Fundamental view: The Euro fell against US dollar and reached its lowest level since June 2020 on Thursday in this week and recovered just modestly ahead of the weekly close. The risk off market mood due to Russia invaded Ukraine, launching a massive military attack made the US dollar to soar. According to US intelligence, [...]
Russia invasion on Ukraine triggered the traders to rusk towards the safe haven assets. Upbeat US data and Hawkish comments from Fed favors the USD bulls. Geopolitical developments will determine the next market move. US dollar edges high against its counterpart Japanese Yen during Friday trading session. Traders flocked towards safety after Russia’s invasion [...]
The yellow metal rallies with investors flocking to safe havens. Russian forces invaded Ukraine after Vladimir Putin authorized a special military operation. Russia-Ukraine crisis walloped risk appetite, which in turn underpins the safe haven demand. Gold rallied on Thursday reaching its highest level in more than a year since investors are crowding towards safe [...]
The yellow metal takes a U turn from the highest levels since June 2021 reached on the previous day. Traders focus on Fed after the Russian- Ukraine risk started to fade. The absence of Japanese traders also triggers the bearish trend of XAU/USD. Gold is flat against the US dollar during Wednesday trading session [...]
