Forex Market

A typically dark day for Europe witnessed extraordinary shock across financial markets. This report sums up some of the signals that world economy received during the first hours of the assault. Dow Jones plunges as Russian assault against Ukraine roils global markets, oil prices soared to record highs after Russia …

Support levels fell like dominoes on Thursday as the GBP/USD pair continues to react to woes related to Russia’s assault on Ukraine. Traders ditch risk-sensitive currencies like sterling in favour of safe-haven currencies like the US dollar or Japanese yen as global equities tumble, the pair is on course for …

The Turkish lira fell more than 5% on Thursday as investors sought safe havens after Russian forces invaded Ukraine, raising fears of fresh inflation pressures in Turkey and prompting Ankara to call for confidence in the local currency. The lira fell to 14.62 against the dollar, its lowest level since …

Ukraine’s ambassador to Ankara said on Thursday that his country had asked Turkey to close the Bosphorus and Dardanelles straits to Russian ships, and also wanted to impose sanctions on Moscow after Russia launched air and ground attacks on its neighbor. Turkey, a NATO member, has a maritime border on …

The Ukrainian border guards said that the Russian ground forces entered Ukraine shortly after bombing several sites inside Ukraine. Ukraine asked Turkey to close the Bosphorus and Dardanelles straits to Russia, while Moscow announced the suspension of navigation in the Sea of Azov between Ukraine and Russia. The Ukrainian border …

The Russian ruble plunged to its lowest level since early 2016 on Thursday after President Vladimir Putin ordered Russian forces to invade Ukraine, a move that prompted the Moscow Stock Exchange to suspend trading. The ruble fell 3.6 percent against the dollar to 84.0750, and fell 3.9 percent to 95.2425 …

On Wednesday, Ukraine called its citizens back from Russia and declared a state of emergency. While, Moscow began evacuating its Kyiv embassy, in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught, as per Reuters. Gold prices jumped more than 2% to their highest level in …

The US session closed with investors expressing very pale optimism about Eastern Europe developments, despite this weak optimism the market’s sentiment deteriorated during US trading hours, resulting in the stronger USD against most of its major rivals.Ukraine declared the State of Emergency starting February 24 and for 30 days amid …

“Today, Putin did not respond to a request for a phone call,” said Ukraine President Volodymyr Zelenskyy during early Thursday morning in Asia.Ukraine President Zelenskyy warned that Russia’s move could escalate tensions while also saying, “Ukraine is not a threat to Russia.”During late Wednesday, Ukraine Foreign Minister Dmtryo Kuleba also …

On Wednesday, Ukraine called its citizens back from Russia and declared a state of emergency. While, Moscow began evacuating its Kyiv embassy, in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught, as per Reuters.The lack of positive developments over the Russia-Ukraine tussle has put the …