ECB Executive Board member Isabel Schnabel said in a speech, “how today’s attack on Ukraine changes the euro area outlook is highly uncertain at this stage. We are monitoring the situation closely and will carefully Read more…
Russia’s status as a major commodity producer could mean higher inflation ahead, with gas prices rising to $4 a gallon. One peripheral casualty of Russia’s Ukraine invasion could be the U.S. economy. Russia doesn’t have Read more…
Due to the situation in Ukraine there are speculations about a possible blocking of Russia on the SWIFT network. This note explains briefly what SWIFT is and what blocking of Russia would mean. In the Read more…
Hopes that diplomatic moves could avert a Russian invasion of Ukraine were shattered early Thursday, as Russia launched a full-scale attack. The move was not all that surprising, given the massive Russian buildup on the Read more…
EUR/JPY falls towards 128.00 Russia invading Ukraine has sent risk sentiment plunging lower, lifting demand for safe havens such as the Japanese yen. Putin authorized a special military operation in Donbas, Ukraine triggering risk aversion Read more…
Markets Financial markets were more or less prepared for Russian military presence in the Donbas region earlier this week, but not so much for the current demilitarization on the rest of Ukrainian soil, probably with Read more…
Elon Musk is still the world’s richest man, despite a recent drop in wealth. It happened to the dodo. It happened to the wooly mammoth. And now it has happened to Musk. The $200 Billion Read more…
Daily Pivots: (S1) 1.2688; (P) 1.2729; (R1) 1.2777; More… USD/CAD’s rise from 1.2448 resumed by breaking 1.2795 resistance. Intraday bias is back on the upside for 1.2963 resistance first. Break there will target 1.3022 long Read more…
Daily Pivots: (S1) 114.91; (P) 115.05; (R1) 115.18; More… USD/JPY’s break of 115.23 minor resistance mixes up the near term outlook. Intraday bias is turned neutral first. On the upside, firm break of 116.34 will Read more…
Daily Pivots: (S1) 0.9162; (P) 0.9191; (R1) 0.9212; More…. Range trading continues in USD/CHF and intraday bias stays neutral first. Choppy rise from 0.8925 would still be in favor to extend higher as long as Read more…