Gtag:

Let’s Not Avoid Russia – Ukraine ongoing Uncertainty, Have a Look on Key Headlines & Gold Too; March 11, 2022

Let’s not Avoid Russia – Ukraine ongoing Uncertainty, Have a Look on Key Headlines & Gold ofcourse

The world and the Global Financial markets have digested the uncertainty over Russia – Ukraines war. We have seen mixed behaviour of U.S. dollar against major peers as U.S. dollar has strengthened against Japanese Yen, Euro & Pound while U.S. dollar seems depreciateing against CAD and AUD both. Today Gold remains volatile and but remains well supported above $1,970 marks.

Traders await for the major two bills pass by the U.S. parliament and that are Bill on Digital Currency and the other on sanctions regarding Russia’s Gold Reserves. Let’s wait for the time being and keep an eye on key economic, geo political movement going across the globe.

  • Ukraine hopes humanitarian corridor will beopened from city of Mariupol on Friday, say deputy PM.
  • Bombs hit near airports in west Ukrainian cities Ivano-Frankiivsk and Lutsk, far from Russia’s main push, reports AP.
  • Ukraine says it will no longer buy Russian nuclear fuel, reports Reuters.
  • UK says it remains highly unlikely that Russia successfully achieved objectives outlined in pre-invasion plan for Ukraine (Reuters).
  • A $13.6 billion emergency package of military and humanitarian aid for besieged Ukraine and its European allies easily won final congressional approval on Thursday, hitching a ride on a government-wide spending bill that’s five months late but loaded with political prizes for both parties.
  • UN council to meet on Russian claim of U.S. labs in Ukraine.
  • U.S. President Joe Biden will announce actions on Friday to continue to hold Russia accountable for the war on Ukraine, say White House (Reuters).
  • U.S. President Joe Biden will announce actions on Friday to continue to hold Russia accountable for the war on Ukraine, say White House (Reuters).
  • Canada’s Prime Minister Justin Trudeau said during a visit to Poland that his country will take as many refugees fleeing war in Ukraine “as we can”.
  • Ukrainian President Volodymyr Zelenskyy denied Russia’s accusation that Ukraine is preparing to attack with chemical or biological weapons, and he said the accusation itself was a bad sign.
  • IMF expects to cut global growth forecast due to Ukraine war, Managing Director Kristalina Georgieva said.
  • The United States has no intention of sending our military troops to Ukraine to fight a war against Russia… Our assessment is based on is how to prevent a world war: White House Press Secretary Jen Psaki.

Technical View:

XAU/USD (Gold):

  • Gold starts a new day on a lower note and hovers around $1,990 mark.
  • Today pair made intraday high at $1,999 and low at $1,981 mark.
  • A triple EMA on a day chart is up and H1 chart suggests bearish trend for the time being.
  • A sustained close above $1,998 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,970 on H1 chart will check further supports.
SUPPORTS RESISTANCES
$1,970 $2,001
$1,962 $2,009
$1,955 $2,015
$1,948 $2,022
$1,940 $2,030

 

Take a look and do trade wisely!
Good Luck

Tags
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Headquarter

Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close