Markets are optimistic, pushing high-yield assets higher
Today's forex news: Markets are optimistic, pushing high-yield assets higher
EUR/USD⬇️
GBP/USD⬇️
AUD/USD⬇️
USD/CAD⬆️
XAU⬆️
WTI⬆️
On Thursday, risk continued to take the lead amid Eastern Europe's ongoing war issue. While the Russian stock market remains closed, shares of European corporations with exposure to Russia have plummeted. Meanwhile, the government is on the verge of default due to international sanctions. However, Russia continued its aggression against Ukraine, and Russian President Vladimir Putin told French President Macron that the objectives of Russia's operation in Ukraine would be carried out regardless of the outcome.
Wall Street started the day with significant gains but shortly went red due to concerns about the war and an assertive Federal Reserve in the United States. Jerome Powell, the Fed's chairman, stated on his second day before Congress that policymakers are prepared to raise rates by more than 25 basis points in upcoming sessions, further dampening demand for high-yielding assets.
On the back of the news from Ukraine, the atmosphere improved, and markets rebounded, putting an end to the dollar's rally. Kyiv announced that it had achieved a preliminary deal with Russia to create safe corridors for civilian evacuations. A ceasefire would be observed where safe corridors are established under the terms of the agreement. Additionally, the third round of negotiations has been scheduled for next week.
Meanwhile, Bank of Canada Governor Tiff Macklem stated that he would not rule out a future 50-basis-point rate hike, noting that there is plenty of room to raise interest rates this year.
The EUR/USD pair fell to 1.1032, its lowest level since May 2020, as investors sought safety. The pair is hovering around 1.1060 as we approach the daily close. GBP/USD is trading near the 1.3350 level.
The Australian dollar was one of the best performers, with AUD/USD hitting a new 2022 high of 0.7347 and maintaining close to that level ahead of the Asian start. The USD/CAD pair increased somewhat and finished at approximately 1.2675, as crude oil prices finally eased a little.
Gold prices increased modestly. Spot gold is trading about $1,933.00 per troy ounce, remaining within Wednesday's range. WTI reached a peak of $116.51 per barrel but is currently trading around $108.00.
#Mitrade #Russia #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD #FXNEWS
📱 Monitor the markets in real time and seize trading opportunities on Mitrade
EUR/USD⬇️
GBP/USD⬇️
AUD/USD⬇️
USD/CAD⬆️
XAU⬆️
WTI⬆️
On Thursday, risk continued to take the lead amid Eastern Europe's ongoing war issue. While the Russian stock market remains closed, shares of European corporations with exposure to Russia have plummeted. Meanwhile, the government is on the verge of default due to international sanctions. However, Russia continued its aggression against Ukraine, and Russian President Vladimir Putin told French President Macron that the objectives of Russia's operation in Ukraine would be carried out regardless of the outcome.
Wall Street started the day with significant gains but shortly went red due to concerns about the war and an assertive Federal Reserve in the United States. Jerome Powell, the Fed's chairman, stated on his second day before Congress that policymakers are prepared to raise rates by more than 25 basis points in upcoming sessions, further dampening demand for high-yielding assets.
On the back of the news from Ukraine, the atmosphere improved, and markets rebounded, putting an end to the dollar's rally. Kyiv announced that it had achieved a preliminary deal with Russia to create safe corridors for civilian evacuations. A ceasefire would be observed where safe corridors are established under the terms of the agreement. Additionally, the third round of negotiations has been scheduled for next week.
Meanwhile, Bank of Canada Governor Tiff Macklem stated that he would not rule out a future 50-basis-point rate hike, noting that there is plenty of room to raise interest rates this year.
The EUR/USD pair fell to 1.1032, its lowest level since May 2020, as investors sought safety. The pair is hovering around 1.1060 as we approach the daily close. GBP/USD is trading near the 1.3350 level.
The Australian dollar was one of the best performers, with AUD/USD hitting a new 2022 high of 0.7347 and maintaining close to that level ahead of the Asian start. The USD/CAD pair increased somewhat and finished at approximately 1.2675, as crude oil prices finally eased a little.
Gold prices increased modestly. Spot gold is trading about $1,933.00 per troy ounce, remaining within Wednesday's range. WTI reached a peak of $116.51 per barrel but is currently trading around $108.00.
#Mitrade #Russia #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD #FXNEWS
📱 Monitor the markets in real time and seize trading opportunities on Mitrade