Ukraine war boosts US LNG and cybersecurity stocks [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Risk sentiment remains weak, volatility HIGH, sudden up and downs are a result of uncertainty & price jumps mostly result from day-trading, and not long-term positioning.

German equities stepped into the correction territory and the global earnings revisions turned negative. Investors watch oil and commodities, but also the American LNG exporter and cybersecurity stocks that are boosted by the Ukrainian war worries. I give a list of stocks that are interesting to watch for the coming months.

In the FX, the US dollar remains strong, the euro weakens against the major peers including the Australian and Canadian dollars, the British pound and the Swiss franc. All eyes are on Thursday’s European Central Bank (ECB) decision.

Elsewhere, the US equities had their worst day since October 2020 and the S&P500 is also about to print a death cross formation on its daily chart.

Gold, on the other hand, saw a decent resistance at the $2000 level, yet the war environment could well justify an advance to fresh all-time-high level for the precious metal.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

EUR/USD pops to yearly highs near 1.1770

EUR/USD rapidly reverses course and hits fresh YTD tops near 1.1780 at the end of the week. The pair’s U-turn comes on the back of the intense sell-off in the Greenback amid the generalised risk-on context.

GBP/USD climbs to four-month tops near 1.3600

GBP/USD is building on its solid weekly advance and is pushing toward the 1.3600 hurdle on Friday, or new four-month peaks. Cable’s strong move higher comes as the Greenback intensifies its decline, while auspicious results on the UK calendar also collaborate with the uptrend.

Gold picks up pace, approaches $5,000

Gold prices keep their uptrend well in place and gear up for an imminent hit to the key $5,000 mark per troy ounce on Friday. The yellow metal’s sharp advance gathers pace amid the increasing weakness in the US Dollar and mixed US Treasury yields across the curve.