Tag Archives: EU

The EUR/USD pair recovered from an intraday low of 1.0810, currently trading at around 1.0825 after flirting with the year low. The dollar benefited from hawkish Federal Reserve speakers and overall keeps advancing in a risk-averse environment. After Russian President Vladimir Putin claimed that talks with Ukraine are at a …

The German Foriegn Minister on Monday said that EU Foreign Ministers had agreed that weapon deliveries to Ukraine would be intensified and noted that Ukrainians can only be defended with weapons. The German Foreign Minister added that it is important that the EU doesn’t disappoint the ambition of Western Balkan …

US energy firms last week added oil and natural gas rigs for a third successive week as the federal government seeks more production to help its allies wean themselves off Russian energy, mainly oil and gas.The oil and gas rig count, an early indicator of future output, rose 16 to …

The WTI crude oil is expected to end lower for a second successive week. Meanwhile, traders digest this week’s IEA reserve release announcements.The WTI crude oil currently trades a little bit lower on the day around $96.00 after hitting March lows on Thursday. Technical selling after breaking below a long-term …

Japan’s Nikkei index recorded its worst weekly performance in almost a month on concerns about the impact of the Federal Reserve’s tightening of its monetary policies, the conflict in Ukraine, and the closure measures in China. The Nikkei index lost 2.46 percent this week, its worst performance since the week …

The market’s sentiment continued cautious as traders’ focus shifted to central banks’ hawkish rhetoric and tensions between the US allies and Russia. The US widened its actions against Moscow, hitting Russian Sberbank and Alfa Bank. Investment in Russia by American companies is banned. The EU is backing a Russian coal …

Brent crude futures fell 49 cents, or 0.5%, to settle at $100.58 a barrel while WTI crude fell 20 cents, or 0.6%, to settle at $96.03 a barrel. The previous session, both benchmarks plunged more than 5% to their lowest closing levels since March 16. Oil settled lower on Thursday, …

Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …

The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …

Risk-off flows in European equities coupled with downside in Eurozone yields weighed heavily on EUR/JPY on Thursday. The pair was last trading down 1.0% in the 154.50 area, a sharp reversal from intra-day highs closer to 157.00.A sharp drop in Eurozone yields coupled with downside in major European equity bourses …