Pound climbed against the greenback with investors showing shaky optimism towards diplomatic solution on the Ukraine crisis. Russian oil for imports severely impacted the sterling. Investors keep an eye in the US Consumer Price Index (CPI) numbers, which is due later today. Cable is trading high cheering the much-awaited compromise between the Kremlin and [...]
Euro trades higher with hopes of dialogue as Ukraine retreats from NATO membership and ready to compromise. Investors were also hesitant to sell the euro ahead of a European Central Bank policy meeting on Thursday. Upbeat prints of German Industrial Production (IP) for January favors the Euro bulls, However Ukraine- Russia crisis eyed. Euro [...]
The antipodean has slipped on a pullback in commodity prices as investors paused to reassess the Russia-Ukraine conflict. Russia warns Western countries could face oil prices of over $300 per barrel, cuts to EU gas supply, weighs on the market sentiment. Australia’s NAB Business Confidence improved in February. Australian dollar dips following the footprint [...]
The yellow metal remains on the front foot as traders seek risk-safety amid the ongoing Russia-Ukraine woes. US House Speaker Nancy Pelosi explores legislation that would ban Russian oil imports, weighs on the market sentiment. Upbeat Employment data favors the Fed hawks and raises the rate hike expectation. Gold prices has scaled the $2000 [...]
