Euro in a free fall on strong risk aversion; key levels under pressure
The Euro fell sharply on Thursday, losing 1.5% and hitting the lowest in more than three weeks against the dollar, as global uncertainty over Russian invasion on Ukraine dampened risk sentiment and prompted investors into safer assets.…
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Russia-Ukraine war
The latest media reports say that Russian forces are just 20km away from the centre of the capital Kyiv
US and EU officials warn of more sanctions on Russia, with US President Biden threatening that severe sanctions will be imposed…
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Dollar rises across the board as investors flee to safety
The dollar index was significantly higher on Thursday as Russian launches a military attack against Ukraine and investors flee to safety.
The greenback’s fate is pinned to the biggest components of the index, which are in defensive, with…
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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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