What you need to take care of on Tuesday, March 1:

The risk-related sentiment remained as the main market motor. Safe-haven assets gapped higher at the weekly opening amid the escalating war between Russia and Ukraine. The sentiment temporarily improved the early US session amid peace talks. However, such talks ended without decisions. A new round of talks will take place in a few days, but hostilities resumed with Moscow bombarding civilian buildings near Kyiv.

President Putin ignores sanctions and financial chaos: Russia imposes a halt to foreigners' security payments. Local stocks markets will remain closed on Tuesday, while the RUB plummeted to record lows vs the greenback.

Western nations are also escalating their war preparations in the Baltic. Germany and Croatia, among other countries, announced defensive preparations.

ECB President Christine Lagarde tweeted: "I reiterated that the ECB will implement sanctions decided by the EU, and we are ready to do all that is needed within our mandate to ensure price stability and financial stability."

The EUR/USD pair flirted with the yearly low before bounding, now trading around the 1.1200 level. GBP/USD posted a modest intraday advance and settled around 1.3400. Commodity-linked currencies were among the best performers against the greenback, with AUD/USD trading around 0.7250 and USD/CAD in the 1.2690 price zone. The Swiss Franc and the JPY edged firmly higher against the dollar.

Spot gold trades around $1,900 a troy ounce, while the barrel of WTI changes hands at around $935.30, both up from Friday's close.

Increased demand for government bonds dragged yields lower. Meanwhile, most global indexes traded in the red.

Shiba Inu to outperform Dogecoin, as SHIBA targets a breakout to $0.000054

Like this article? Help us with some feedback by answering this survey:

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

AUD/USD bulls seek a break of 0.6925 for 0.6950 target area

AUD/USD bulls seek a break of 0.6925 for 0.6950 target area

AUD/USD is consolidated at the start of the Asian day following some back and forth at the start of the week. The Aussie is trading at 0.6922 and will be dependent on the trajectory of the greenback in the absence of domestic data this week other than Retail Sales tomorrow. 


EUR/USD retreats from fortnight high near 1.0600 on recession/inflation fears

EUR/USD retreats from fortnight high near 1.0600 on recession/inflation fears

EUR/USD holds onto the pullback from a two-week high as bulls get rejections from short-term key resistances, as well as risk-off mood, during Tuesday’s Asian session. The major currency pair remains pressured around 1.0585.


Gold bounces off $1,820 support zone, focus on US data, Fed’s Powell

Gold bounces off $1,820 support zone, focus on US data, Fed’s Powell

Gold Price consolidates recent losses at around $1,825.00 during Tuesday’s Asian session. In doing so, the yellow metal takes clues from the market’s cautious optimism ahead of the key US consumer sentiment numbers and the much-awaited central bankers’ debate at the ECB forum.

Gold News

ApeCoin price edges near a critical level, is the uptrend genuine?

ApeCoin price edges near a critical level, is the uptrend genuine?

ApeCoin price shows compression of two Simple Moving Averages as price consolidates. APE price shows bullish re-entrance on the Volume Profile pattern, but traders should steer away from being early buyers. Invalidation of the bear trend remains at $6.15.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!