All Articles Tagged - EURUSD

Daily Market Comment – Big tech defies Ukraine crisis to stage massive turnaround

Posted on February 25, 2022 at 10:25 am GMT

Wall Street in sharp reversal as fears over Ukraine fallout ease a little Global equities also perk up, dollar retreats slightly, but oil extends gains Immediate focus back on inflation and Fed policy ahead of US data Russia moves in on Kyiv but markets steadier for now After a highly turbulent week, the mood brightened somewhat on Friday even as the tragedy unfolded in Ukraine. Stock markets around the world were rebounding from yesterday’s dramatic selloff when Russia invaded Ukraine, [..]

US Open Note – Stocks sink and commodities surge as Russia invades Ukraine

Posted on February 24, 2022 at 2:04 pm GMT

Russia attacks Ukraine; investors flee to safe havens The Russian President Vladimir Putin has ordered a full-scale invasion of Ukraine earlier today, moving troops and bombing several military targets across the country. According to Moscow, the move aims to demilitarize Ukraine, blaming the US and its allies for breaching a ‘red line’ by trying to further expand NATO eastwards in an attempt to pressure and blackmail Russia. Western powers have condemned the military assault, vowing to impose harsh economic sanctions. [..]

Technical Analysis – EURUSD plunges below 1.1200, posting 3-week low

Posted on February 24, 2022 at 10:45 am GMT

EURUSD is tumbling below the 1.1200 psychological level, reaching a new three-week low. The price pulled back off the simple moving averages (SMAs) creating a strong selling interest. The RSI indicator is reaching the oversold territory, while the MACD is strengthening its negative momentum below its trigger and zero lines. If the price plunges further, the next stop could be around the 20-month low of 1.1120. Steeper decreases in the market could meet the inside swing high of April 2020 [..]

Daily Market Comment – Stocks crash, oil surges as Russia attacks Ukraine

Posted on February 24, 2022 at 10:14 am GMT

Markets in turmoil after Putin launches military assault on Ukraine Stocks tank, rouble plummets, while gold, oil and gas futures jump Dollar, yen and franc only gainers in FX sphere Fears of full-scale invasion as Ukraine crisis deepens Traders in Europe and around the world woke up to a dark day on Thursday after Russia’s latest actions confirmed the West’s worst fears about Ukraine. Russian President Vladimir Putin has ordered a “special military operation”, targeting military infrastructure in the east [..]

US Open Note – Mild sanctions improve the risk-on sentiment for now

Posted on February 23, 2022 at 1:32 pm GMT

Geopolitical ‘drama’ dominates the markets The West has implemented a set of sanctions against Russia after President Putin recognized the independence of the two breakaway regions in Ukraine, moving ‘peacekeeping’ troops into the area. The advance was interpreted as the beginning of an invasion by global leaders, as Moscow stressed that the region considered independent is not limited to the area controlled by the separatists, but extends to areas currently controlled by Kiev. However, initial sanctions were perceived to be [..]

Technical Analysis – EURUSD moves sideways below double top level

Posted on February 23, 2022 at 1:13 pm GMT

EURUSD has found firm support at the Ichimoku indicator’s blue Kijun-sen line, while it is remaining above the short-term simple moving averages (SMAs). While the double top structure is still intact, any break above 1.1480 could flip the view from neutral to positive. In terms of technical indicators, the RSI indicator is touching the neutral threshold of 50, while the MACD indicator is sliding below its trigger line in the positive region with weak momentum. Additionally, the Ichimoku cloud is [..]

Daily Market Comment – Modest sanctions help soothe fears about Ukraine fallout

Posted on February 23, 2022 at 10:19 am GMT

S&P 500 enters correction territory as sanctions on Russia mount But nerves later steady as market impact seen limited, oil and gold slip Kiwi jumps on hawkish RBNZ, aussie outperforms too as dollar stays soft Markets wary but less worried about Ukraine conflict The market mood steadied on Wednesday, having wavered on Tuesday as the Ukraine crisis unfolded, with the United States and its allies slapping sanctions on Russia for ordering troops into Ukraine’s separatist regions. Washington has made it [..]

Daily Market Comment – Stocks plunge, oil surges as Russian troops enter breakaway regions

Posted on February 22, 2022 at 10:27 am GMT

Escalating conflict in Ukraine ravages risk assets as stocks sink, Russian rouble tumbles Oil and metal prices soar on supply fears but gold stumbles FX markets relatively steady as Fed policy uncertainty holds dollar in tight range Equities tank as Russia, Ukraine on the brink of war Global stock markets sank deep into the red on Tuesday, extending Monday’s losses, with US equities likely joining the selloff today when Wall Street traders return from a long holiday weekend. US, UK [..]

Will the dollar ignore solid US data again? – Forex News Preview

Posted on February 21, 2022 at 4:20 pm GMT

The week is loaded with US economic data releases, most of which are scheduled for Friday. There has been a shift in the trading dynamics governing the dollar lately, with strong data being unable to boost the reserve currency. If this pattern continues, it would be another sign the overall trend is exhausted. Dollar refuses to obey Let’s start with the good news – the US economy is in good shape. The jobs market is approaching full employment, consumers continue [..]

Daily Market Comment – Ukraine summit hopes lift euro, gold elevated but off highs

Posted on February 21, 2022 at 10:51 am GMT

Biden and Putin agree to hold talks as Russia and Ukraine on the brink of war Gold’s advance halted at $1,900/oz as risk tone recovers Euro is revived, strong PMIs help too; dollar and yen pull back Ukraine headlines remain in driving seat Simmering tensions over Ukraine continued to keep investors on edge at the start of the new trading week even as hopes of a peaceful resolution for the crisis were kept alive by a last-ditch effort by France. [..]

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