Jump to content

Euro Soars, Gold Drops, Crude Oil Slammed on Russia-Ukraine Latest


Recommended Posts

Russia-Ukraine News and Analysis

  • Russia to Sharply Cut Military Operations in Kyiv and Chernihiv
  • Geopolitical Risk Premium Unwinds in Oil and Gold
  • Euro Soars to Session Highs

Can Russia back down in Ukraine? - Vox

Russia-Ukraine Progress

Constructive talks between Russia and Ukraine have sparked a fresh wave of optimism for a potential peace deal. In the latest round of talks, Ukraine has proposed adopting a neutral status in exchange for security guarantees, meaning that it would not join military alliances or host military bases. Subsequently, Ukraine believes that enough progress has been made for a meeting to be scheduled between Putin and Zelensky. What’s more, Russia has also stated that they will sharply cut military operations near Kyiv and Chernihiv.

Oil and Gold Slides to Session Lows

This is by far the most positive development we have had regarding the Russian-Ukraine conflict. In turn, wars trades have continued to unwind with both oil and gold prices coming under notable pressure. The latter eyeing key support at 1880-85, where should the precious metal close below risks tilted towards 1835-50.

Crude Oil Reaction to Positive Russia-Ukraine Talks

Euro Soars, Gold Drops, Crude Oil Slammed on Russia-Ukraine Latest

Source: Refinitiv

Gold Bearish Below 1880

Euro Soars, Gold Drops, Crude Oil Slammed on Russia-Ukraine Latest

Source: Refinitiv

Meanwhile, the most exposed currency to Russia risks, the Euro, is trading at fresh session highs, briefly testing 1.1100. Resistance ahead at 1.1120.

Euro Soars, Gold Drops, Crude Oil Slammed on Russia-Ukraine Latest

Source: Refinitiv

 

Mar 29, 2022 |  DailyFX

Justin McQueen, Strategist

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • All Those Token is FAKE The Moment The Token is Live For TRADE On The Exchanges The Price Goes Up Then You Buy At The Top Thinking The PRICE WILL Continue To Go Up And Then What Happen is immediately After You Hit The GREEN Button To Buy The PRICE Starts  GOING DOWN AND Never Back Up Again And You Loss You're Money Thanks What's Fake Token is .
    • You can start by doing research on different exchanges, learning about different cryptocurrencies, and practicing with a small amount of money before investing larger sums. Additionally, there are many online resources, courses, and communities that can help guide you in learning how to trade cryptocurrency.
    • What is Foreign Exchange? Foreign exchange (Forex or FX) is the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand. The most traded currencies in the world are the United States dollar, Euro, Japanese yen, British pound, and Australian dollar. The US dollar remains the key currency, accounting for more than 87% of total daily value traded.Factors that Affect Foreign Exchange Rates Many factors can potentially influence the market forces behind foreign exchange rates. The factors include various economic, political, and even psychological conditions. The economic factors include a government’s economic policies, trade balances, inflation, and economic growth outlook. Political conditions also exert a significant impact on the forex rate, as events such as political instability and political conflicts may negatively affect the strength of a currency. The psychology of forex market participants can also influence exchange rates. The Foreign Exchange Market The foreign exchange market is a decentralized and over-the-counter market where all currency exchange trades occur. It is the largest (in terms of trading volume) and the most liquid market in the world. On average, the daily volume of transactions on the forex market totals $5.1 trillion, according to the Bank of International Settlements’ Triennial Central Bank Survey (2016). The forex market major trading centers are located in major financial hubs around the world, including New York, London, Frankfurt, Tokyo, Hong Kong, and Sydney. Due to this reason, foreign exchange transactions are executed 24 hours, five days a week (except weekends). Despite the decentralized nature of forex markets, the exchange rates offered in the market are the same among its participants, as arbitrage opportunities can arise otherwise. The foreign exchange market is probably one of the most accessible financial markets. Market participants range from tourists and amateur traders to large financial institutions (including central banks) and multinational corporations. Also, the forex market does not only involve a simple conversion of one currency into another. Many large transactions in the market involve the application of a wide variety of financial instruments, including forwards, swaps, options, etc. Foreign currency exchange (forex) A foreign currency exchange rate is a price that represents how much it costs to buy the currency of one country using the currency of another country. Currency traders buy and sell currencies through forex transactions based on how they expect currency exchange rates will fluctuate. When the value of one currency rises relative to another, traders will earn profits if they purchased the appreciating currency, or suffer losses if they sold the appreciating currency.  
×
×
  • Create New...
us