President Joe Biden spoke with President Vladimir Putin of Russia about Russia’s military buildup on Ukraine’s borders. President Biden was clear that if Russia launches a new invasion of Ukraine, the United States, together with our allies and partners, will respond decisively, imposing swift and severe costs on Russia. President Biden reiterated that a Russian invasion of Ukraine would result in more human suffering and lower Russia’s position. Volatility is expected in the markets in the face of this military-diplomatic conflict.
This week the Federal Reserve prepares to announce its monetary policy update and faces a growing risk of making an easing mistake too soon. This would tip the economy into recession as it faces decades-high inflation that is proving to be more persistent and pervasive than I know I expected.
After keeping interest rates near zero since the start of the pandemic, Fed Chairman Jerome Powell and his colleagues are poised to embark on a credit-tightening campaign next month, with some economists forecasting a skyrocketing hike. of half a percentage point to start the cycle.
The danger is that, with price gains well above its 2% target, the Fed will be pressured to overreact, pushing the economy into recession by rapidly raising borrowing costs for consumers and businesses, and sinking markets. financiers who have become accustomed to his ultra-expansive monetary policy.
USDCAD remains short below 1.2750. Below 1.2720 we go sell to 1.2710 and 1.2700. The FOMC could maintain a positive speech regarding its interest rates in March. Above 1.2750 remains buyer until the levels of 1.2780. Caution with the levels of 1.2750 (possible buys without completing until the targets), it is preferable to wait for the sellers. Sell target levels are between 1.2670 and 1.2665.
EURUSD below 1.1365 remains under sell pressure. Below 1.1350 selling rises to 1.1330. From 1.1330 to 1.1320. Buy levels of the cross are found at 1.13. Monday’s market open could be buying but only under confirmation above 1.1360.
GBPUSD above 1.3550 remains buyer above 1.3550 up to 1.36. The lows between 1.3530 and 1.3520 remain the cross with high potential buyers.
USDJPY remains short below 115.50 and 115.60. Sell should be confirmed as there will be buy pressure between these highs. The sell target levels are between 115.30 and 115.20.
XAUSD XAUUSD remain buyers at their highs. In silver the sell start below 23.50 (confirmed) until 23.30 and 23.20. New buys start at 23.70 until 23.88 and 23.90. On Gold below 1856.40 profit taking levels would start until 1850.0. Between the levels of 1870. and 1875.0 it is not ideal to buy or stay with active buy.
The cryptocurrency market remains seller. ETH below 3000. It is for sell. Buyers would enter 3000 to 3100.0. BTC remains in consolidation below 43,000. Buyers would wait for the 43,000 levels to enter until 43,200 and 44,000.
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