New sanctions over Russia – Crypto strong

Important News for the day:

Consumer prices

The European Union is adding new sanctions over Russia. Since no progress after several talks has been made, also the EU is trying to add new pressure on the government in Moscow. Since Slovakia stopped blocking the implementation, now new pressure has been added. The pipeline North Stream 1 won’t be used any further and no gas will be imported from Russia moving forward. Furthermore no gasoline products will be purchased from India, which had previous also used Russian oil. Furthermore also financial transactions from other countries will be added to the list of sanctions, which are involved in businesses with Russia.

Market talk

After some strength of the Dollar markets seem to be prepared for negative momentum. Most currency pairs seem to gear up some steam against the Greenback now. The Euro and Pound might have found a bottom for the week, while also the Aussi is rising. The latter might in particular indicate that the positive momentum in equities continues. The S&P seems to be resilient for profit taking potentially supported by stronger earnings. Oil prices could be interesting on the other hand, as they show signs of further weakness in line with the overall bearish trend.

Tendencies in the markets

• Equities positive, USD sideways, Bitcoin positive, ETH strong, oil weaker, Silver positive, Gold positive, JPY weak.