All Articles Tagged - EURUSD

Daily Market Comment – Oil prices go ballistic as Ukraine crisis deepens

Posted on March 2, 2022 at 9:59 am GMT

Oil prices go parabolic, climb almost 20% this week as sanctions bite Dollar and yen advance, gold shines, yields crumble, stocks retreat Coming up – Ukraine peace talks, Powell testifies, OPEC and BoC meet Energy market in turmoil The war in Ukraine has unleashed havoc on financial markets, with some of the most liquid securities on earth trading like penny stocks lately as nervous traders scramble to either hedge their risk exposure or liquidate assets. Oil prices are the perfect [..]

Technical Analysis – EURUSD loses steam in trading range; 1.1100 act as strong support

Posted on March 1, 2022 at 2:21 pm GMT

EURUSD has been on the sidelines since November 2021 as the 1.1100 level seems to be a real struggle for the bears. Technically, the price could lose some ground in the short-term as the RSI is changing direction to the downside below its 50 neutral mark, while the MACD is losing ground below its trigger and zero lines. A rebound off the 1.1120 support could keep the pair in the trading range with the next resistance coming from the 1.1275 barrier, taken from [..]

US Open Note – Ukraine negotiations fail, and Putin intensifies attacks

Posted on March 1, 2022 at 2:18 pm GMT

Risk-off mood returns, US ISM manufacturing ahead It seems the next few weeks will be pivotal for volatility as Russia declared it would continue its attacks until its goals were met. The retreat in US stock futures is signalling a risk-off mood, and the USD/JPY pair is also expressing some risk-off tendencies, slipping to 114.80. That said, the dollar index is holding above the 97.00 mark and should risk appetite continue to wane, it appears the way up for the [..]

Daily Market Comment – Stock markets recover amid bets for slower Fed hikes

Posted on March 1, 2022 at 9:49 am GMT

Traders bet Ukraine conflict will slow central bank tightening Bond yields retreat, breathing life back into tech stocks FX market caught between different forces, oil prices keep rising Risky trades bounce back The talks about a ceasefire in Ukraine concluded without an agreement yesterday and the bombardment of major cities unfortunately seems to have intensified. Russian authorities tried to fight the crippling economic sanctions by doubling interest rates to 20% and introducing capital controls, but the rouble still imploded and [..]

Eurozone CPI to rise again, likely add to ECB’s dilemma amid Ukraine crisis – Forex News Preview

Posted on February 28, 2022 at 3:58 pm GMT

Inflation in the euro area again is heating up and data out on Wednesday (10:00 GMT) will probably underscore this trend. The harmonised index of consumer prices (HICP) is expected to have hit another record high in February, likely dashing hopes that inflation would begin to peak in the early part of 2022. But that’s not all. The war in Ukraine has exacerbated the energy crisis, meaning that soaring fuel prices could push inflation a lot higher over the coming [..]

US Open Note – Risk-off tone creeps in as sanctions put pressure on Russia

Posted on February 28, 2022 at 3:07 pm GMT

Dollar steadier, Russia feels ‘SWIFT’ thump, growth and inflation risks grow Global economies are being challenged in the first quarter of the year. Markets seem to have been dealt a difficult hand, with countries now juggling multiple constraints as they diverge from the pandemic and strained supply chains. Escalating tensions in Ukraine have added new fuel to the fire. The implications of the ongoing geopolitical tensions have increased risks of energy supply constraints and could keep inflation elevated for longer, [..]

Daily Market Comment – Western sanctions decimate the Russian economy

Posted on February 28, 2022 at 10:29 am GMT

America and Europe hit Russia with suffocating economic sanctions Russian central bank raises interest rates but cannot defend currency Stocks retreat, US dollar and oil advance as traders reduce risk Capital flees Russia The invasion of Ukraine has sent markets into a tailspin. Europe and America finally took off the gloves and announced a new round of crippling economic sanctions against Russia. These include the expulsion of several Russian banks from the SWIFT international payments system and freezing most of [..]

Technical Analysis – EURUSD stands on moving sand around 1.1100 area

Posted on February 28, 2022 at 8:42 am GMT

EURUSD opened with a negative gap near January’s low of 1.1120 on Monday as the world is eagerly awaiting the crucial Russian – Ukrainian meeting. Despite last week’s volatile session, the 1.1100 territory continues to feed buying appetite, with the price currently pushing to recoup today’s lost ground. The fast Stochastics seem to have created a sort of a double bottom formation around their 20 oversold level, endorsing the recovery mood in the market, though the indicator has yet to [..]

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Posted on February 25, 2022 at 2:33 pm GMT

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days. Even though nothing is certain at this point, the fact that Ukraine’s Western allies prefer to play the sanction game with Moscow instead of sending NATO forces, is feeding some hopes that the worst-case scenario of a broader full-scale war could be prevented, especially if Ukraine president’s requests for dialogue [..]

Week Ahead – NFP report, BoC meeting, Eurozone inflation might detract from Ukraine turmoil

Posted on February 25, 2022 at 2:00 pm GMT

With a full-blown conflict in Ukraine now underway, there will be plenty of distractions for the markets in the upcoming week in the form of the latest jobs report out of the United States, Eurozone inflation numbers and a policy meeting by the Bank of Canada. Australian and Canadian GDP figures will be on investors’ radar too, while the scheduled monthly gathering of OPEC and non-OPEC countries could make for an awkward gathering amid international anger at key partner Russia’s [..]

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