed on the more risk-sensitive Canadian dollar.The pair started the session below 1.2700, but at one point had …

Russian President Vladimir Putin told German Chancellor Olaf Scholz in a call on Friday that while Russia is open for dialogue with Ukraine, the country should fulfill all Russian demands.Putin also reportedly told Scholz that he hopes Kyiv will adopt a more constructive position in the next rounds of talks. …