Ukraine’s President Zelenskyy imposes martial law

Dhwani Mehta FXStreet

As Russia goes to war, Ukraine’s President Volodymyr Zelenskyy announces the imposition of martial law, which will cover the entire country.

Zelenskyy noted: “Russia carried out missile strikes on our infrastructure and on our border guards.”

This comes after Ukrainian President Zelensky and his American counterpart Joe Biden spoke on the phone, earlier on.

Meanwhile, various witnesses are tweeting of Hypersonic missiles being used to attack Kramatorsk while Ukraine’s 54th mechanized base just got shot.

The Russian war on Ukraine has just begun and is likely to keep the demand for safe-haven assets notably high.

The fear gauge, S&P 500 futures are down roughly 2% on the day.

S&P 500 futures sink 2% as Russia takes over Ukraine

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.

AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold: $4,150 remains a tough nut to crack as US CPI report looms

Gold pauses recovery near $4,150 as sellers jump in amid pre-US CPI profit-taking. US Dollar licks wounds amid US-Iran optimism and falling Oil prices-led easing inflation concerns. Gold reclaimed key 21-day SMA support on the daily chart as RSI flipped bullish.

NYSE taps Avalanche for clearing and settlement of tokenized securities

Avalanche defied the crypto market drawdown on Monday, up 4% after announcing it will provide the core ledger technology for clearing in the New York Stock Exchange's upcoming tokenized securities trading platform.

This weeks’ two big inflation reports will offer perspective

Payrolls on Friday surprised with a big gain, 165,000 new jobs rather than the 65,000 forecast. Also the unemployment rate fell from 4.2% to 4.1% although average hourly earnings are up only 0.4% ($32.75). This weeks’ two big inflation reports will offer perspective. Tomorrow it’s CPI and on Friday, which is a Friday the 13th, it’s PPI.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.