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 …
Read More »USD/CAD Jumps After Strong US Jobs Data
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 …
Read More »Putin To Scholz: Ukraine Should Fulfill Russian Demands
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. …
Read More »Wells Fargo: NFP, Employment Gains Robust
Employment data released on Friday came in above expectations, but it was mostly ignored by most investors, traders and market participants amid the ongoing Ukraine’s war. War fogs continue as the key market driver.Analysts at Wells Fargo believe that so long as the Russia-Ukraine conflict does not significantly escalate, the …
Read More »Gold Sets USD 1,975 as Next Bullish Target
Gold continues to find demand amid the ongoing Russia-Ukraine crisis. The technical picture suggests that XAU/USD remains bullish in the near-term, pointing to additional gains towards USD 1,975.US inflation data and geopolitical headlines to drive next week’s action. On Wednesday, the US Bureau of Labor Statistics will release the February …
Read More »US Non-farm Payrolls Rises by 678K in February
Nonfarm Payrolls (NFP) rose by 678K in February, well above the median economist forecast for a 400K rise, data published by the US Bureau of Labor Statistics showed on Friday. January’s NFP number also saw a small upwards revision to 481K from 467K. The much larger than expected headline beat …
Read More »European Shares Headed For a Third Weekly Decline
European shares fell on Friday, heading for a third consecutive week of losses, following reports that a nuclear plant caught fire amid heavy fighting between Russian and Ukrainian forces. The pan-European STOXX 600 index was down 1.4 percent by 0837 GMT after Asian shares fell to a 16-month low. The …
Read More »What do you know about Ukraine?
Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …
Read More »Oil Exceeds $ 111 a Barrel as The Ukrainian Crisis Continues
Oil topped $111 a barrel on Friday in a volatile session as fears of disruption to Russian oil exports due to Western sanctions outweighed expectations of an increase in Iranian oil supplies in the event of a nuclear deal with Tehran. Markets were turbulent due to signs of an escalation …
Read More »Ukraine: Russian Forces Took Control of The Zaporizhia Nuclear Power Plant
Russian forces have taken control of the Zaporizhia nuclear power plant in southeastern Ukraine, local authorities said. And the authorities stated on social media that “the operational crews are monitoring the condition of the power units.” Ukraine said Russian forces attacked the station in the early hours of Friday morning, …
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