All eyes are on Federal Reserve officials and Russian diplomacy
Today’s Forex News: All eyes are on Federal Reserve officials and Russian diplomacy.
EUR/USD⬆️
GBP/USD⬆️
AUD/USD⬆️
USD/CAD⬇️
XAU⬆️
WTI⬇️
The market sentiment has been rattled by the bad developments in the Russia-Ukraine conflict. Latest headlines from eastern Ukraine that Russia will extend military drills in Belarus that were due to end on Sunday, the Belarusian defense ministry announced, has added fuel to the fire.
Earlier this week, Russian President Vladimir Putin blamed the Ukrainian military for the escalation of hostilities in the Donbas during a phone chat with French President Emmanuel Macron, according to the BBC.
While additional US warnings about an impending Russian invasion continued to weigh on risk sentiment on Friday night, developments are likely to be a significant mover of markets this week.
The economic calendar is packed with events for the coming week. We'll hear from a chorus of Fed officials, as well as the PCE report and Markit PMIs. Fed policymakers will be busy this week attempting to lead the market ahead of the March FOMC meeting and assessing evidence of prolonged data strength in Q1, notably in the area of inflation. The majority of attention will be on Governor Waller, who will discuss the US economic outlook on 24 February.
EUR/USD decreased from 1.1377 to 1.1315.
The previous support level of 1.1350 has become fresh resistance in EUR/USD. The price is declining, and the target is 1.1250.
On the GBP/USD pair, significant bids have been noted near 1.3580.
The AUD/USD currency pair is trading lower, attempting to find support at 0.7150.
USD/CAD has a bullish bias near 1.2750.
XAU/USD traded in a range of $1,886.66 to $1,902.54.
Although anxieties among energy bulls may have played a role in the black gold's first weekly drop in several weeks, geopolitical uncertainty surrounding Russia and Ukraine, combined with OPEC+ supply concerns, has kept WTI purchasers hopeful. WTI crude oil prices are trading at $91.45, up 1.30 percent intraday.
#Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
📱 Monitor the markets in real time and seize trading opportunities on Mitrade
EUR/USD⬆️
GBP/USD⬆️
AUD/USD⬆️
USD/CAD⬇️
XAU⬆️
WTI⬇️
The market sentiment has been rattled by the bad developments in the Russia-Ukraine conflict. Latest headlines from eastern Ukraine that Russia will extend military drills in Belarus that were due to end on Sunday, the Belarusian defense ministry announced, has added fuel to the fire.
Earlier this week, Russian President Vladimir Putin blamed the Ukrainian military for the escalation of hostilities in the Donbas during a phone chat with French President Emmanuel Macron, according to the BBC.
While additional US warnings about an impending Russian invasion continued to weigh on risk sentiment on Friday night, developments are likely to be a significant mover of markets this week.
The economic calendar is packed with events for the coming week. We'll hear from a chorus of Fed officials, as well as the PCE report and Markit PMIs. Fed policymakers will be busy this week attempting to lead the market ahead of the March FOMC meeting and assessing evidence of prolonged data strength in Q1, notably in the area of inflation. The majority of attention will be on Governor Waller, who will discuss the US economic outlook on 24 February.
EUR/USD decreased from 1.1377 to 1.1315.
The previous support level of 1.1350 has become fresh resistance in EUR/USD. The price is declining, and the target is 1.1250.
On the GBP/USD pair, significant bids have been noted near 1.3580.
The AUD/USD currency pair is trading lower, attempting to find support at 0.7150.
USD/CAD has a bullish bias near 1.2750.
XAU/USD traded in a range of $1,886.66 to $1,902.54.
Although anxieties among energy bulls may have played a role in the black gold's first weekly drop in several weeks, geopolitical uncertainty surrounding Russia and Ukraine, combined with OPEC+ supply concerns, has kept WTI purchasers hopeful. WTI crude oil prices are trading at $91.45, up 1.30 percent intraday.
#Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
📱 Monitor the markets in real time and seize trading opportunities on Mitrade