The Canadian dollar weakened against its US counterpart on Monday as the West imposed tougher sanctions against Russia over its Ukraine invasion and domestic data showed that the current account balance returned to a deficit in the fourth quarter.The safe-haven US dollar climbed and world stocks slid as new sanctions …

Peace talks between Russia and Ukraine on Monday to bring about a ceasefire to the ongoing conflict in Ukraine have ended.Russian state media quoted a Ukrainian official saying that delegates from the respective countries will return to their capitals before embarking on a second round of talks, the Ukrainian official …

Atlanta Fed President Raphael Bostic said on Monday that the Fed needs to be “forceful and committed” in getting inflation under control, as reported by Reuters.Key Comments:“For now, inflation expectations in longer-term haven’t moved in a significant way.”“Labor supply is a huge problem.”“Until pandemic is over, there will be effects …

Although oil prices retreated from earlier highs as markets await the outcome of Ukraine-Russia talks and traders hope that a ceasefire could materialize, front-month WTI futures remain well underpinned in the $95.00 territories. At current levels in the $96.00s, WTI is trading with on-the-day gains of over 4.0% or more …

Asian markets closed today’s trading up across the board, with the exception of Hong Kong’s Hang Seng, which edged down 0.24% while Japan’s Nikkei rose 0.19%, China’s Shanghai Composite gained 0.32%, India’s Sensex advanced 0.70%, and South Korea’s KOSPI finished trading up 0.84%. Taiwan’s equity markets are closed today to …

Geopolitical tensions between Russia and the West, including the Ukrainian crisis, have greatly escalated during last week. Although the current crisis will likely mark the inauguration of a new security formula for Europe and the United States, economists at Citibank still have confidence in the financial markets. Economists believe that …

Unless Moscow rolls back Russian troops shortly, which still seems doubtful, risk-on appetite in markets is believed not to continue for longer.Speculations tend to support the view that Russia’s invasion of Ukraine will slow the planned pace of US Fed’s quantitative tightening which is awaited mid-March.Investors and consumers are monitoring …

Markets stayed relatively quiet early Friday and the DXY extends its corrective slide as investors braced for another turbulent day. Economic Data Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods orders in the United States to double the level of market expectations. …

Russia vetoed a draft UN Security Council resolution on Friday that would have deplored Moscow’s invasion of Ukraine, while China abstained from the vote; a move western countries view as a win for showing Russia’s international isolation.The United Arab Emirates and India also abstained from the vote on the US …

Both Brent and WTI crude oil benchmarks slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see apocalyptic pricing.As Russia moved into Ukraine on Thursday by land, air, and sea, crude oil prices shot up in an already volatile oil market. …