The US Treasury yields have been declining since the beginning of the daily trading on Friday, after consumer confidence data and their negative impact on the future of the US economy and economic recovery.Economic DataAccording to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to …
Read More »USD/JPY Around 115.10 Area Amid News On Imminent Invasion of Ukraine
During the North American session, the USD/JPY nose-dives as the Ukraine – Russia conflict escalates, on reports that Russia would attack Ukraine in the following week. The USD/JPY pair is now trading at 115.19.On the news headlines, the USD/JPY collapsed from 115.80 towards a daily low at 115.00, where the …
Read More »WTI Crude Hits Fresh 7-Year Highs Amid Volatile Trade
Front-month WTI futures saw an abrupt surge in recent trade from around the $92.00 per barrel level to as high as the $94.60s to print fresh highs since September 2014. The spike occurred as traders upped the amount of geopolitical risk premia embedded in oil prices in response to US …
Read More »AUD/USD Higher Amid Sluggish Markets, Light Data Calendar
The AUD/USD pair’s prices seesaw around 0.7125-20 during early Tuesday morning in Asia, having reversed most of Friday’s losses the previous day.The risk barometer cheered multiple upbeat catalysts from home to post notable gains at the week’s start. However, a light calendar and the market’s wait for the US Consumer …
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 …
Read More »Market Drivers – US Session – 7-12-2021
President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine. The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central …
Read More »Moscow Warned Of Economic Measures Over Ukraine
The White House says President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine, signaling that these new measures would pack a bigger punch than the sanctions issued in 2014 that failed to stop …
Read More »Market Drivers – European Session 20-10-2021
The European trading session, on Wednesday, was quiet for the second consecutive day. The U. S. dollar became further steadier earlier in the European session, but it is now following a more mixed trading pattern, with the sterling tracking lower as it moved away from key resistance near 1.3800.Gold’s gains …
Read More »Market Drivers – U. S. Session 13-10-2021
Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …
Read More »Putin: Russia will supply more gas if Europe asks
Russian President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, rejecting accusations that Moscow squeezes supplies for political motives.“If they ask us to increase further, we are ready to increase further. We will increase by as much as our partners ask …
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