JPY is strongest and NZD is weakest at the start of the NA session


Strongest to weakest currencies

The CHF and USD are attracting safe-haven flows and are the strongest currencies as US traders enter for the week. The NZD is the weakest.

Tensions on the Ukraine/Russia border persist. That put equities under pressure, with European stocks catching up with Friday’s drop in the United States. Their shares fell by more than 3%. US pre-market stocks were also lower in pre-market trading but are recovering as Putin asks Russian Foreign Minister Lavrov to report to the US and he says there are possibilities for a diplomatic solution . As a result, losses have narrowed as markets adjust to the news.

In Canada, the blockade on Covid policies at the Ambassador Bridge has been lifted. The impact shut down auto manufacturing in the United States and disrupted other businesses in Canada and the United States

In other markets, the snapshot shows:

  • Place

    gold

    Gold

    Gold is the most traded and most important commodity. Prized for its historical significance and used to trade goods, the gold market today is estimated at nearly $2.4 trillion. The value of gold fluctuates constantly, as it trades on public exchanges where its price is determined by supply and demand. . Gold has historically had considerable importance and even today it is highly sought after. Gold has been used as currency because it does not corrode, and the material allows some absorption of light creating a yellow glow, giving rise to the name yellow metal. Ultimately, institutional and retail investors buy and sell gold contracts or physical gold, creating the flow of demand and supply. It can be pure speculation, to acquire or distribute physical gold, or as a hedge for a trading application. For day traders, the goal of trading gold is to profit from its daily price movements. It should be noted that physical gold is not actually handled or taken, but transactions take place electronically and only profits or losses are reflected in the trading account. There are several ways to ultimately trade gold. Retail brokers typically offer exposure to gold through contracts for difference (CFDs). Beyond retail brokers, the primary way to trade gold is through a futures contract. It represents an agreement to buy or sell something i.e. gold at a future date. Buying a gold futures contract does not mean that you actually have to take possession of the physical commodity. sold to. However, on a futures exchange, gold moves in increments of only $0.10. This increment is known as the tick. This is the smallest movement a futures contract can make. If you buy or sell a futures contract, the number of ticks the price moves away from your entry price determines your profit or loss.

    Gold is the most traded and most important commodity. Prized for its historical significance and used to trade goods, the gold market today is estimated at nearly $2.4 trillion. The value of gold fluctuates constantly, as it trades on public exchanges where its price is determined by supply and demand. . Gold has historically had considerable importance and even today it is highly sought after. Gold has been used as currency because it does not corrode, and the material allows some absorption of light creating a yellow glow, giving rise to the name yellow metal. Ultimately, institutional and retail investors buy and sell gold contracts or physical gold, creating the flow of demand and supply. It can be pure speculation, to acquire or distribute physical gold, or as a hedge for a trading application. For day traders, the goal of trading gold is to profit from its daily price movements. It should be noted that physical gold is not actually handled or taken, but transactions take place electronically and only profits or losses are reflected in the trading account. There are several ways to ultimately trade gold. Retail brokers typically offer exposure to gold through contracts for difference (CFDs). Beyond retail brokers, the primary way to trade gold is through a futures contract. It represents an agreement to buy or sell something i.e. gold at a future date. Buying a gold futures contract does not mean that you actually have to take possession of the physical commodity. sold to. However, on a futures exchange, gold moves in increments of only $0.10. This increment is known as the tick. This is the smallest movement a futures contract can make. If you buy or sell a futures contract, the number of ticks the price moves away from your entry price determines your profit or loss.

    Read this term is trading down $3.16 or -0.16% at $1,855.25. Gold is traded as high as $1862.15 and as low as $1850.85
  • Place

    silver

    Silver

    Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as its volatility, it is widely traded. For traders in precious metals, gold is a much more popular market. Large institutions buy gold as a currency hedge when real interest rates and returns on other assets become unacceptable. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure. Instead, money functions more strongly as a commodity than as a currency. Silver, also known as the white metal, is commonly tied to gold and the relationship between the two often dictates its price. The entire silver market is currently only worth around $540 billion, making it much smaller than other markets. Despite its smaller market share, the price of silver can swing wildly without much money entering it. The supply of silver is only increasing by 1-3% each year, and about half of the market is consumed by industry (unlike gold, which is more limited in its use). In August 2020, there were 19.2 billion ounces of silver reserves in the world (meeting certain purity standards) against 1.83 billion ounces of gold reserves. Both are typical offerings from retail brokers. Investing in silver CFDs saves you the hassle of paying for silver storage. Additionally, CFDs give you the ability to trade silver both ways. Many retail investors prefer to trade silver through CFDs with brokers because there are no large fees for physical delivery or commission which can erode potential profits.

    Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as its volatility, it is widely traded. For traders in precious metals, gold is a much more popular market. Large institutions buy gold as a currency hedge when real interest rates and returns on other assets become unacceptable. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure. Instead, money functions more strongly as a commodity than as a currency. Silver, also known as the white metal, is commonly tied to gold and the relationship between the two often dictates its price. The entire silver market is currently only worth around $540 billion, making it much smaller than other markets. Despite its smaller market share, the price of silver can swing wildly without much money entering it. The supply of silver is only increasing by 1-3% each year, and about half of the market is consumed by industry (unlike gold, which is more limited in its use). In August 2020, there were 19.2 billion ounces of silver reserves in the world (meeting certain purity standards) against 1.83 billion ounces of gold reserves. Both are typical offerings from retail brokers. Investing in silver CFDs saves you the hassle of paying for silver storage. Additionally, CFDs give you the ability to trade silver both ways. Many retail investors prefer to trade silver through CFDs with brokers because there are no large fees for physical delivery or commission which can erode potential profits.

    Read this term is trading up $0.12 or 0.54% at $23.66
  • WTI crude oil futures are trading at $92.53, down $0.55 on the day, and well off the high price of $94.91 (new cycle high and seven years).
  • Bitcoin price is trading at $42,542. It traded as high as $43,034 over the weekend, the low price hit $41,575 today. It’s been a pretty quiet weekend for the digital currency

In pre-market US equities, the Dow Industrial Average is now trading flat on the day. The NASDAQ and S&P are also back almost unchanged after trading lower overnight

  • Dow Industrial Average -1 point after Friday’s -503.53 point decline
  • S&P index -1 point after Friday’s -85.42 point drop
  • NASDAQ index unchanged after Friday’s -394.49 point drop

In European stock markets, major indices were down more than 3% when I started this report, but they have since recovered around 1% of those declines:

  • German DAX, -2.36%
  • CAC France, -2.43%
  • UK FTSE 100 -1.33%
  • Ibex from Spain, -2.2%
  • Italian FTSE MIB -2.1%

In the US debt market, yields are trading mixed with the short and higher on the long term a little lower (30-year decline -0.4 basis points).

US yields are

US returns are mixed

In European debt markets, yields are down about five basis points.

European yields are lower

European yields are lower

Markets evolve as they adapt to headlines. It should be a volatile day.

PS Bullard is due to speak on CNBC at 8:30 a.m. ET. He is a voting member and he favors a hike of 50 bps in March, 100 bps by July, QT and agrees to action between meetings if needed.

BCE Lagarde is due to testify on the ECB’s annual report before the European Parliament later this morning.


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