Day: February 28, 2022
Eurozone CPI to Rise Again, Likely Add to ECB’s Dilemma Amid Ukraine Crisis
Inflation in the euro area again is heating up and data out on Wednesday (10:00 GMT) will probably underscore this trend. The harmonised index of consumer prices (HICP) is expected to have hit another record high in February, likely dashing hopes that inflation would begin to peak in the early part of 2022. But that’s …
Eurozone CPI to Rise Again, Likely Add to ECB’s Dilemma Amid Ukraine CrisisRead More
Stock Markets Dive Further, But Others Steady
Markets are staying in risk aversion today with heavy selling in stocks. Expectations on the negotiation between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin are low. Meanwhile, other markets are relatively steady. In forex, Swiss Franc, Yen and Dollar are still the stronger ones ,while Euro is the weakest. But still, most pairs …
EURUSD is Plunging
On Monday 28 February, the major currency pair is falling and trading at 1.1169. Market players are now interested in the “safe” USD as it often happens during global market fluctuations. Investors are not so focused on statistics as before due to inflamed geopolitical tensions in the world. However, there will be some interesting reports …
EUR/USD Holding Up Well Despite Ukraine Conflict
If there were ever an opportunity for the euro to reach parity with the US dollar, it would have been now. But EUR/USD has held up better than most would have expected given the severity of the Ukraine conflict. Granted, at the time of writing, the pair is down by some 1.2% since the beginning …
Gold Decreases Sharply after the Spike to New 19-month Peak
Gold prices started the day with a positive gap, but they quickly declined lower, unable to re-challenge the 19-month high of 1,974. The RSI indicator is showing some positive signs as it is pointing upwards in the bullish region; however, the MACD is approaching its trigger line for a bearish cross above its zero level. In case there are …
Gold Decreases Sharply after the Spike to New 19-month PeakRead More
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