Gold: Russia set for a nuclear deterrent in the Ready stage
Russia set for Nuclear Deterrent whenever Western attacks against Russian Troops.
XAUUSD Gold price is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Gold prices increased over 2% last week after Ukraine met more Russian attacks on consecutive days.
Russia also Hikes 20.00% Interest Rate suddenly today, and this rate hike happened due to more foreign currencies inflow to Russian Central Banks.
And Western Countries made the SWIFT system Banned for Russian Central Banks and Consecutively Russian Central Bank Did Rate hikes to compensate for this Currency inflows.
SPDR Gold Trust said 2.6 million GLD shares inflow in Five consecutive weeks and 1.2 million shares made last week.
Rising Fears make FED 25-50bps rate is doubtful and keeps rates unchanged is more expected in March Month.
So Yellow metal Gold rising Further will indicate this doubtful rate hikes from FED.
US Dollar: Russian Central Bank hikes 20.00% interest rate
USDJPY is moving in an ascending triangle pattern and the market has rebounded from the higher low area of the pattern.
Today, the Central Bank of Russia lifted 2000 bps points or 20.00% rate hikes after Western Countries Banned CBR from the SWIFT Payments system.
And Bank of Russia said Interest rate hikes were done due to offset the Risks of Rouble Depreciation and inflation.
The Russian Finance minister will announce whether Exporters can sell Forex revenues in the market.
And Russian currency Rouble has crashed 40% after Wester Countries Banned SWIFT Payments system to CBR.
Goldman Sachs predicted Seven rate hikes this year
Goldman Sachs predicted seven rate hikes will meet in this financial year 2022 due to More inflation in the US is expected.
And US Core PCE index inflation forecast to 3.7% in 2022 versus 3.1% previous and 2.4% at the end of 2023 Versus 2.2% last.
The Wider CPI-PCE Gap shows 4.6% Headline CPI inflation in 2022 and 2.9% in 2023.
The high inflation rate in 2022 shows very hotly for all seven FED meetings this year.
In 2023, four rate hikes are expected, and Terminal funds will be 2.75-3.00%.
EURO: SWIFT Payments banned for Central Bank of Russia
EURCAD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Euro currency deteriorates further as European Council increases Russian Ban.
And SWIFT payments System was Banned for the Central Bank of Russia, and No countries in European members could not do transactions in the Russian Central Bank.
And 25% of Wheat exports from Ukraine and Russian countries So Wheat Prices have Rocketed Up.
Now China is not Facilitating payments from Russian Commodity transactions.
And Now Oil prices shoot up further, and OPEC+ countries have their agreement production only not to set for further increases according to Demand.
UK Pound: Bank of England prohibits UK Citizens from investing in CBR
GBPNZD is moving in the Descending channel and the market has fallen from the lower high area of the channel
British Chancellor Rishi Sunak and Bank of England Governor Andrew Bailey announced that any legal person having Business with the Central Bank of Russia, Russian Wealth Funds and Ministry of Finance of Russian Federation is Banned and Prohibited from today.
And CBR has planned for Selling Forex reserves in the way of SWIFT System, and We and our allies also ban that as per Bank of England proposed.
UK Pound like too weak further as Safe Haven Currencies like USD set to for Higher due to War risk went higher.
Canadian Dollar: Bank of Canada Rate hike forecast
Crude oil is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Bank of Canada monetary policy meeting scheduled this week and No rate hike expectations from Central Bank due to War times in Russia and Ukraine.
But 100bps rate hikes are expected by this summer.
And Oil prices are protecting the Canadian Dollar, and revenues are counted more for Canadian Exports and the Canadian economy’s GDP strength.
Hence Canadian Dollar remains dominant performance whatever the Oil prices are going for higher in the coming days.
Japanese Yen: Japanese FM Speech
AUDJPY is moving in the Symmetrical triangle pattern and the market has reached the Top area of the pattern.
Japanese Finance Minister Masato Kanda said Russia banned from SWIFT System will incur more costs for Russian Financial systems.
We will be cautious about the Japanese Economy and Stability to measure.
And Japanese Cabinet secretary Matsuno said we will discuss G7 countries to take full measure on the SWIFT system to Russia.
We will further implement sanctions if Russia Goes more in Ukraine countries.
Australian Dollar: Retail sales shows Robust growth in Australia
AUDCAD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Australian Retail Sales Data month on month increased to 1.8% for January against 0.3% expected and Previous numbers of -4.4%.
The Strong numbers in Australia show public spending increasing as Covid-19 restrictions dropped.
Australian Dollar did not increase after news came due to Russian and Ukraine War eyes are significant impacts to riskier currencies like AUD and NZD.
Tomorrow RBA is set to release the Monetary Policy meeting, and Last meeting Asset purchases stopped, this time maybe see the outlook for Further reducing assets or rate hike forecast in 2022.
New Zealand Dollar: the US has provided $25 million to Ukraine Human Welfare Funds
NZDUSD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
New Zealand Dollar climbs above the 0.6700 mark after Geopolitical tensions have heightened in Russia and Ukraine.
Russia has announced they are interested in reaching an agreement as soon as possible.
And Ukraine shows dominant attacks against Russian troops and Western countries providing more equipment and missiles to Ukraine.
The US Has provided $25 million to Ukraine’s Human Welfare due to War loss and the Country public to save from inflation.
And New Zealand Dollar shows a lack of Bullish performance due to War Fears escalated more.
Swiss Franc: Swiss Government Ready to implement sanctions against Russia
CHFJPY is moving in the Symmetrical triangle pattern and the market has reached the Top area of the pattern.
Swiss Government is poised or ready to sanctions on Russia and Hands with EU is expected as Per Swiss President Cassis said.
We have followed the traditional neutrality and support Ukraine People who are suffering from Russian attacks; we are expected a smooth Agreement to be reached between Russia and Ukraine.
And Swiss Government amended its Watchlist of 363 Russians and Four companies that the EU punished its actions against Russians.
Russians Held Nearly CHF10.4 billion in Swiss national Bank according to 2020 data.
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