Kremlin: Seriously concerned by flare-up in violence in eastern Ukraine

Eren Sengezer FXStreet

A Kremlin spokesperson said on Thursday that Russia is seriously concerned by the flare-up in violence in eastern Ukraine, as reported by Reuters.

Additional takeaways

"Moscow has repeatedly issued warnings over the concentration of Ukrainian forces near the contact line."

"Hopeful western capitals and NATO will use influence to warn Kyiv against inflaming situation there."

"It took weeks to deploy forces for military exercises and it takes time to withdraw them."

"Time is needed for troops to return to usual bases, it cannot be done in days."

"Russian defence ministry has a clear timetable to withdraw forces after war games."

"Defence minister told Russian President Putin certain phases of drills near Ukraine and in Crimea were nearing their end and forces involved in them will return to base when exercises end."

"We hope people will not believe fake reports about new possible Russian invasion date."

Market reaction

These comments don't seem to be having a significant impact on risk sentiment. As of writing, US stock index futures were down between 0.4% and 0.55, the US Dollar Index was flat on the day at 95.80.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.