The Kremlin said on Friday that Russia would impose retaliatory sanctions on Western countries on the basis of reciprocity. Kremlin spokesman Dmitry Peskov said the sanctions would cause problems for Russia but their impact could be contained and had reduced Moscow’s dependence on foreign imports. He declined to comment on …
Read More »Gold Steadies Above $3,350 as Soft Dollar Counters Bullish Market Vibes
Gold prices are holding firm above the $3,350 mark, bolstered by a weakening US Dollar that is count…
Pound Surges Against Dollar as Fed Rate Cut Frenzy Ignores Sticky Inflation
The British pound is staging a robust comeback against the US dollar, climbing 0.56% to trade at 1.3…
Dollar Dips to Two-Week Low Amid Tame U.S. Inflation and Political Concerns
The U.S. dollar fell to a two-week low on Wednesday after softer-than-expected inflation data booste…
Ether Nears Record Highs as Corporate Buying Surges
Ether surged sharply on Wednesday, approaching record highs amid growing corporate accumulation, mir…
Gold Holds Steady on Mild U.S. Inflation; Markets Eye Fed and Trump-Putin Talks
Gold prices were largely unchanged in Asian trading on Wednesday, supported by softer U.S. inflation…
Sterling Surges: Dollar Weakness and UK Jobs Data Fuel Rally
The British pound climbed higher on Tuesday, capitalizing on a faltering U.S. dollar and bolstered b…
USD/JPY Falls as Weak U.S. Dollar Faces Pressure from Lower Inflation
The USD/JPY currency pair declined on Tuesday, driven by a weakening U.S. dollar following a notable…
Trump and Bessent Push for Trade Deals and Fed Rate Cuts by October
The Trump administration is forging ahead with ambitious plans to reshape U.S. economic policy, tack…
AUD Bounces Back as Greenback Falters Amid RBA Rate Cut and US Inflation Data
The Australian Dollar (AUD) staged a notable recovery against the US Dollar (USD) on Tuesday, climbi…
Eurozone Woes Weigh on Euro as ZEW Sentiment Crumbles
The euro faced mounting pressure as the Eurozone’s economic outlook darkened, with the ZEW Eco…
Market Analysis
February, 2022
-
25 February 2022 2:46 pm
Media reports: Shooting Near The Government District in Kiev
The Russian news agency quoted the Associated Press as saying that the sound of gunfire resounded near the government district in the Ukrainian capital, Kyiv. An adviser to the Ukrainian government said on Friday that he expected Russia to try to storm Kyiv during Friday. Ukrainian authorities urged residents of …
Read More » -
25 February 2022 2:12 pm
European Stocks Are Rebounding After Falling
Europe’s main stock index rebounded on Friday after hitting its lowest level in nine months, affected by a rally in late Wall Street yesterday, as investors hunted for shares that fell in prices after heavy selling this week, amid concerns about the repercussions of the Russian invasion of Ukraine. By …
Read More » -
25 February 2022 12:45 pm
UK and France Say Cutting Off Russia From SWIFT Remains on The Table
According to France’s Finance Minister Bruno Le Maire, cutting off Russia from SWIFT remains on the table but as a last resort. Meanwhile, the UK Defence Minister Robert Wallace said, “we’d like to cut Russia off from SWIFT.” “It is difficult as “not every country wants them out,” Wallace added.
Read More » -
25 February 2022 12:08 pm
The US Treasury Announces Unprecedented Sanctions Against Russia
Today, the US Treasury Department imposed expanded economic measures, which target the basic infrastructure of the Russian financial system including all major Russian financial institutions. The measures announced by the US Treasury target nearly 80% of all banking assets in Russia, which will have a profound and long-term impact on …
Read More » -
25 February 2022 11:30 am
Japan’s Nikkei Index Rises Supported by Technology
Japanese stocks halted a five-session losing streak on Friday, boosted by technology heavyweights and after a massive rebound on Wall Street overnight. The Nikkei index rose 1.95 percent to close at 2,6476.50 points, but it fell 2.3 percent this week. The broader Topix index rose 1 percent to 1,876.24 points …
Read More » -
25 February 2022 10:59 am
The European Commission Issues a Statement on The Proposed Sanctions Against Russia
The European Commission issued a statement detailing the proposed sanctions against Russia, which are awaiting approval by European heads of state this evening. These sanctions include depriving Russia of 24 billion euros annually in oil revenues through a European ban on oil exports, financial sanctions targeting 70% of the Russian …
Read More » -
25 February 2022 10:30 am
Precious Metals Give up Gains After Biden Announces Sanctions on Russia
Precious metals gave up gains, gold fell below $1,900 an ounce and palladium fell more than 5% as stocks rebounded after US President Joe Biden unveiled tough new sanctions against Russia on Thursday. And the price of gold in spot transactions fell 0.6 percent to $ 1895.76 an ounce, after …
Read More » -
25 February 2022 3:51 am
Market Drivers – US Session – 24 February
Fears and panic dominate financial markets as Russia launched a military assault on Ukraine. Moscow attacked not only the Donbass region but got near Kyiv during US trading hours. Russia ignores global sanctions and seems determined to take full control of Ukraine, while sanctions tend to avoid Russian energy. A …
Read More » -
25 February 2022 3:22 am
Russia’s next bombardment on Kyiv expected at 01:00 GMT
Russian military forces are expected to begin a large-scale bombardment of the Ukrainian capital city of Kyiv from around 01:00 o’clock (GMT), per a CNN correspondent citing an intelligence report. Markets have not reacted yet to this headline but it certainly will not be positive for global risk appetite if …
Read More » -
25 February 2022 3:09 am
WTI Back Around $93.00 Area As Sanctions Avoid Russian Energy
Oil markets saw the most intra-day volatility since in nearly three months on Thursday, with front-month WTI futures surging over $8.0 to above $100 for the first time since 2014, only to then drop all the way back to $93.00. The initial surge in crude oil prices was triggered as …
Read More » -
25 February 2022 2:43 am
Biden Aims To Cripple Russian Economy With Sanctions
US President Biden outlined a new round of sanctions against Russia on Thursday in response to an invasion of Ukraine that threatens to embroil Europe in a major war.The latest sanctions targeted Russian banks, as well as some of the nation’s wealthiest individuals. Biden depicted the measures as a necessary …
Read More » -
25 February 2022 2:20 am
Bitcoin’s Drop Reveal It’s Not Digital Gold
As geopolitical tensions rise, the cryptocurrency’s price has fallen. Bitcoin has experienced a choppy week amid Russia’s Ukraine invasion. Observers suggest the cryptocurrency might not be the safe haven backers believe it to be.Some digital-asset investors have previously described bitcoin as “digital gold”, referring to the idea that the cryptocurrency …
Read More »