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Forexlive RSS Breaking news feed

Gold spikes to fresh eight-month highs as Russia-Ukraine conflict remains tense

Posted: 17 Feb 2022 12:55 AM PST

And price is still holding at around $1,886 currently as the yellow metal shoots up to its highest since June last year, following the accusation by the Ukraine military here. It's all about the headlines as to what comes next for gold but from a technical perspective, the break above daily resis

Details on the reported Russian attack as suggested by the Ukraine military

Posted: 17 Feb 2022 12:44 AM PST

It is reported that Ukraine's military is now accusing Russian-backed forces in Eastern Ukraine of firing shells at a village in the Luhansk region, hitting a kindergarten. No injuries were caused by the attack though. As a reminder, Russian forces had earlier in the day accused Ukraine of firing mo

Ukraine military says Russian-occupying forces fired on village in Luhansk region

Posted: 17 Feb 2022 12:30 AM PST

There's no other details for the time being but the news just continues to feed into the sense of apprehension since the early hours of the European morning, after Russian rebel forces accused Ukraine of mortar attacks. Gold has jumped on the headline here in a quick push from $1,876 to $1,890 (now

OSCE recorded multiple shelling incidents in East Ukraine in early hours of Thursday

Posted: 17 Feb 2022 12:20 AM PST

OSCE has recorded multiple shelling incidents along the line of contact in East Ukraine in early hours of ThursdayOSCE has record use of artillery, based on reports from both sidesIt is said that the Ukraine military has declined any immediate comment on the matter.The above fits with what Russian r

Aussie, kiwi erase earlier losses in show of optimism

Posted: 17 Feb 2022 12:13 AM PST

The kiwi is the best performing major currency on the day and is up 0.4% against the dollar as NZD/USD erases its earlier losses in a bounce from 0.6660 to just above 0.6700 currently: The pair is contesting key daily resistance at the figure level and a break above that will do buyers some go

European equities mixed at the open today

Posted: 17 Feb 2022 12:04 AM PST

Eurostoxx +0.1%Germany DAX +0.3%France CAC 40 +0.5%UK FTSE -0.1%Spain IBEX -0.2%Russia accuses. Ukraine denies. Then now, we're hearing of more reports that Russia is withdrawing some troops from Crimea. That's enough to turn the risk tide at the moment.In FX, the aussie and kiwi have pared losses a

Maxar satellite images show Russia has pulled back some equipment from near Ukraine

Posted: 16 Feb 2022 11:17 PM PST

That said, at the same time, the images show a lot of Russian equipment is still deployed close to Ukraine and that some new Russian equipment has also recently arrived. In short, a little bit of this and a little bit of that but nothing overly major.Things can still be interpreted any which way it

Eurostoxx futures -0.5% in early European trading

Posted: 16 Feb 2022 11:05 PM PST

German DAX futures -0.5%UK FTSE futures -0.2%Spanish IBEX futures -0.4%Even though Ukraine came out to deny the earlier Russian accusation of a mortar attack on LPR localities, markets are leaning more defensive still. Equities remain on the backfoot with US futures also seen lower on the day. S&P 5

Switzerland January trade balance CHF 3.18 billion vs CHF 3.69 billion prior

Posted: 16 Feb 2022 10:59 PM PST

Prior CHF 3.69 billion; revised to CHF 3.54 billionExports were seen up 1.6% on the month while imports were up by 3.9% on the month, leading to the drop in trade surplus. Overall, trade conditions continue to mark a steady progression and that is a positive amid the pandemic recovery.

Trade ideas thread - European session 17 February 2022

Posted: 16 Feb 2022 10:38 PM PST

Here we go again. Risk is on the defensive as Russia-Ukraine tensions weigh on markets, following reports of Ukraine attacking LPR localities overnight. That is stirring the pot and saw risk trades dumped as the dollar and yen gained, though some of that has been trimmed a little as Ukraine denies t

Ukraine denies shelling separatists' positions in East Ukraine

Posted: 16 Feb 2022 10:30 PM PST

This relates to the earlier report by Russian media here and sort of continues the whole he said, she said situation from yesterday.Risk trades bounced back a little on the news but are still generally lower on the day as caution continues to prevail. I mean even with Ukraine denying the attack on L

Little on the agenda in Europe today

Posted: 16 Feb 2022 10:16 PM PST

After the earlier headlines involving Russia and Ukraine, expect the session ahead to be another day filled with anticipation on what happens next between the two nations. Tensions remain high and markets are keeping more defensive for the time being. We'll see how things go but the mood is rather a

Russian defence ministry says around 10 military convoys have left Crimea after drills

Posted: 16 Feb 2022 10:02 PM PST

Russia seems to be comfortable running back the same communique from yesterday, in that they are pulling back troops after supposed military drills are completed. I would say expect this to be denied by Western allies in the hours to come, reaffirming that an invasion could still happen at any time.

Dollar, yen gains ease a little but tensions remain

Posted: 16 Feb 2022 09:58 PM PST

As we look towards European trading, the mood is certainly apprehensive but the market isn't turning dour just yet. The dollar and yen were big beneficiaries amid the risk selloff earlier but have seen gains trimmed a little for now. EUR/USD has moved up from a low of 1.1325 to 1.1357 while GBP/USD

Gold back in favour as Russia-Ukraine tensions weigh

Posted: 16 Feb 2022 09:23 PM PST

Gold is bouncing back after a poor showing on Tuesday, where price fell sharply after having hit fresh eight-month highs at the time. The drop came amid news of Russia claiming that troops are leaving after military drills. However, the whole he said, she said debacle after and today's headlines

Risk on the backfoot as latest reports stir the pot in Russia-Ukraine conflict

Posted: 16 Feb 2022 09:06 PM PST

The market reaction is to sell risk and think about the specifics later, understandably so. But just take note that what we are hearing so far have all been from Russian media sources, so it remains to be seen how concrete this all is. There's talk that such open fire in the region is not uncommon b

Reuters: Ukraine rebels accuse govt forces of mortar attacks - report

Posted: 16 Feb 2022 08:59 PM PST

Reuters recapping what's been going the past hour or so: Russian-backed rebels in eastern Ukraine accused Kyiv government forces on Thursday of using mortars to attack their territory, in violation of agreements aimed at ending the conflict, the RIA news agency said. More at that link above 

Russian state media also reporting shelling in Donetsk

Posted: 16 Feb 2022 08:47 PM PST

News wire RIA Novosti with this latest. None of the reports I have seen are from anything other than Russian media. Some folks are arguing this is 'false flag' operation. As I said on Twitter: If so then its probably an even bigger deal - might just be the cover Putin is looking for to kick t

Just waking up? Events (shooting!) in Ukraine weighing on risk

Posted: 16 Feb 2022 08:35 PM PST

Earlier posts as it happened: Reports that Ukrainian forces have fired mortars & grenades on LPR locations USD jumping higher on the reports of Ukraine forces firing grenades, mortars Risk off on the shooting reports out of UkraineStory so far: The reports are of mortars and grenades being fired by

Risk off on the shooting reports out of Ukraine

Posted: 16 Feb 2022 08:12 PM PST

Posts here: Reports that Ukrainian forces have fired mortars & grenades on LPR locations USD jumping higher on the reports of Ukraine forces firing grenades, mortars The reports are of mortars and grenades being fired by Ukrainian forces in the LPR region. LPR is Luhansk People's Republic, located

ForexLive Asia FX news wrap: Australian jobs better than expected

Posted: 16 Feb 2022 08:00 PM PST

Reports that Ukrainian forces have fired mortars & grenades on LPR locations BA says central banks are a little behind the curve, except the Fed. They're a lot behind Federal Reserve speakers coming up on Thursday 17 February 2022 Carolyn Wilkins says Canada needs to make cryptocur

USD jumping higher on the reports of Ukraine forces firing grenades, mortars

Posted: 16 Feb 2022 07:58 PM PST

The news is here from earlier: Reports that Ukrainian forces have fired mortars & grenades on LPR locations Russian state media report that Ukrainian forces have fired mortars & grenades on LPR locations (LPR is Luhansk People's Republic, located in Luhansk Oblast in th

Reports that Ukrainian forces have fired mortars & grenades on LPR locations

Posted: 16 Feb 2022 07:48 PM PST

LPR is Luhansk People's Republic located in Luhansk Oblast in the Donbas region, a territory internationally recognized to be a part of Ukraine

Singapore data - GDP for Q4 2021 and the whole of 2021 came in better than flash estimates

Posted: 16 Feb 2022 06:17 PM PST

GDP +7.6% y/y for the full year 2021 (vs. 7.2% in the advance estimate). Best in 10 years. 2020 was a contraction at negative 4.1%Singapore forecast its economy to expand 3-5% in 2022 officials did flag downside risks to global growth and rising inflationary pressures though Remarks from SG official

ICYMI - France says an Iran nuclear deal is only days away

Posted: 16 Feb 2022 05:57 PM PST

French Foreign Minister Jean-Yves Le Drian told parliament: "We have reached tipping point now. It's not a matter of weeks; it's a matter of days," Western powers, Russia and China are in accord on the outlines of the accord. "Political decisions are needed from the Iranians. Either th
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