Putin order troops into breakaway Ukraine regions

“You don’t need to have a 100–person company to develop that idea.” – Larry Page

 

 

HEADLINES

 

 

• Putin orders Russian troops to Ukraine after recognising breakaway regions
• Rouble sinks, stocks plunge as Russia recognises Ukraine breakaway regions
• Oil jumps as Russia orders troops to Ukraine regions
• Gold hits near nine-month high as Ukraine crisis deepens
• Stocks slide as Russia orders troops to Ukraine regions
• NZD/USD: RBNZ needs to deliver 50bps hike and hawkish guidance to strengthen the kiwi – MUFG
• GOLD Short Term: Upside favored

 

 

FOREX

 

Putin orders Russian troops to Ukraine after recognising breakaway regions

 

Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war.

A senior U.S. official said the deployment to breakaway enclaves did not yet constitute a "further invasion" that would trigger the harshest sanctions as Russia already had forces there, but that a wider campaign could come at any time.

 

Rouble sinks, stocks plunge as Russia recognises Ukraine breakaway regions

 

 

The rouble fell to as low as 80.0650 against the dollar during Putin's lengthy televised address to the Russian nation but pared some losses as Putin announced his decision, which he said would find support among Russian people. The sharp drop in the rouble from levels around 70 to the greenback seen just four months ago is expected to fuel already high inflation.

 

 

COMMODITIES

 

 

Oil jumps as Russia orders troops to Ukraine regions

Oil jumped to a seven-year high, safe-havens rallied and U.S. stock futures dived on Tuesday as Europe's eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.

Brent crude futures rose 4% to $97.35, their highest since September 2014. S&P 500 futures fell 2% and Nasdaq futures fell 2.7%.

 

 

Gold hits near nine-month high as Ukraine crisis deepens

 

 

Gold prices hit a near nine month-high on Tuesday, after Russia ordered troops into breakaway regions of eastern Ukraine, boosting demand for the safe-haven metal.

U.S. benchmark 10-year yields slipped on the back of the Ukraine crisis and U.S. Federal Reserve rate hike bets, moving away from a more than two-year peak hit last week.

 

 

STOCKS

 

 

Stocks slide, oil jumps as Russia orders troops to Ukraine regions

Global stocks tumbled while safe-havens rallied and oil surged on Tuesday as Europe's eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.

MSCI's broadest index of Asia Pacific shares outside Japan (.MIAPJ0000PUS) skidded 1.44%, dragged down by markets in Hong Kong and mainland China. Japan's Nikkei (.N225) shed 2%.

 

 

ANALYSIS

 

NZD/USD: RBNZ needs to deliver 50bps hike and hawkish guidance to strengthen the kiwi – MUFG

 

“In light of higher inflation, tighter labour market conditions, the buoyant housing market, and long gap since the last RBNZ policy meeting, we believe there is a high risk of a 0.50 point hike. It poses some upside risk for the NZD in the near-term.”

 

 

CHART

 

GOLD Short Term: Upside favored

 

Technical View: Long position above 1880. Target 1910. Conversely, break below 1880, to open 1870.

Comments: The pair is expected to resume advance after correction.

 

 

Source: Trading Central
 

CALENDAR

 

 

*Times in GMT

 

 

Source: FX Street Economic Calendar

 

 

 

SOURCE

 

https://www.fxstreet.com/economic-calendar
https://www.fxstreet.com/news/nzd-usd-rbnz-needs-to-deliver-50bps-hike-and-hawkish-guidance-to-strengthen-the-kiwi-mufg-202202210853
https://www.reuters.com/markets/europe/global-markets-wrapup-1-pix-2022-02-21/
https://www.reuters.com/markets/europe/global-markets-wrapup-2pix-2022-02-22/
https://www.reuters.com/markets/europe/rouble-recovers-1-week-low-strengthen-with-ukraine-tensions-focus-2022-02-21/
https://www.reuters.com/markets/europe/gold-hits-near-nine-month-high-ukraine-crisis-deepens-2022-02-22/