|

Kremlin declines to comment on Bucha allegations and how they will affect peace talks

The Kremlin, in a statement on Monday, declined to comment on Bucha allegations and how they will affect the talks.

The Russian government office said it condemns comments by the leader of Poland's ruling party saying Warsaw would be open to having US nuclear weapons on its soil.

“Such action would only lead to heightened tensions,” the Kremlin added.

On Sunday, Ukraine accused Russia of genocide after mass graves and 20 bodies in civilian clothes were recovered from Bucha town on the outskirts of the capital city of Kyiv, per AFP.

World leaders condemned those atrocities in Bucha while Russia denied the allegations, calling it a ‘provocation’ by Ukraine.

In light of the Russian attacks on innocent civilians, the European Union (EU) is preparing further sanctions against Moscow.

Polish Prime Minister Mateusz Morawiecki responded by saying, "The crimes Russia has committed on close to 300 inhabitants of Bucha and other towns outside Kyiv must be called acts of genocide and be dealt with as such.”

"Everyone responsible - directly or indirectly- must be severely punished by an international tribunal,” he added.

Market reaction

The S&P 500 futures are seen recovering after a brief pullback in the last hour while the European stocks are also clawing back early losses. Despite a better mood, investors will remain on the edge ahead of another round of peace talks between Russia and Ukraine.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD softens below 1.1750 amid ECB rate hold expectations

The EUR/USD pair declines to around 1.1730 during the early European session on Wednesday, pressured by renewed US Dollar demand. Nonetheless, the potential downside for the major pair might be limited amid the growing acceptance that the European Central Bank is done cutting interest rates. 

GBP/USD gains ground above 1.3400 on UK PMI optimism

The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers' Index data. Traders will take more cues from the Fedspeak later on Wednesday. 

Gold advances to near seven-week highs amid US labor market cooling

Gold price extends its upside to near seven-week highs above $4,300 during the Asian trading hours on Wednesday. The precious metal gains momentum as the US labor market remains relatively resilient but shows signs of slowing. The mixed US employment report for November reinforces bets of further rate cuts by the US Federal Reserve and weighs on the US Dollar.

Bitcoin, Ethereum and Ripple extend correction as bearish momentum builds

Bitcoin, Ethereum, and Ripple remain under pressure as the broader market continues its corrective phase into midweek. The weak price action of these top three cryptocurrencies by market capitalization suggests a deeper correction, as momentum indicators are beginning to tilt bearish.

Ukraine-Russia in the spotlight once again

Since the start of the week, gold’s price has moved lower, but has yet to erase the gains made last week. In today’s report we intend to focus on the newest round of peace talks between Russia and Ukraine, whilst noting the release of the US Employment data later on day and end our report with an update in regards to the tensions brewing in Venezuela.

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.