The US State Department said that more Russian troops, not fewer, are on the Ukraine border and they’re moving concerningly into fighting positions. However, they say there is still room for diplomacy unless they make the decision to go in. The latest Ukrainian intelligence report shows no evidence of Russian …
Read More »Gold Slips From Over 8-Month High
Gold fell on Monday after hitting its highest level in more than eight months, as demand for safe havens waned after the US and Russian presidents announced their intention to hold a summit on the Ukraine crisis, and the metal came under further pressure from an expected interest rate hike …
Read More »S&P falls On Russia-NATO Tensions
US equity markets were under pressure on Thursday, with all major US indices dropping more than 1.0%. Markets fell as Russia-NATO tensions continue to escalate against the background of uncertainty about the timeline of Fed tightening. US equity markets were under pressure on Thursday, with all major US indices dropping …
Read More »Gold Hits $1900 As Russia-NATO Tensions Boil
The Gold Index (XAU/USD) hit $1900 per ounce for the first time since June 2021 on Thursday, taking its on-the-day gains to more than 1.5% as geopolitical tensions between Russia, Ukraine and NATO simmer, stimulating demand for safe-haven assets.Gold now trades more than 2.0% higher on the week, taking its …
Read More »WTI Rebounds To $92.00 From Recent $90.00 Lows
WTI crude rebounded sharply on Thursday after Wednesday’s US-Iran negotiation progress had invaded news headlines triggering a sharp price drop.Having been as low as $90.00 per barrel on Wednesday, WTI is now trading near $92.00 again thanks to escalating Russia-NATO tensions. A long-term trendline continues to offer WTI support.Oil prices …
Read More »State Department: Russian troops taking fighting positions
The US State Department said that more Russian troops, not fewer, are on the Ukraine border and they’re moving concerningly into fighting positions. However, they say there is still room for diplomacy unless they make the decision to go in. The latest Ukrainian intelligence report shows no evidence of Russian …
Read More »EUR/USD Eying Golden Ratio
As per a series of analyses this week, EUR/USD bulls are eying 61.8% golden ratio, but bears are in the slipstream, and EUR/USD bulls tread around with caution in a field of land mines and disruptive Russian headlines, meanwhile the price stays on course.Analysis has also taken into account the …
Read More »Putin Not Satisfied With NATO’s Assurance On Ukraine
Russian President Vladimir Putin said on Tuesday that he is not satisfied with assurances that Ukraine will not become a NATO member in the near future, wants the issue to be settled right now or soon through a negotiating process, reported the Washington Post. Markets have not reacted to the …
Read More »Impact of Ukraine’s Invasion On Global Economy
Financial markets are so edgy about tensions in eastern Europe, for good reason. Geopolitical scares typically produce very short-lived market disruptions, with commodities and risk assets quick to recover. The standoff between Russia and Ukraine could be different. Russia is threatening a massive invasion that could quickly subdue Kyiv, the …
Read More »GBP/USD Retreats Amid Risk-Off Market Mood
The GBP/USD snaps two days of gains and begins the week on the wrong foot amid increasing geopolitical tensions in eastern Europe. At the time of writing, the GBP/USD is trading at 1.3528.The market sentiment is downbeat, depicted by European bourses falling, while US futures point to a lower open. …
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