Choppy market condition due to worsening Russia - Ukraine crisis weighs on the king crypto. Moscow’s recent actions breaks trust on the peace talks. Hawkish Fed Chair Powell comments on the rate hike and the recent risk aversion wave favors the USD bulls. Bitcoin dropped against the greenback during Friday trading session as Choppy [...]
Gold is under modest selling pressure expectations of a ceasefire between Russia and Ukraine. The testimony of Federal Reserve (Fed) chair Jerome Powell underpinned the gold. Apart from Russia - Ukraine talks, Traders await US Initial Jobless Claims and ISM Services PMI due later today. The yellow metal is trading up and down within [...]
Oil prices surged more than 10% as massive uncertainty sparked by Russia's invasion of Ukraine. Canadian dollar gains as economy seen growing in January after strong fourth quarter. Market price in a 0.25% rate hike from Bank of Canada. The Loonie pair pulls back from the bullish trend on Wednesday, The rationale behind this [...]
Australia, net energy exporter gains from higher commodity prices amidst Ukraine crisis. Reserve Bank of Australia (RBA) keeps its monetary policy unchanged, with OCR at 0.10%. Upbeat China's PMI and Australia Upbeat retail sales data of January month favors Aussie, Ukraine development eyed. The Australian dollar was resilient on Tuesday since strength in domestic [...]
