US sanctions more than 180 tankers in Russia’s shadow fleet Sanctions Gazprom Neft and Surgutneftegas Senior Biden official says he expects sanctions to cost Russia upwards of billions of dollars per month Expects Russia to make every effort to circumvent sanctions but costs of doing so will pile up Sanctions also target dozens of traders, oil-field services and Russian…
Pound Sterling plummets on surprisingly upbeat US job demand The Pound Sterling (GBP) plunges to near 1.2200 against the US Dollar (USD) in Friday’s New York session, the lowest level in 14 months. The GBP/USD pair faces intense selling pressure as the US Dollar rallies after the release of the United States (US) Nonfarm Payrolls (NFP) data, which showed that labor demand surprisingly remained robust in December. Read…
The NZDUSD has stretched lower in trading today as the pair is hit on “risk off” flows as well as higher rates.The currency pair is down around -0.70% and the biggest mover vs the USD today. Technically, the price is stretching closer to the 2022 low which reached 0.55105. The low price today has reached 0.5541. It is stretching….
Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny. Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80. Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near $28.78. Silver Price rises for the seven straight day putting aside the jump in US Treasury bond yields and the…
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December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across most major currency pairs. The Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rallies on renewed inflation concerns as the…
The USDCAD fell initially after the US and Canadian jobs reports both of came out stronger than expected. However, after the focus returned to the effect on the US dollar, that helped to reverse the USDCAD pair back to the upside. The price is now extending to a new high and in doing so is extending above a swing…
Mexican Peso is under pressure, falling over 1% as USD/MXN hits a six-day high at 20.74. Strong December US Nonfarm Payrolls boost dollar; Fed may hold rates longer. Banxico minutes hint at larger rate cuts, adding pressure on the Peso. The Mexican Peso (MXN) is under pressure against the Greenback, hitting a six-day low following the release of a…
Closing changes for the main European equity markets: Stoxx 600 -0.8% German DAX -0.5% France CAC -0.9% UK FTSE 100 -0.8% Spain IBEX -1.5% Italy’s FTSE MIB -0.5% On the week: Stoxx 600 +0.7% German DAX +1.6% France CAC +2.0% UK FTSE 100 +0.3% Spain IBEX +0.6% Italy’s FTSE MIB +3.0% The Italy MIB is at the top of…
AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following stronger-than-anticipated US Nonfarm Payrolls (NFP) data, hovering near multi-year lows around 0.6150. The Federal Reserve’s (Fed) hawkish shift keeps US Treasury yields elevated, further…
