Kremlin denounces US President Biden's 'destabilizing' remarks on Ukraine – AFP

Dhwani Mehta FXStreet

In response to US President Joe Biden’s warnings amidst the Russia-Ukraine crisis, Kremlin came out with a statement on Thursday, stating that it fears US sanctions threats could also embolden Ukraine to try to resolve conflict in Eastern Ukraine militarily, per AFP News Agency.

Additional comments

“Kremlin declines to comment on parliamentarians' call for Putin to recognize breakaway east Ukraine regions as independent states.”

“There is some positive sign of NATO willingness to discuss some security issues with Russia, but they are not the ones that are fundamentally important to Moscow.”

“Doesn't rule out the conversation between Biden and Putin at some point.”

“US sanctions threats do not help reduce tensions in Europe and can have a destabilizing effect.”

Late Wednesday, US President Biden said that “Putin has never seen sanctions like the ones I'm promising.,” threatening that “Russia will be held accountable if it invades, it will be a disaster for Russia if they further invade Ukraine.”

Market reaction

The above comments have little to no impact on the broader market sentiment, reflective of the 0.33% gains in the S&P 500 futures. Meanwhile, the US dollar index is trading flat at 95.50, as of writing.

Author

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.

EUR/USD rises to 1.1800 neighborhood amid renewed USD selling and trade uncertainties

The EUR/USD pair regains positive traction during the Asian session on Wednesday and jumps to the 1.1800 neighborhood in the last hour, reversing the previous day's modest losses. The intraday move up is sponsored by the emergence of fresh US Dollar, which continues to be weighed down by persistent trade-related uncertainties.

GBP/USD remains stronger above 1.3500 following Trump’s State of the Union

GBP/USD remains in the positive territory for the fourth successive session, trading around 1.3510 during the Asian hours on Wednesday. The pair appreciates as the US Dollar remains subdued following US President Donald Trump’s first State of the Union address of his second administration before a joint session of Congress.

Gold re-attempts $5,200 amid tariffs and geopolitical woes

Gold buyers are back in the game early Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.