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Oil gapped up on open, with Brent crude reaching $130.67 and WTI's high at $127.53. The price jumps reflect fears of supply disruptions due to the Russian invasion of Ukraine, with the possibility of a ban on Russian oil and natural gas now being considered.
The inverted yield curve is a cause for concern. Therefore, we offer a possible scenario in which it may steepen.
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The current price action is an inside period (the weekly candle is still to complete). I.e., the week's high and low are within last week's range. Neither the bulls nor the bears have taken the price to a new high or low, suggesting indecision amongst market participants.
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The Russia-Ukraine war remains in the spotlight, while investors are also on the lookout for any news around Iran nuclear negotiations
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
As Friday closed for trading, imposed sanctions seemed underwhelming. This tone changed on Saturday as some Russian Banks were excluded from SWIFT, and the Russian central bank was sanctioned. Geopolitical risks intensify as Russia continues its invasion of Ukraine. Wednesday and Thursday, Fed Chair Jerome Powell testifies before the House Financial Services and Senate Banking Committees. The RBA will announce its cash rate on Tuesday with no change expected, and…
Gold, being a haven and considered a store of value, maintains a bid as geopolitical tensions escalate following further sanctions on Russia.
Germany announced an increase in military budget and the supply of weapons to Ukraine, as markets remain on edge over the Russia-Ukraine conflict
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