As US markets were closed in observance of the Juneteenth Holiday, markets have had a tranquil start to the week with no data. The American Dollar partially recovered from the enormous losses of the previous week, but it is still struggling as Gold stays around $1,950 per troy ounce and …
Read More »Moscow Imposes Sanctions on Biden, Blinken
Russia’s foreign ministry said, Tuesday, that Russia has decided to impose sanctions on US President Joe Biden and Secretary of State Anthony Blinken.“Russian sanctions also apply to US Defense Minister, National Security Adviser, Chief of CIA and others”. As for the market’s reaction, this development doesn’t seem to be having …
Read More »Gold Hovers Around $1900 Amid Improved Market Mood
Gold is subdued on a choppy trading session, clinging to the $1,900 mark amongst an overall upbeat market mood, following a series of sanctions imposed by the US to Russia, which appeared to be measured, an excuse for investors to seek riskier assets. XAU/USD is trading at $1,907 at the …
Read More »GBP/USD Cannot Break Above February Range
GBP/USD tried but was unable to break above its 1.3500-1.3650ish range that has prevailed for most of February. The pair fell back under 1.3600 in the US session as geopolitical angst remains elevated. That kept USD in demand and negated pushback against a 50bps March rate hike from Fed’s Williams.The …
Read More »How Will USD/JPY Respond To Blinken’s Remarks Before UN Security Council?
US Secretary of State Antony Blinken will be delivering his remarks on the Russia-Ukraine conflict at a UN Security Council Meeting, from UN Headquarters in New York City, on Thursday.Markets remain risk-averse on Thursday on reports pointing to a heightened risk of a Russian invasion. The benchmark 10-year US Treasury …
Read More »Iran: Closer Than Ever To An Agreement
Iran’s top nuclear negotiator Ali Bagheri Kani tweeted on Wednesday that, following weeks of intensive talks, the JCPOA participants including the US and Iran are closer than ever to an agreement. However, he added that “nothing is agreed until everything is agreed”. His tweet comes after French officials had said …
Read More »How Latest Geopolitical Tensions Impacted Financial Markets
Tensions are escalating in Eastern Europe as several reports refer to potential invasion of Ukraine. The crisis brought about several important developments that, in effect, throw heavy shadows on the financial markets, and, in turn, impact price movements as well as igniting concerns on oil supply disruption.The new developments include …
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