WTI oil tops $100 per barrel as situation in Ukraine escalates
WTI oil cracked psychological $100 barrier on Thursday, as escalation of the situation in Ukraine into military conflict, sparked strong worries about the global supply and pushed the price sharply higher.
The contract was up nearly 8% in…
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Gold surges towards $2000 on safe-haven buying as war in Ukraine starts
Spot gold advanced over 3% this morning, hitting the highest since September 2020, as traders massively run into safety after Russia launched a military action against Ukraine.
Strong bullish acceleration rose well above $1950, with Fibo…
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Russia -Ukraine war
Russian forces launch invasion on Ukraine this morning after President Putin authorized a military operation in east of the country.
A missiles were fired at several cities in Ukraine and Russian troops moved into the country, with…
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Oil prices remain at the back food on fading supply concerns but biased higher above $90
WTI oil consolidates on Wednesday following a 2.4% drop on Tuesday, after concerns about the disruption of oil supplies on the first wave of US and European sanctions on Russia eased.
Also, the signals of potential return of Iranian oil to…
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Aussie rises to one-month high on fresh risk mode, solid Australian data
The Australian dollar surges to one-month high on Wednesday, lifted by fresh risk demand and growth of Australian wages in Q4.
The pair extends advance into third consecutive day, with today’s break of pivotal barriers at 0.7232 (Fibo…
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Gold eases on profit-taking but bulls remain firmly in play on strong geopolitical tensions
Spot gold eases below $1900 mark on Tuesday after hitting new highest since June 2021 at $1914 earlier today.
Metal’s price was deflated by higher equities despite persisting high tensions over Ukraine, as well as profit-taking,…
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Cable turns south on dovish comments from BoE policymaker
Cable lost traction on Tuesday and fell to four-day low, following repeated failure to sustain break above key 1.36 barrier (Fibo 61.8% of 1.3748/1.3357 descend).
Near-term sentiment softened on renewed tensions over Ukraine and relatively…
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German business morale rises strongly on easing coronavirus crisis
The German Ifo Institute’s business climate index climbed to 98.9 in February, the highest since August last year, rising from January’s upwardly revised 96.0 and strongly beating forecast at 96.5.
Significant improvement in business…
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EU economic activity accelerated above expectations in February
The Eurozone’s Composite Purchasing Managers Index which tracks the performance of both, manufacturing and services sectors and is seen as guide to overall economic health, rose to the highest in five months at 55.8 in February from 52.3 in…
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Cable regains traction on optimistic news
Bulls tighten grip on Monday, driven by news of possible Biden-Putin meeting over Ukraine that revived risk appetite at the beginning of the week.
Fresh strength pressures tops of past two days (1.3638/42) which lay just ahead of pivotal…
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