The euro’s one-month volatility jumped to a 15-month high on Tuesday, as the single currency was hurt by increased risk aversion amid rising gas prices and escalating tensions in Ukraine. Russian President Vladimir Putin ordered troops into two breakaway regions in Ukraine, sending the one-month euro volatility index to its …
Read More »The Euro Fails to Break Through The Resistance 22/2/2022
The euro’s attempts to stabilize above the key supply area published throughout last week’s reports at 1.1380, which represents the key to the bearish trend, pushed the pair towards the target 1.1300, recording its lowest level during the morning trading at 1.1295. Technically, by looking at the 4-hour chart, we …
Read More »US Dollar Still Winner As Russia Breaks Up Diplomatic Talks,
Risk aversion took over financial markets at the beginning of the week amid escalating geopolitical tensions in Eastern Europe. The US dollar managed to advance against its high-yielding rivals but lost ground against safe-haven ones. Mid US-afternoon, Russian President Vladimir Putin recognized Donetsk and Luhansk in Eastern Ukraine as independent …
Read More »Market Drivers – European Session 21-2-2022
An OPEC + source told Reuters that the commitment of the producer group to oil production cuts rose to 129 percent in January, noting that some members are still finding it difficult to increase their production. This compares with 122 percent in December and 117 percent in November. The source …
Read More »The Euro Rises Supported by The Possibility of a Summit Between Biden and Putin
The euro rose on Monday, supported by news of a possible summit between US President Joe Biden and Russian President Vladimir Putin to discuss the crisis in Ukraine. Details remain unclear, but French President Emmanuel Macron’s office said the two leaders had agreed in principle to hold a summit on …
Read More »Eurozone Consumer Confidence falls Below expectations
According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.8 in February versus forecasts for a slight rise to -8.0 from -8.5 the month prior of January. The euro did not see any reaction to the slightly weaker than expected Eurozone …
Read More »Safe Haven Currencies Fall on Hopes Over Ukraine Crisis
The safe-haven Japanese yen weakened on Friday, and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The Euro rose as the dollar weakened. The yen and the Swiss franc, a …
Read More »The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede
The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for January. Movements were small in the currency markets, and the dollar index was …
Read More »The Euro is Unchanged 18/2/2022
The Euro continues to attempt to rise against the US dollar, but still limited, unable to consolidate above the main supply point published during the current week’s reports at 1.1380, which keeps the technical outlook unchanged. From the technical analysis point of view today, the current movements of the Euro …
Read More »Demand For Safe Havens Surges, With US Dollar As Only Exception
Ukraine-Russia conflict continued to dominate the headlines and fueled demand for safe-haven assets, although speculative interest stood away from the greenback. Major pairs remained stable within familiar levels after both countries blamed each other for some shelling that took place early on Thursday in the Donbass territory.The situation escalated as …
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