Month: February 2022

WTI crude oil tumbles sharply today on de-escalation in Russia-Ukraine situation. Technically, a short term top should be in place at 95.98. Immediate focus is now on 55 day EMA (now at 91.18). Sustained trading Read more…

It has been a quiet week for the Canadian dollar, despite the crisis between Ukraine and Russia, which has captivated the world’s attention. The lack of movement could change on Wednesday, as Canada releases the Read more…

Markets More headlines about a Russian pullback hit the wires. Momentum started shifting yesterday after Russian defense minister Shoigu told president Putin that some of the country’s military drills have already ended and others were Read more…

USDCAD is trading around the 50- and 100-period simple moving averages (SMAs), which appear to have hindered the decline from the 1.2800 handle from diving towards the lower regions of the two-week sideways market. The Read more…

US stocks point to a strong start as Russia pulls some troops back from the border with Ukraine, easing tensions. Risk assets rally. US futures Dow futures +1.06% at 34917 S&P futures +1.2% at 4457 Read more…

Dollar retreats but risk-sensitive currencies shine on geopolitics The latest geopolitical developments seem to be the main market-moving factor in today’s trading session. Specifically, Russia announced that several military drills near the Ukrainian border have ended Read more…

Since the end of last week, the price of gold has risen by more than 3%. With a high of $1879, it was temporarily rose to highs since last June. Biden’s warning that Russia could Read more…

The first cryptocurrency returned to growth on Tuesday morning, adding 3.3% and rising to 43,500. Technically, BTCUSD held above the 50-day moving average and received support from buyers after another touch of this level. At Read more…