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 [...]
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 [...]
