Market Update

Russian President Vladimir Putin on Monday called Eastern Ukraine “ancient Russian lands” and said that the region is an integral part of Russian history. Putin said that the situation in Eastern Ukraine is “critical” and talked about how modern Ukraine was created by communist Russia under Bolshevik leader Vladimir Lenin. …

The USD/JPY pair is holding onto daily losses and trading under 115.00 on Monday’s American session. The pair bottomed at 114.79, slightly above last week low. The dollars ix mixed while the yen is mostly higher across the board.The Japanese yen is among the top performers on Monday, rising at …

Crude oil prices stabilized on Monday, with front-month WTI futures last trading flat in the $92.00 per barrel area, as traders weigh ongoing escalation in the Russia-Ukraine crisis against the rising likelihood of a new US/Iran nuclear pact. According to the news flow coming out of Russia, President Vladimir Putin …

Russian President Vladimir Putin said on Monday that he would make the decision on whether or not to recognize the breakaway regions of Eastern Ukraine as independent nations on Monday, after being urged by most of the members of his cabinet, as well as leaders in Russia’s State Duma.To do …

Gold hit fresh multi-month highs near the $1,910 on Monday but has since dropped back under the $1,900 handle. Geopolitics remains the wildcard that could stoke surprise volatility in either a bullish or bearish direction. The Russian ruble has been coming under significant pressure on Monday, indicative of rising fears …

The Turkish lira has added to its Friday’s losses and lifts USD/TRY pair to the upper end of the recent range near 13.70 on Monday.The USD/TRY pair flirts with the area of recent highs near 13.70 despite the renewed offered stance in the greenback and amidst the broad-based upbeat mood …

An OPEC + source told Reuters that the commitment of the producer group to oil production cuts rose to 129 percent in January, noting that some members are still finding it difficult to increase their production. This compares with 122 percent in December and 117 percent in November. The source …

Oil prices rose slightly on Monday after fresh diplomatic efforts to resolve the Ukraine crisis brought relief to markets over supply concerns that kept oil prices close to $100 a barrel. Brent crude futures rose 25 cents, or 0.3 percent, to $93.79 a barrel at 1000 GMT. US West Texas …

The Eurozone manufacturing sector activity expanded but less than expected in February, the latest manufacturing activity survey from IHS/Markit research showed on Monday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.4 in February vs. 58.7 expectations and 58.7 last. The index hit two-month lows. The bloc’s Services PMI …

European shares rose on Monday, tracking global markets rallying with positive signs, as investors hoped for a solution to the Ukraine crisis after news that US and Russian leaders had agreed in principle to hold a summit on the issue. The pan-European STOXX 600 index rose 0.6 percent, tracking an …