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 …
Read More »Boris Johnson’s Chances Of Survival Rated 50/50
Cabinet Ministers believe there is a 50/50 chance that Boris Johnson will be forced out of office after four of his most senior aides quit 10 Downing Street and his Chancellor publicly rebuked him,” said the Times while conveying political hardships for UK’s Johnson during early Friday morning in Asia.Dan …
Read More »Market Drivers – US Session – 21-01-2022
The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …
Read More »UK Pound Struggles Amid Potential PM Replacement
The GBP/USD pair has maintained choppy performance on Thursday with the US dollar seeing a mixed reaction to weaker than expected initial jobless claims and housing data, though the pair has for the most part remained well supported to the north of the 1.3600 level. At current levels in the …
Read More »Parliamentary Plot To Oust Boris Johnson
“Boris Johnson is set to announce the lifting of ‘Plan B’ COVID restrictions on Wednesday as a plot to oust him by Tory MPs first elected in 2019 emerged.The news also mentioned UK Prime minister Johnson to have appeared forlorn in a television interview while apologizing for misjudgments ‘that I …
Read More »Europe Alarmed By Looming Fifth Wave, Lockdowns
UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …
Read More »GBP/USD Surges Despite UK Coronavirus Outbreak
The GBP/USD pair has reclaimed the 1.3200 figure as US Treasury bond falls despite coronavirus outbreak in the United Kingdom.The British pound recovers from earlier losses and is able to reclaim 1.3200 amid global concerns on the Omicron variant, and surprising resignations over negotiations with the EU, as British negotiator …
Read More »US Shares Cautiously Maneuver On Uncertain Session
US shares markets came under pressure on the first trading day of the week after the S&P 500 managed a record high close last Friday at 4712.The index has dropped more than 25 points to current levels in the 4680s, recording recent decline of over 0.5%. Still, the S&P 500 …
Read More »Gold Price, USD 1810 Eyed
On Monday, the price of gold started off as investors are eyeing a breakout to test the familiar daily resistance near USD 1815. The yellow metal is higher by some 0.3% and has travelled between a low of USD 1781.89 and a high of USD 1791.65.The start of the week …
Read More »UK Shares Struggle Ahead Of BoE Meeting
UK stocks struggled for traction on Monday as a warning over the omicron variant weighed on THE market sentiment.The FTSE 100 index UK:UKX slipped by 0.2% to settle at 7,278, though the mining sector appeared to be getting a boost, after China’s top officials reportedly set 2022 targets that included …
Read More »