But first thing’s first, the exclusion does not cover Sberbank and Gazprombank – both of which are main channels for payments for Russian oil and gas, in which EU countries are still buying despite the ongoing conflict.The seven banks in question instead are Russia’s second largest bank, VTB, alongs
Kategorie-Archiv: Forex News
ECB’s de Guindos: Russian invasion of Ukraine will have impact on Eurozone inflation
Eurozone inflation in February has been a negative surprise
Russian invasion of Ukraine will have implications, ECB ye to fully assess them
The most significant risks are energy shocks
Russian invasion of Ukraine will have implications, ECB ye to fully assess them
The most significant risks are energy shocks
Just look at oil and energy prices today and you’ll get the gist. It’s going to be a painful pill to
OPEC+ JMMC meeting said to likely be a short one
The bloc is largely expected to stick with the existing plan for a 400k bpd oil output increase in April, so they will likely recommend that and move on to the ministerial meeting right after. The JMMC meeting was scheduled for 1130 GMT earlier but has been pushed to 1200 GMT now.
Ukraine says it is not clear when more talks with Russia will take place
It’s a case of staring at each other and waiting for someone to make the first move, with Russia claiming that the Ukraine side is being the one not wanting to come to the negotiating table. This also further invalidates earlier reports that talks could be possible some time at the end of this week.
Zelensky: We are fighting to be equal members of Europe
EU must prove that it is with usWe are striving for Europe to choose for UkraineSuch remarks won’t go down too well with the Russian camp I’m sure, especially after he signed an application to join the EU after the first round of peace talks failed to produce any agreements.
Nord Stream 2 owner reportedly considers insolvency after pipeline halt, sanctions
For some context, North Stream 2 AG is registered in Switzerland and owned by Russian gas giant Gazprom. The firm is said to be considering filing for insolvency, as it attempts to settle claims ahead of a US sanction deadline for other entities to stop dealings with it.That just adds more drama to
10-year German bund yields return to negative territory after a month
Of note, 10-year bund yields are down by close to 16 bps and that would mark the biggest daily fall since 2016. As rates are tumbling across the board, we’re seeing more of a bid in gold as price climbs up by 0.9% to $1,925 currently.
Markets are starting to get back into a bit of the jittery m
Markets are starting to get back into a bit of the jittery m
10-year Treasury yields fall to fresh one-month low
As the Russian invasion of Ukraine continues, we are seeing flows continue to flow back into bonds – with markets also perhaps getting less certain about rate hike cycle prospects in general. Treasuries are seeing fresh bids in European morning trade and that has seen 10-year yields slump to a o
Japanese Candlesticks: Graphic Analysis
Today, I would like to touch upon Japanese candlestick analysis because
it is quite widespread in the market and can be called a separate type of
analysis. It was created as early as the 18th century in Japan by a rice
merchant Munehisa Honma (Sokyu Honma).
it is quite widespread in the market and can be called a separate type of
analysis. It was created as early as the 18th century in Japan by a rice
merchant Munehisa Honma (Sokyu Honma).
Some history
ECB’s Panetta: It would be unwise to pre-commit on future policy steps
Should take moderate, careful steps in adjusting policySo as to not suffocate the as of yet incomplete recoveryThere is a case for central bank to accompany the recovery with a light touchInflation outlook has pitfalls on both sidesNeed to be certain that removing accommodation will not trigger mark