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 [...]
Fundamental view: Bitcoin initially traded high but later fell against the US dollar during the trading course of the week, However it managed to erase some of its previous week losses. War is the main market driver of the financial market now. Leaders from all the West’s nations have asked President Vladimir Putin to put [...]
Fundamental view: Gold edged higher against the US dollar during the trading course of the week and ended reaching its highest level since Nov 2020 at $1970. The War underpinned the demand of the safety haven precious asset. Leaders from all the West’s nations have asked President Vladimir Putin to put a halt to the [...]
