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...
Ukraine government raises over $10 million in cryptocurrency donations
Ukraine’s President Volodymyr Zelenskyy holds a press conference on Russia’s military operation in Ukraine, on Feb. 25, 2022 in Kyiv. Anadolu Agency | Getty Images Ukraine’s government has raised more than $10 million in cryptocurrency donations, turning to an unlikely...
Roller Coaster Rides in Markets as Russia Invades Ukraine
The markets had a roller coaster ride on Russia’s invasion of Ukraine last week. At the time of writing, Kyiv remains in Ukrainian hands after three days of brutal attack by Russia. Wave of European leaders have start delivering supplies...
Weekly Economic & Financial Commentary: Some Economic Implications of the War Between Russia and Ukraine
Summary United States: Russia-Ukraine Conflict May Push Up Prices, but Inflation Has Yet to Slow Spending The Russian invasion of Ukraine dominated news headlines this week, and we cover the economic and financial implications of the conflict in a number...
The Weekly Bottom Line: Commodity Prices Rise Ahead of Key BoC Meeting
U.S. Highlights The Russian invasion of Ukraine shook markets this week with the S&P 500 entering correction territory before making gains Friday. Given Russia’s role as a key global energy producer, market concerns about supplies have driven prices for oil...
Bank of Canada Rate Hike Expected Despite Geopolitical Turbulence
Russia’s invasion of Ukraine is not expected to keep the Bank of Canada from hiking interest rates next Wednesday. Though added disruptions to global supply chains would eventually filter into Canadian trade flows, and higher commodity prices will boost costs...
Stocks making the biggest moves midday: Foot Locker, Etsy, Block, Carvana, Dish Network and more
Etsy displayed on the Nasdaq billboard in Times Square New York. Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce shopping platform rallied more than 13% in...
US Core PCE Still Hot; Is 50 bps in the Cards?
The US released a host of data of Friday morning, the most important of which was the January reading of the core personal consumption expenditure price index (Core PCE). The headline PCE Price Index was 6.1% YoY vs 5.9% YoY...
Stocks Extend Rebound, EUR/GBP Turning Around
Global stocks continue to rebound today. The West’s refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue to take a back seat,...
EUR/USD Correcting Losses from 1.1106 Low
The Euro started a major decline from well above 1.1320 against the US Dollar. The EUR/USD pair traded below the 1.1265 support zone to enter a bearish zone. There was a move below the 1.1150 level the 50 hourly simple...
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