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Forexlive RSS Breaking news feed

Biden: US has reason to think Putin has already made decision

Posted: 18 Feb 2022 02:03 PM PST

Says he's convinced Putin has decided to invade Ukraine

Will this all be about 'government-controlled' Ukraine?

Posted: 18 Feb 2022 02:01 PM PST

The reality of the on-the-ground situation in Ukraine is that separatists have controlled parts of the country for eight years. They're recognized from abroad as part of Ukraine but, effectively, they're not. A French Presidency source cited by Reuters said measures could be taken if "gove

Forexlive Americas FX news wrap: Markets can't escape risk of Russian attack

Posted: 18 Feb 2022 02:00 PM PST

Large explosion in Luhansk. Potentially a pipeline. US equities struggle to the finish line in tough week Fed's Brainard: It's appropriate to start a series of rate hikes in March White House: Sanctions not intended to reduce Russia's ability to supply energy WTI crude oil futu

Watch live: Biden update on Ukraine

Posted: 18 Feb 2022 01:55 PM PST

The stream from the White House is titled: 'President Biden Gives an Update on our Continued Efforts in Ukraine'

French presidency: Measures would be taken if gov't-controlled Ukraine was invaded

Posted: 18 Feb 2022 01:45 PM PST

Excluded from government control are the separatist regions. What he's appears to be saying here is that actions (or at least harsh ones) won't be taken if Russia's military goes into the separatist areas.So there's a possible outcome here where Russia is spared harsh sanctions if it's military only

Large explosion in Luhansk. Potentially a pipeline

Posted: 18 Feb 2022 01:28 PM PST

Videos on the ground show a large, glowing explosion in Luhansk, which is in the separatist-held region of Ukraine.Evidently this is a gas pipeline. Local reports said a fire broke out after a large explosion. This is certainly a bigger explosion than the car bomb earlier that sent markets spiraling

US equities struggle to the finish line in tough week

Posted: 18 Feb 2022 01:09 PM PST

On the day: S&P 500 -0.75% (down 31 points to 4348) Dow -0.7% Nasdaq -1.2% Russell 2000 -1.0% The Nasdaq was down more than 2% oat the lows so there was a bit of a comeback. About an hour before the close it looked like the S&P 500 was about to go positive but it never g

Biden set to speak after the equity close

Posted: 18 Feb 2022 12:53 PM PST

4 pm ET is always an ominous time for a speech because it could be timed for the market close. At times that's the case but the FX market remains open for another hour, so there's an opportunity for retail in the gap.Early report suggest this speech will be another warning to Russia but we'll have t

White House: Sanctions not intended to reduce Russia's ability to supply energy

Posted: 18 Feb 2022 12:08 PM PST

It's been speculated for a time whether or not the US and its allies would sanction Russian oil and gas. Here's your answer. The EU appeared to be dead against it. This is negative for oil and gas. The full comment from the White House's Deleep Singh:"US measures are not designed to reduce o

White House's Neuberger: If Russia targets US business or infra; we're prepared to respond

Posted: 18 Feb 2022 11:52 AM PST

Initially, the report says the US was prepared to 'attack' but now it says 'respond'. Attack sounded aggressive. I won't want a cyber attack starting WW3.White House says Russia was behind cyberattacks on Ukrainian banks this weekThe US had previously threatened sanctions even for cyberattacks, so t

Draghi: EU sanctions on Russia should not target the energy sector

Posted: 18 Feb 2022 11:31 AM PST

All 27 EU countries would need to agree to sanction Russian oil and gas. Draghi is out saying that "sanctions should be focused on as limited a number of sectors as possible without including energy." He added that penalties should be applied proportionally to "the type of attack." I'm no

Russian official: Putin will announce important decision on Donbas on Sunday

Posted: 18 Feb 2022 10:50 AM PST

Russian Communist Party leader Zyuganov said Putin will announce an important decision on Donbas on Feb 20. The Duma on Tuesday backed a resolution calling for diplomatic recognition of Eastern Ukraine's pro-Russian Donbas. Presumably, this will be whether or not Putin backs that decision.

Baker Hughes US oil rig count 520 versus 516 last week

Posted: 18 Feb 2022 10:03 AM PST

Oil rigs 520 vs 516 last weekGas rigs 124 vs 118 last weekTotal rigs 644 vs 634 last week, up 10 on the current weekLast week, the rig count increase by 19.  This week, the increase is up 10. The

Separatists in Dontsk say they plan to evacuate around 700K people to Russia

Posted: 18 Feb 2022 09:30 AM PST

Russian Separatist in Donetsk in East Ukraine say they plan to evacuate around 700K people to Russia. With the bombing today and this "evacuation" something smells fishy (false flag). NATO nations are holding up hands saying "we are not touching you" yet the bombing and the evacution of 700K (?) see

London/European traders head for the exits with stock losses for the day and week

Posted: 18 Feb 2022 09:08 AM PST

As the London/European traders head for the exits, the major European indices are lower for the day and the week. A look at the closes for the day shows: German DAX, -1.47% France's CAC, -0.25% UK's FTSE 100, -0.32% Spain's Ibex, -0.94% Italy's FTSE MIB, -0.61% For the tradi

The ugly price action continues in US stocks

Posted: 18 Feb 2022 09:04 AM PST

The price action in US equities this week has been depressing. In a few months, we've gone from buying every dip to selling every blip higher. The S&P 500 is down 40 points to a session low at 4340. 30 minute chart: I can see the apprehension about holding stocks and risk assets over the we

No injuries in Donetsk car bomb. Car belonged to Donbass security chief

Posted: 18 Feb 2022 08:35 AM PST

Was it an attempted assassination or a false flag? The car belonged to Major General Denis Sinenkov, chief of the DPR People's Militia Directorate.  Whatever it was, the market has backed off from some of the kneejerk moves.If this was the big 'false flag' the US has been touting, it wasn

Explosion in Donetsk tilts risk trades lower

Posted: 18 Feb 2022 08:14 AM PST

Here's a report in the local media supposedly showing the explosion -- obviously from a distance. That report and reports that Biden is holding another transatlantic call are evidence that the temperature is rising in Ukraine. A few hours ago it looked like the crisis was winding down, but

Biden will hold call with transatlantic leaders later and to speak later

Posted: 18 Feb 2022 08:10 AM PST

The call with leaders will be at 2:30 pm ET and he will speak at 4 pm ET (right as equity markets close).You have to wonder if the US knows whether or not this is it on the Ukraine front.

Russian press reports large explosion in centre of Donetsk

Posted: 18 Feb 2022 08:04 AM PST

There's further selling of risk assets on this.Donetsk is held by separatists. So this is either the Ukranian military attacking, an accident or a false flag.

Putin orders emergencies minister to go to border region with Ukraine

Posted: 18 Feb 2022 07:59 AM PST

The minister will organize housing for the women and children being evacuated.The market is struggling with whether the shelling and evacuations are the start of something bigger or some kind of false flag or something else.I don't think this headline tells us much new but it's further added to the

US dollar works its way higher

Posted: 18 Feb 2022 07:38 AM PST

There are some fresh reports of shelling in Ukraine and that's led to a bid in the US dollar. Oil has also recouped nearly all of its declines, but that's not helping the commodity currencies, whic hare at US lows. USD/CAD is up 18 pisp to 1.2721. USD/CAD 15 mins:

EU Feb flash consumer confidence -8.8 vs -8.0 expected

Posted: 18 Feb 2022 07:00 AM PST

-8.5 prior

US January existing home sales 6.50m vs 6.10m expected

Posted: 18 Feb 2022 06:59 AM PST

Prior was 6.18mMonths supply at 1.6The lower end of homes in the 100-250K range are being squeezed with inventories down 23% y/y. Mortgage rates are rising now and that will eventually hurt demand but in the nearer-term it could be leading to a rush to buy.

Senior EU official: We are close to a final text on Iran nuclear deal

Posted: 18 Feb 2022 06:58 AM PST

Comments from a senior EU official: We are in the final stages of Iran nuclear negotiations It is unclear if we get a deal in the coming days, depends on will Delegations have shown they want a compromise on Iran deal Possible to get an agreement in the coming two weeks or so Ther
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