Economic and fundamental developments 14-02-2022 US session
14 Feb 2022 05:01 PM
Heightened tensions between Russia and Ukraine are hammering stocks in Europe. Some of the fear surrounding the situation has faded as the Russian government signalled it will continue talks with Western governments. US equities are now showing small gains.
Gold has retreated from its three-month high amid concerns about a potential war in Eastern Europe.
EUR/USD and GBP/USD are down due to continued speculation the Federal Reserve will hike rates several times this year. To an extent, the US dollar is benefitting form the risk-off mood too.