Market movers today Market continues to focus on the Russia-Ukraine situation after Putin yesterday formally recognized the two separatist regions in Eastern Ukraine, Donetsk and Luhansk, as independent. Kremlin ordered troops to move into the Read more…
Markets Geopolitics completely overshadowed strong and promising European PMI business confidence (from 52.3 to 55.8 on a rebound in services). The Kremlin dashed early optimism on a potential Biden-Putin summit, calling it premature and unconfirmed. Read more…
US futures declined in early trading as geopolitical fears rose. Those tied to the Dow Jones declined by about 200 points while S&P 500 fell by about 35 points. The main concern among investors is Read more…
All hell broke loose yesterday, as the Russian President Putin said on a TV address that he recognizes the Ukraine’s two separatist regions Donetsk and Luhansk as republics. The latest statement also hints to the Read more…
Diplomatic stalemate between Russia and the West remains. Military escalation has already started in Eastern Ukraine and, according to US intelligence, Russia has the readiness for an imminent large-scale attack on Ukraine. On Monday evening, Read more…
Daily Pivots: (S1) 1.1282; (P) 1.1336; (R1) 1.1364; More… EUR/USD is still bounded in range of 1.1265/1482 and intraday bias remains neutral. On the upside, firm break of 1.1482 will target 38.2% retracement of 1.2348 Read more…
Daily Pivots: (S1) 1.3579; (P) 1.3609; (R1) 1.3632; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, break of 1.3642 will resume the rebound from 1.3356 to 1.3748 resistance. Firm Read more…
Daily Pivots: (S1) 0.9132; (P) 0.9176; (R1) 0.9203; More…. Intraday bias in USD/JPY remains on the downside as fall form 0.9341 is in progress for 0.9090 near term support. Firm break there will argue that Read more…
Daily Pivots: (S1) 114.61; (P) 114.87; (R1) 115.01; More… USD/JPY’s fall from 116.33 is still in progress and intraday bias stays on the downside for 114.14 support. such decline is seen as the third leg Read more…
Daily Pivots: (S1) 0.7164; (P) 0.7193; (R1) 0.7220; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rise would remain in favor as long as 0.7050 support holds. Above 0.7247 will target Read more…