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Forexlive RSS Breaking news feed

UK PM Johnson: Sanctioning 5 Russian banks, and three individuals from travelling to UK

Posted: 22 Feb 2022 04:38 AM PST

Johnson says that "this is the first tranche of what we are prepared to do". In addition, there will also be asset freezes to the three supposed high-net worth individuals (Gennadiy, Nikolayevich, Timchenko).He also adds that the UK and its allies need to prepare for a protracted crisis between Russ

ForexLive European FX news wrap: Risk recovers, sanctions on Russia meagre

Posted: 22 Feb 2022 04:35 AM PST

Headlines:von der Leyen: A first package of sanctions will be tabled at EU meeting later todayUK PM spokesman: More Russian sanctions ready should there be further aggressionEU reportedly discussing ban of trade in Russian state bondsKremlin says decision on sending forces into Donbass depends on ho

von der Leyen: A first package of sanctions will be tabled at EU meeting later today

Posted: 22 Feb 2022 04:16 AM PST

Will involve sanctions against banks financing Russian operations in affected regionsSanctions will target ability of Russian state, govt to access EU capital and financial marketsPackage will contain sanctions against those involved in decision to recognise Ukraine rebel regionsShe also adds that t

UK PM spokesman: More Russian sanctions ready should there be further aggression

Posted: 22 Feb 2022 04:03 AM PST

We are not seeing a full scale invasion yetWe stand ready to go further with sanctions should Russia proceed with further aggressionWe want to see Europe reduce dependence on Russian gasOn the last point, it's a bit too late for that, no? In any case, this just reaffirms what we already know - in th

EU ambassadors "unanimous" in favour of Russian sanctions, but details to be sorted

Posted: 22 Feb 2022 02:57 AM PST

Yeah, this doesn't sound like people who are serious about laying down the hammer. Surprise, surprise. Not!

EU reportedly discussing ban of trade in Russian state bonds

Posted: 22 Feb 2022 02:53 AM PST

At the same time, it is said they are discussing sanctioning hundreds of people as well. Jokes.The hit on bonds may be something to be mindful about for Russian assets but all in all, there's nothing severe here and there likely won't be as they would view the latest developments as still not being

Kremlin says decision on sending forces into Donbass depends on how the situation develops

Posted: 22 Feb 2022 02:51 AM PST

Russia still open to diplomacy and has interest in thatOpen to all contacts (when asked about possibility of Putin-Biden talks)Those are some coy responses but it isn't going to hurt the turnaround in the risk mood whatsoever surely.

S&P 500 futures turn positive as risk pessimism dials down

Posted: 22 Feb 2022 02:43 AM PST

It didn't take much really. There was a gradual turn in the risk mood early on but it quickly accelerated after Ukraine president Zelensky's remarks here. That pretty much reaffirms some scenario where we will see most of the tensions centered around Donbass and after Russia is slapped with light sa

Zelensky: We believe there will be no war against Ukraine and no wide escalation

Posted: 22 Feb 2022 02:09 AM PST

He also adds that he received a request from the foreign ministry about breaking diplomatic relations with Russia. That only means they are considering doing so but let's be real, it surely isn't a viable option.Zelensky also says that Ukraine needs quick help on sanctions. Yeah, just to get the sho

FX continues to shrug off Russia-Ukraine jitters

Posted: 22 Feb 2022 01:35 AM PST

This isn't the look of a risk-off or nervous-looking market: In fact, it looks quite the opposite with commodity currencies among the frontrunners while the yen, dollar and franc are lagging behind. It's tough to square the flows in major currencies when you compare the situation in equities

Ifo economist says German economy expecting an end to COVID-19 crisis

Posted: 22 Feb 2022 01:07 AM PST

Ukraine situation however remains a risk factorRising energy prices as a result of Ukraine crisis will be a drag on businessesMood in retail, manufacturing sectors have improved significantlyBut supply bottlenecks continue to be a problemThat pretty much sums up the situation in Europe right now. Th

Germany February Ifo business climate index 98.9 vs 96.5 expected

Posted: 22 Feb 2022 12:59 AM PST

Prior 95.7; revised to 96.0 Expectations 99.2 Prior 95.2; revised to 95.8 Current conditions 98.6 Prior 96.1; revised to 96.2 That's a solid beat on estimates as German business morale picks up with the outlook also showing much signs of improvement. Ifo notes that the current

UK PM Johnson expected to announce 'first barrage of economic sanctions' on Russia

Posted: 22 Feb 2022 12:32 AM PST

According to BBC political editor, Laura Kuenssberg, Johnson is convinced that Putin seems "bent on a full scale invasion" and should announce the "first barrage of economic sanctions" later.The key word there being first in my view. That suggests that the sanctions are likely to not be too comprehe

Oil continues to surge as Russia-Ukraine tensions weigh

Posted: 22 Feb 2022 12:18 AM PST

$100 oil may be on the cards now as prices are jumping amid Russia-Ukraine tensions and as we await sanctions to hit Russia. Markets are getting rather jittery on the whole situation and this is seeing oil surge further this week after a bit of a stall in the week prior.From a technical perspecti

European equities sharply lower at the open

Posted: 22 Feb 2022 12:05 AM PST

Eurostoxx -1.8%Germany DAX -2.5%France CAC 40 -2.3%UK FTSE -1.5%Spain IBEX -2.5%It's a rough start as equities are rattled by the whole Russia-Ukraine situation. If anything, there is more downside potential beckoning as tensions aren't likely to be resolved soon. Sanctions against Russia will be pu

EU sanctions may be limited, as a response to eastern Ukraine situation - official

Posted: 21 Feb 2022 11:46 PM PST

EU member states' ambassadors to discuss possible sanctions against Russia this morningScope of sanctions to be discussedSanctions may be limited but some countries may seek broader sanctionsPredictable. I reckon we'll have to wait on it being official for markets to really get a sense of what is on

EU's Borrell: Decision on sanctions against Russia to be made this PM

Posted: 21 Feb 2022 11:26 PM PST

All the big talk is coming out now but only time will tell of the details. Markets are worried and anxious at the moment but if this happens to just be a slap on the wrist, we could see risk trades find some minor relief.That said, it remains to be seen what the Ukraine response will be and how much

Russian central bank says ready to take all measures to support financial stability

Posted: 21 Feb 2022 11:24 PM PST

Russian stocks are down by over 8% on the day and there will be plenty of worries involving domestic assets as we await upcoming sanctions from the West. Considering the latest developments, I wouldn't expect anything major that will bite Russia too hard. But in any case, markets are feeling jittery

UK's Javid: We will be introducing sanctions on Russia

Posted: 21 Feb 2022 11:12 PM PST

We are waking up to a dark day in EuropeCan conclude that invasion of Ukraine has begunBoris Johnson to make a statement to parliament today on UkrainePlenty of big words but let's see when push comes to shove, what this would all really mean. I reckon it might very well just be a slap on the wrist

Eurostoxx futures -1.4% in early European trading

Posted: 21 Feb 2022 11:05 PM PST

German DAX futures -1.6% UK FTSE futures -0.9% Spanish IBEX futures -1.5% It's not looking pretty for equities as Russia-Ukraine tensions continue to play out, with sanctions starting to come into the picture against Russia. It also remains to be seen what the Ukraine response will be

Trade ideas thread - European session 22 February 2022

Posted: 21 Feb 2022 11:00 PM PST

A bit of a dinky trivia. If you flip the date today the other way around, it still reads out 22022022.And now, back to the thread. Well, Russia-Ukraine tensions are continuing to play out and the big question now is what comes next?I would argue the base case is that Russia gets their claim of the s

A light one on the data docket in Europe today

Posted: 21 Feb 2022 09:58 PM PST

Russia-Ukraine tensions are still the main issue in the spotlight for markets and we're seeing a more risk-off tilt as a result of the latest developments. Equities are hammered lower and we're seeing a decent chunk of safety flows into bonds, with investors needing to catch up a little considering

Russia says open to talks and diplomacy, when asked on possible Lavrov-Blinken talks

Posted: 21 Feb 2022 09:55 PM PST

And that will the tagline throughout this entire episode but at the same time, Russia will continue to try and get what it wants and the world may very well have to just live with that.

Risk-off vibes dominate ahead of European trading

Posted: 21 Feb 2022 09:28 PM PST

The significant headlines in the past few sessions: Putin recognizes Luhansk and Donetsk independence Report: Russia to recognize separatist-controlled borders, not the entire regions Ukraine's President says borders will stay as they are no matter what Russia says There is still a se

Australia pulls diplomats out of Ukraine citing increased risks to safety

Posted: 21 Feb 2022 08:28 PM PST

Its just after 3pm in Canberra, Australia's capital.  Good to see the foreign ministry folks have arrived at work. 
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