The US Department of Defense spokesperson Joh Kirby said on Wednesday that Russian forces are in an “advanced” state of readiness near Ukraine. Separately, the White House reiterated on Wednesday that US President Joe Biden does not have any plans to send soldiers to Ukraine to fight.
Read More »USD Winner Amid Eastern Europe Crisis
The day started with investors optimistic about Eastern Europe developments, but the market sentiment deteriorated during the US trading session’s hours, resulting in the stronger USD against most of major global counterparts.Ukraine has declared the State of Emergency starting 24 February for 30 days amid reports from US intelligence indicating …
Read More »US Shares Retreat To Fresh Lows Amid Potential War Woes
Concerned About Russia-Ukraine WarUS shares were down for a fourth consecutive session on Wednesday fears about a full-scale Russian invasion of Ukraine continued to rise.The S&P 500 fell back under the 4300 level and hit fresh monthly lows under 4260, with bears eyeing a test of annual lows around 4222. …
Read More »AUD/USD Retreats Amid Invasion-Related Anxiety
Benefitted from the Reserve Bank of New Zealand (RBNZ) 25 bps rate hike and its hawkish move forward guidance, the AUD/USD climbs to fresh monthly highs, around 0.7280. A sudden swing in the market mood due to elevated tensions in Ukraine decreased appetite for risk-sensitive currencies like the AUD. At …
Read More »Gold Hits $1910, Eying Weekly Highs Amid Geopolitical Woes
Gold has been on the front foot in recent trading hours, pushing towards $1910 and eyeing weekly highs just above it. Following US warnings to Ukraine that a Russian invasion could come within 48 hours, market anxiety is elevated.The Gold Index (XAU/USD) has been rallying from earlier session lows in …
Read More »Gold Falls as Risk Appetite Improves, Focus on Ukraine
Gold fell on Wednesday as risk-related assets rose, as investors in the precious metal awaited more developments in the Ukraine crisis while preparing for major central banks to raise interest rates soon. By 1035 GMT, spot gold fell 0.2 percent to $1,894.82 an ounce, retreating from a nearly nine-month high …
Read More »Japan Imposes New Sanctions Against Russia
The Prime Minister of Japan, Kishida Fumio, announced the imposition of sanctions against Russia against the backdrop of Russia’s recognition of the independence of the Donetsk and Luhansk People’s Republics from Ukraine. Japan’s sanctions stipulate banning exports from the republics of Donetsk and Luhansk, freezing the assets of their officials, …
Read More »Ukraine Calls Up Reservists
The Ukrainian Armed Forces said in a statement that on Wednesday, February 23, they began recruiting reservists between the ages of 18 and 60, in implementation of a decree issued by President Volodymyr Zelensky. She added that the maximum service period is one year. Zelensky said on Tuesday that he …
Read More »Market Drivers – US Session – 22 Feb. 2022
Relatively short wave of optimism touched financial markets during London trading hours, as Ukrainian President V. Zelenskyy said that he believes there would not be war nor a wider escalation. Economic DataMarkit flash PMIs for the EU, and the US were generally encouraging, indicating economic expansion in February as the …
Read More »US Bliken’s Remarks Impact gold market sentiment
Gold: US Bliken’s Remarks Impact market sentiment Gold prices were trapped in a range as sellers emerge to sell the news on Russia. Fed is moving back into focus as the Russian risk premium starts to decay. Traders watching for further deployment of Russian troops in expanded borders of Donetsk …
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