|

US Defense Official: Russia still yet to achieve air superiority in Ukraine

The US believes that, contrary to Russian state media claims, the Russian airforce is yet to achieve air superiority in Ukrainian airspace, said a US Defense official on Monday. 

Additional Remarks:

"The main Russian advance on Kyiv remains slowed, having advanced only 5km from yesterday."

"The US assesses that Russia will try to encircle Kyiv in the coming days."

"Putin has committed nearly 75% of his pre-staged combat power into Ukraine."

"Russia has launched 380 missiles on Ukrainian targets."

"The US is monitoring Russian nuclear forces as closely as possible and hasn't seen any specific muscle movements as a result of Putin's alert order."

"There are no indications that troops from Belarus are being readied to move into Ukraine."

"Russia wants to be able to approach Kyiv from multiple directions."

"The Russians are frustrated by the slow advance on Kyiv and could review tactics to become more aggressive."

"Ukraine's missile defense capabilities remain engaged and viable and Ukraine's president still in control of his forces."

"Russia has not attempted to interdict Western weapons flows to Ukraine."

"There have been no US-Russian military contacts or communications in the last 24 hours."

"The US has seen some indications that Russia's Wagner group could be involved in the Ukraine conflict."

Author

Joel Frank

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

More from Joel Frank
Share:

Editor's Picks

EUR/USD struggles to build on recent rebound, holds above 1.1550

EUR/USD trades marginally lower on the day but holds above 1.1550 in the American session, following Thursday's rebound. The pair holds near its intraday high as the US Dollar remains pressured by hopes the Middle East conflict will soon come to an end.

GBP/USD hovers around 1.3400 as investors await war clarity

GBP/USD remains near its daily open, not far from 1.3400, in the second half of Friday's session. The US Dollar lost its previous intraday strength and weakens as investors await clarity on the US-Iran war.

Gold stabilizes above $4,200 as wait-and-see continues

After rising more than 3% on Thursday, Gold (XAU/USD) stabilized around the $4,200 mark in the American session on Friday. The US dollar seesaws between gains and losses, but remains within familiar levels as investors remain skeptical yet hopeful about a resolution to the Middle East conflict.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

SpaceX launches 24% higher at Friday debut
Space Exploration Technologies (SPCX), aka SpaceX, zoomed 24% higher soon after the start of its first IPO trading day on Friday. Shares of the rocket and artificial intelligence (AI) company founded by Elon Musk began trading at about 11:46 am EST and quickly gained speed.
4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.