The major US indices are ending the session lower with the NASDAQ leading the way. For the week, the Dow industrial average is down for the fourth week in a row while the NASDAQ and S&P are down for the third week in the last four. The S&P is closing 10% from it’s all time high The Nasdaq i

Earlier today Russia banned Facebook. It also blocked access to the BBC and Voice of America. Now it is adding Twitter to the banned list. 

US crude oil futures SLI at $115.68 per barrel. That’s the highest close since September 2008. The high price reached $115.94 The low price today traded to $107.29. The move higher this week extended above the 2011 high price of $114.79. For the week, the price is up over 25%.

White House economic advisor Rouse says:looking at options we can take if we were to cut US consumption of Russian energyessential that we maintain steady supply of global energy considering a range of options on Russian oil imports Looking at options to cut US consumption of Russian energyRegarding

The euro is having an awful time in trading this week as it sinks across the board against the rest of the major currencies bloc.
Russian sanctions are biting hard at Europe, adding to worries about rising energy costs and inflation that will grip consumption, not to mention that there has been

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