Asian Session - Geopolitics Pressures Crude |
|
Market Brief The Usd was weaker in Asian session, as crude prices rallied on geopolitical tensions. The EurUsd traded from 1.4673 to 1.4758, while UsdJpy slipped from 109.70 to 109.00. The AudUsd & NzdUsd were unable to hold early gains, falling to 0.8620 and 0.7030, respectively. Crude prices rose as Russia threatened to use oil supplies to Western Europe in retaliation to NATO's naval maneuvers in the Black sea and potential EU sanctions. This negative news offset much of the positive
Filed under: Fundamental
Latest Posts
- Currency Technical Report
- Crude oil drops as U.S. inventories grow
- Majors’s sentiment for today
- Starting the day
- The British pound may rise above 1.55 says Citigroup
- EUR/USD
- Action Bias Summary Table
- Government Panic Could Herald Dollar Panic
- 15pips GBPAUD Mission Accomplished
- Support, Resistance and Range Forecast
- Forex Market Outlook on Minors/Crosses
- Prime Minister of Japan Taro Aso: any sharp dollar decrease is extremely negative for Japan.
- Successful Polish 2-year auction
- US: ADP report points to a 700 000 decline in payrolls
- US Treasuries cannot profit from disconcenting employment figures