Bitcoin has been crushed at times over the last week, but the improvement markets have seen in risk appetite has given it a big boost. It is now recovering around 15% from yesterday’s lows and is up more than 2% today.Bitcoin is the ultimate risk asset, and if sentiment remains …
Read More »Market Drivers – US Session – 24 February
Fears and panic dominate financial markets as Russia launched a military assault on Ukraine. Moscow attacked not only the Donbass region but got near Kyiv during US trading hours. Russia ignores global sanctions and seems determined to take full control of Ukraine, while sanctions tend to avoid Russian energy. A …
Read More »Russia’s next bombardment on Kyiv expected at 01:00 GMT
Russian military forces are expected to begin a large-scale bombardment of the Ukrainian capital city of Kyiv from around 01:00 o’clock (GMT), per a CNN correspondent citing an intelligence report. Markets have not reacted yet to this headline but it certainly will not be positive for global risk appetite if …
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 »Gold Rises as Investors Await The Release of The Minutes of The US Central Bank Meeting
Gold prices rose on Wednesday after falling in the previous session with the yellow metal retaining its allure as a hedge against inflation ahead of the release of the minutes of the Federal Reserve meeting later on Wednesday. Spot gold rose 0.1 percent to $1,854.97 an ounce by 1030 GMT. …
Read More »Gold Price Index Nose-dives $20 as risk Sentiment Improves
The gold price index plunges $20 during the North American session as Russia-Ukraine crisis eases and investors move from the non-yielding metals towards riskier assets. XAU/USD is trading at $1849.25.As portrayed by European and US equities rise, the market sentiment remains positive, as easter Europe tension abate some after German …
Read More »NZD/USD Retreats From Daily Highs Despite Russia Troop Withdrawal
The NZD/USD pair extends to four days of losses in the North American session, courtesy of the financial markets’ risk-off environment since Friday. At the time of writing is trading at 0.6605.Risk appetite is back so far. Updates crossing the wires that some Russian troops are returning to the base …
Read More »Does Bitcoin’s Surge Signal Greater Risk Appetite?
Bitcoin and other cryptocurrencies advanced on Wednesday, reversing an earlier pullback. Stocks were also higher, partly due to the decline in Treasury bond yields.Trading volume is starting to tick higher, but still below January highs. Most cryptocurrencies have been significant gainers in the last 24 hours, potentially signaling the market’s …
Read More »NZD/USD Rebounds Amid Improved Risk Appetite
The NZD/USD pair is enjoying a modest rebound from the 14-month lows it struck last Friday amid improved risk appetite. Traders will have plenty of US data, Fed speakers’ statements and remarks, in addition to Q4 NZ jobs data to monitor this week.A more risk-on mood in global equity and …
Read More »EUR/USD Clings to 1.1150s but downside risks remain
The EUR/USD pair is under heavy downward pressure, as the pair eyes May 2020 swing lows. The EUR/USD’s bulls failure to defend 1.1100, it would open the door towards 1.0775.After holding above 1.1200 for too many days before USD bulls launched an attack to 2021 yearly low, however, the shared …
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