EUR/USD dropped after confirmation of Putin’s recognition of breakaway Ukrainian regions which triggered fears of further escalation. US President Joe Biden has signed an executive order to prohibit trade and investment between US individuals and the two breakaway regions of eastern Ukraine. Federal Reserve sentiment favors the US dollar and adds pressure to the Euro. [...]
Sales volume in the UK in January rose 1.9% better than the forecast and the prior data, favoring the pound. The recent headline "President Biden has “agreed in principle” to meet the Russian leader if there is no invasion" has improved Market sentiment. Central Bank speeches remain on traders radars, with rate hike expectation from [...]
Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week and is trading around $40000. The worsening situation in Ukraine is the major catalyst prompting investors towards safe haven asset and pullback from perceived riskier asset – Bitcoin. The Market participants largely ignored the Fed minutes. Russia deployed troops to [...]
Fundamental view: Gold climbed up against the US dollar during the trading course of the week, with maintaining bid for 4 days of the week. The gains had a courtesy of Russia – Ukraine crisis amid Fed speaking ignored by market players. Russia deployed troops to the region, and Western nations feared an invasion. Moscow [...]
