American equities retreated for the second straight day this week as Vladimir Putin’s attack on Ukraine intensified. The Russian military bombed multiple residential areas on Tuesday, killing hundreds of civilians. At the same time, two of the biggest shipping companies, Maersk and Mediterranean, announced that they will stop picking and dropping cargo in Russia. That […]
The post Crude Oil Hits $105 as Russian Invasion Intensifies appeared first on Action Forex.
I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…