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,...
Markets Stabilized from Ukraine Crisis, But Risks Remain
Overall, the markets seem to have stabilized from the shocking invasion of Ukraine by Russia, for now at least. US stock markets staged a late and strong turnaround overnight while Asian markets also recovered. Gold is back pressing 1900 handle...
Gold and Oil Surge on Russian Invasion, Stocks and Euro Dive
Russia invasion of Ukraine remains the dominant theme in the markets today. Safe haven flow pushes gold to highest level in more than a year, marching towards 2k handle. WTI crude oil also surges pass 100 level, rising as it...
Global Markets Sink as Russia Invades Ukraine, Euro Under Heavy Selling
Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on safe-haven flows, together with Dollar....
Aussie Surges as Risk Sentiment Improves, Euro and Sterling Shrugs Hawkish Comments
The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar...
Markets Steady as Biden and Putin Agreed on a Ukraine Summit
The markets are steadily mixed in Asian session today. Sentiment is stabilized somewhat on news that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, as brokered by French President Emmanuel...
Yen and Gold Rise as Investors Stay Nervous on Russia-Ukraine
The markets are overall mixed today, as investors are holding their breath, awaiting confirmation on whether Russia is going to invade Ukraine, or not. Gold jumps notably and is now eyeing 1900 handle on nervous sentiment. In the currency markets,...
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...
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...
Euro Rebounds, Sentiment Improved as Russia-Ukraine Tensions Ease
Overall market sentiment improved a lot after Russia said it pulled back some troops near the border of Ukraine. As worries of imminent war eased, Gold and oil price dip notably, while stocks rebound. Euro is staging a recovery, together...