In choppy trading conditions as currency market participants observe developments in the rapidly escalating Russia-Ukraine crisis saw USD/CAD rally to test a key level of resistance in the upper 1.2700s on Tuesday. The pair has since pulled back from session highs in the 1.2780s to near the 1.2750 mark, where …
Read More »Dollar Arrests 4-Day Slide as Markets Freeze Ahead of Warsh’s Fed Debut: Iran Deal Shifts Focus to Central Bank Trajectories
Key Takeaways Dollar stabilizes: The DXY traded largely flat at 99.55 — near a 10-day low — ending i…
UK Inflation Holds at 2.8% in May, Beating Forecasts: Iran Peace Deal Sparks Hopes of Peak Passing as BoE Holds Tomorrow
Key Takeaways CPI steady at 2.8%: UK inflation was unchanged from April’s 13-month low — well …
Gold Pauses After Four-Day Rally as Fed Decision Looms: World Gold Council Survey Shows Central Banks Buying More
Key Takeaways Gold steadies: Spot gold edged down 0.1% to $4,327.56 per ounce, while gold futures ti…
Oil Falls for Fifth Straight Session to March Lows: Iran Deal Supply Wave Looms as API Flags Massive 8.3M Barrel Draw
Key Takeaways Five-day losing streak: Brent fell 0.9% to $78.23 per barrel, while WTI slipped 1.2% t…
Euro Holds Firm Despite Headwinds as Strong German Data Limits Losses
The euro remained resilient against the U.S. dollar on Tuesday, supported by encouraging economic da…
Pound Sterling Gains Ground Against U.S. Dollar as Risk Appetite Improves
The British pound strengthened against the U.S. dollar on Tuesday as improving investor sentiment re…
Fed Set to Hold Rates, but Warsh Holds the Spotlight As Wall Street Awaits What’s Beyond Interest Rates
The Federal Reserve’s June meeting is shaping up to be one of the most closely watched policy …
PayPal Enters Oversold Territory, but Is It a Genuine Buying Opportunity?
Amid continued volatility across the fintech sector in 2026, PayPal (PYPL) has emerged as one of the…
What Trump Heard from Carney About Chinese EVs—and Why It Matters
A seemingly casual exchange between the Canadian prime minister and U.S. President Donald Trump has …
Resilient but Not Relaxed: Europe Faces Its Next Economic Test
Europe’s growth holds firm as inflation risks refuse to fade. As geopolitical tensions show signs of…
Market Analysis
February, 2022
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23 February 2022 12:05 am
Biden Condemns Putin and Announces New Sanctions
Washington and its allies called the Kremlin’s recognition of two separatist regions a blunt defiance of international law that risks war. Western officials said Russian troops have entered eastern Ukraine.US President Biden on Tuesday announced harsh new sanctions aimed at punishing Russia for what he called “the beginning of a …
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22 February 2022 11:48 pm
Biden: This is the beginning of a Russian invasion of Ukraine, will impose sanctions
US President Joe Biden, in a national address on Tuesday, called the latest steps by Russia to recognize the independence of breakaway regions in eastern Ukraine, as well as to move troops into the area, the beginning of a Russian invasion of Ukraine.Biden’s speech comes amid calls by Lawmakers across …
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22 February 2022 11:28 pm
Fed Minutes: Directors at 3 Fed banks voted to increase discount rate Before Jan meeting
Directors at three of the Federal Reserves regional banks voted to increase the discount rate, or interest rate charged on commercial banks for emergency loans, ahead of the January FOMC meeting.Minutes released on Tuesday showed that rate hike recommendation came from the directors at the Federal Reserve banks of Cleveland, …
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22 February 2022 11:24 pm
US Markit Manufacturing PMI rises to 57.5 Above expectation
The economic activity in the US manufacturing sector continued to expand in February, at a faster pace than it did in January, with IHS Markit’s Manufacturing PMI rising to 57.5 (preliminary) from 55.5. This fresh reading came in above market’s expectation of 56.0. The pace of economic growth accelerated sharply …
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22 February 2022 10:14 pm
WTI Traded Choppily Amid Ukraine’s Crisis Escalation, Retreats After Hitting $96.00
Oil prices have witnessed considerable choppy performance on Tuesday, with front-month WTI futures at one point hitting fresh seven-year highs at the $96.00 level, before pulling back sharply to below $93.00. Choppy trade conditions are being driven by the unusually high level of uncertainty pertaining to ongoing escalation of the …
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22 February 2022 9:39 pm
Ukraine’s Tension: China Among Few Winners, Losers Are Several
Any Russian incursion into Ukraine would have far-reaching economic repercussions for global economies. There will be surely winners and losers. In this particular crisis, China will likely benefit from diversion of Russian exports. Energy Sanctions on Russian gas by the United States and its allies could pay dividends for China, …
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22 February 2022 8:33 pm
Head of Russia’s Parliament: Putin asked for permission to use Russian troops abroad
The head of the Russian parliament said on Tuesday that Russian President Vladimir Putin had asked for permission to use Russian troops abroad. The Russian parliament will now vote on this request. Presumably, this refers to Russia’s plans to set up military bases in the pro-Russia breakaway regions of Eastern …
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22 February 2022 8:23 pm
EUR/GBP Sharply Retreats Amid Geopolitical tensions
The EUR/GBP jumped on Tuesday from two-week lows near 0.8300 to 0.8382, reaching the highest level since last Wednesday. On American hours it is pulling back, trading back under 0.8350, after being unable to hold above the 20-day simple moving average (0.8370).The sterling pound weakened earlier on Wednesday following comments …
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22 February 2022 7:32 pm
February’s US Consumer Confidence Falls Below Expectations
According to the latest Consumer Confidence survey conducted by the US Conference Board, US Consumer Confidence fell to 110.5 in February from 111.1 in January. That was a smaller drop than the expected decline to 110.0. The Present Situation Index rose to 145.1 from 144.5 last month, while the Consumer …
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22 February 2022 5:36 pm
Gold is Falling But Remains Near Its Highest Levels
The price of gold retreated from its highest level since June on Tuesday, but the escalation of tension in eastern Europe could keep the demand for it driven as a safe haven. And gold fell in spot transactions 0.5% to $ 1895.76 an ounce, after hitting its highest level since …
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22 February 2022 4:13 pm
The Latest Developments in The Ukrainian Crisis
The US State Department said that more Russian troops, not fewer, are on the Ukraine border and they’re moving concerningly into fighting positions. However, they say there is still room for diplomacy unless they make the decision to go in. The latest Ukrainian intelligence report shows no evidence of Russian …
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22 February 2022 3:54 pm
Germany’s Scholz Halts Nord Stream 2
German Chancellor Olaf Scholz postponed the Nord Stream 2 gas pipeline certification, designed to bring Russian gas to Germany on Tuesday after Russia formally recognized two breakaway regions in eastern Ukraine. The €10 billion pipelines, which were recently completed but not yet operational, transported 55 cubic meters of natural gas …
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