Well, the first two rounds of talks failed to yield any breakthrough and I don’t see why this would be any different. This is all largely for show as the situation on the ground remains unchanged.

EUR/USD is trading down 0.9% to 1.0830 currently and there doesn’t seem to be much reprieve in general for the single currency at the moment. Sure, the SNB may have stepped in with some verbal intervention and that has helped EUR/CHF to erase its earlier declines to turn flat at 1.0020 but it isn’t

The downgrade would be attributed to the spike in omicron infections as the latest wave seemed to have dealt a bigger-than-expected blow to consumption activity. The central bank is said to also perhaps warn of heightening economic risks linked to the Russia-Ukraine war, which has led to energy pric

US major indices close lower on the day and also lower for the week
Russia blocks Twitter now
US WTI crude oil futures settled at $115.68
WH Economic advisor: Essential that we maintain steady supply of global energy
Russia blocks Facebook
Bakers Hughes oil rig count -3 to

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