The woes for the euro look set to continue as we are seeing the single currency fall to its lowest since May 2020 against the dollar and more importantly, taking out the 1.1000 level. That leaves the pair rather exposed to a further drop towards 1.0800 next as the technical picture worsens.I’ve h

Calls on other countries to normalise relations with Russia
Says Russia will fulfill its economic obligations to other states

When it comes to the whole Russia-Ukraine situation, actions speak louder than words. That said, there are also always two sides to the story so believe what you w

The 1987 Oliver Stone movie “Wallstreet” is arguably the most iconic movie related to the stock market. It immortalized Michael Douglas in his role as Gordon Gekko, a ruthless, cutthroat investor with seemingly unrestrained greed. We all know his „Greed is good“ speech and the cultural impact

Many times,
new traders look at correlations as reasons for taking trades. Unfortunately,
correlations can lag or decouple and if you buy CAD, for example, just because
Oil has gone up, you will have a hard time in your trading journey.

 

I took the
O

Russia-Ukraine tensions continue to be the key driver of sentiment as markets are waiting on any further developments to run with. Risk tones were more positive yesterday but we’re seeing a lack of follow through as the siege on Kyiv continues while talks are reportedly going to take place once agai

Prior 7.0%

The jobless rate ticks lower once again and that just reaffirms further improvement in labour market conditions in the region. Compared to December, the number of unemployed persons in the euro area decreased by roughly 214,000.

Prior +2.9%
PPI +30.6% vs +27.0% y/y expected
Prior +26.2%

That’s a big surge in producer prices and it just reaffirms stronger price pressures in the euro area economy to start the year. This will continue to feed through to consumer inflation so that will be a worry for the trend in

I think despite all the remarks earlier, this is pretty much the key takeaway. In that things will continue as they are even though there might be talks taking place between Moscow and Kyiv.

That ties to what Lavrov was touting earlier here. At this point, I think risk assets would rather be there the prospect of talks and not actual talks taking place itself. In my opinion, I don’t think either side will concede anything on talks so if anything, it risks a communication breakdown. But

Prior -13.1%Market index vs 466.4 priorPurchase index vs 250.7 priorRefinancing index vs 1,677.7 prior30-year mortgage rate vs 4.06% prior