Market Sentiment Remains Fragile as Investors eye Ukraine Escalation
Dollar stuck between opposing directional forces The ongoing tensions between Ukraine and Russia continue to be the main driving force behind market moves today as yesterday’s signs of de-escalation have completely evaporated. Specifically, the two sides are exchanging accusations over violations of ceasefire near the Eastern-Ukrainian borders,...
Sentiment Remains Fragile and Sensitive to Ukraine Situation, Aussie Shrugs Mixed Job Data
Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market sentiment remains rather fragile and...
AUD/USD Faces Uphill Task Near 0.7280
Key Highlights AUD/USD is facing a strong resistance near 0.7250 and 0.7280. A key bullish trend line is forming with support near 0.7140 on the 4-hours chart. EUR/USD might gain momentum if it settles above 1.1400. Crude oil price is...
US Retail Sales Solid for January
There is an adage on Wall Street: “Never underestimate the American consumer”., which appears appropriate for January’s retail sales data Headline US Retail Sales for January were up 3.8% MoM vs an estimate of only 2% MoM. This was the...
Canadian Dollar Popped Up by CPI, Sentiment Turns Cautious Again
Overall market sentiment is slightly weaker entering into US session. While Russia showed videos of tanks leaving Crimea, NATO questioned de-escalation and said troop buildup was still going on. There is little reaction to much stronger than expected US retail...
USDJPY Uptrend Intact as Negative Pullbacks Negated
USDJPY is exhibiting a bullish tone as it approaches the 116.00 handle after the 50- and 100-day simple moving averages (SMAs) defused sellers’ attempts to steer the pair lower. The soaring SMAs are shielding the broader ascent in the pair....
Stock futures inch lower after major averages snap 3-day losing streak
U.S. stock index futures were slightly lower during overnight trading Tuesday, after registering gains on the session amid signs of tensions easing between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average shed 39 points. S&P 500...
Vote on Biden Fed picks delayed as GOP presses for answers on Raskin’s ties to firm
Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021....
Digital Revolution: Will Cryptocurrencies Take Over the World? Part IV
Part IV: Conclusions Summary Monetary systems have evolved over centuries, and there is nothing inherently “permanent” about the current system, which is composed of “public” money (i.e., paper bills that are the liabilities of central banks) and “private” money (i.e.,...
Dollar Recovers ahead of Fed Minutes and Retail Sales
Traders are betting the Fed will take a sledgehammer to crush inflation, but that wasn’t enough to really boost the dollar until fears of armed conflict in Ukraine sent investors into the reserve currency’s safety. The latest retail sales data...
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