Stock futures are steady ahead of first trading day of March, Russia-Ukraine conflict in focus
Traders on the floor of the NYSE, Feb. 24, 2022. Source: NYSE U.S. stock futures were steady in overnight trading on Monday before the first trading day of March as investors continue to monitor the fighting between Russia and Ukraine....
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...
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...
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...
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,...
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...