The euro edges down 0.58% so far in the week, after falling in three of the week’s five trading days.On Friday, the EUR/USD trims some of its weekly losses, recording gains of 0.48% during the North American session. At press time, the EUR/USD is trading at 1.1252.In the overnight session …
Read More »NZD/USD Surges Amid Ukraine’s Fighting
Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …
Read More »Bitcoin Rebounds 15% As Risk Appetite Bounces Back
Bitcoin has been crushed at times over the last week, but the improvement markets have seen in risk appetite has given it a big boost. It is now recovering around 15% from yesterday’s lows and is up more than 2% today.Bitcoin is the ultimate risk asset, and if sentiment remains …
Read More »Gold Struggling Despite US Pending Home Sales Data
The US housing market continues to lose momentum with fewer Americans starting the process of buying a new home, according to the latest data from the the National Association of Realtors (NAR).Friday, the association said that its Pending Home Sales Index fell to a reading of 109.5 in January, down …
Read More »US Shares Rebound On Positive Durable Goods Data
US shares rose on the last day of the current trading week, despite having been in the red territory since Russian President Vladimir Putin recognized Donetsk and Luhansk separatist regions in Ukraine as independent states.Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods …
Read More »MPR Expects Fed will soon raise FFR target range
The US Federal Reserve on Friday released its semiannual Monetary Policy Report (MPR), which it normally does one week ahead of Fed Chair Jerome Powell’s semiannual testimony before the US Congress. The report reiterated the Fed’s policy guidance that it will soon be appropriate to raise the target range for …
Read More »US Dollar Index Turns Negative Below 97.00
The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, comes under pressure and slips back below the 97.00 yardstick on Friday.The index gives away further ground following a tepid change in the markets’ mood after news reported a probable meeting between Russian and …
Read More »Lagarde: ECB ready to take action needed to ensure price and financial stability
European Central Bank President Christine Lagarde said on Friday that the central bank stands ready to take whatever action is needed to ensure price stability and financial stability in the Eurozone.Lagarde said that it would be premature to assess the exact impact of the conflict in Ukraine just yet, but …
Read More »Oil Catches Its Breath as Russian Forces Advance Into Ukraine
Oil prices fell on Friday after sharp increases during the session on fears of possible disruption to international supplies following the imposition of sanctions on oil-exporting Russia. Brent crude futures for April fell 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after jumping to $101.99. May …
Read More »Russia Begins Attack on Kyiv – CNBC
CNBC reported that Russian forces began their assault on the Ukrainian capital, Kyiv, to seize it on the second day of declaring the invasion. Russian forces resumed their march towards the capital after the stop announced by Ukrainian President Zelensky this morning. Ukrainian Foreign Minister Dmytro Kuleba said horrific Russian …
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