Stock futures slump Russian troops take Europe’s largest nuclear plant; February jobs report in focus as Fed rate decision looms; oil prices surge on Russian nuclear attack, Iran deal concerns; Costco shares slide as supply Read more…
The single currency approached 1.1000 against US Dollar – its lowest since May 2020 – and is close to declining for the fourth week in a row. Investors fleeing into safe havens outside the eurozone Read more…
Eurozone retail sales rose only 0.2% mom in January, well below expectation of 1.5% mom. Volume of retail trade increased by 0.2% for non-food products, remained unchanged for food, drinks and tobacco, and fell by Read more…
UK PMI Construction rose from 56.3 to 59.1 in February, above expectation of 57.4. Markit said growth was led by marked and accelerated rise in housing activity. Input cost inflation dipped to 11-month low. Business Read more…
NZDUSD has steered decisively beyond the 0.6800-0.6817 resistance border that has capped advances since mid-January and is looking buoyant. Above the 200-period simple moving average (SMA), the ascending 50- and 100-period SMAs continue to endorse Read more…
The FTSE 100 slipped after the second round of talks between Russia and Ukraine ended without much result. The index met stiff selling pressure at 7560 then fell below the critical floor at 7170. Increasingly Read more…
The New Zealand dollar recovers amid commodity price rallies. After the pair found support near last September’s lows (0.6530), a bullish MA cross on the daily chart suggests that sentiment could be turning around. A Read more…
The Japanese yen stalled after an increase in January’s unemployment rate. The pair’s rally above the supply zone around 115.80 has put the US dollar back on track. The general direction remains up despite its Read more…
Summary The circumstances surrounding the Russian invasion of Ukraine and resulting military confrontation continue to evolve quickly, and at times in unexpected ways. The conflict between Ukraine and Russia is occurring not only in the Read more…
Markets There was still no reason for investors to consider rowing against the ruling risk-off yesterday as there was no evidence on any solution to Russian invasion in Ukraine. Persistent uncertainty on the length and Read more…