Tuesday News: Mass Fall

Tuesday News: Mass Fall

This Tuesday there is a common trend of setback for both commodities and other assets.  

The S&P 500 shed 0.74% and the Nasdaq Composite is 2.04% down.

XBRUSD settled at $98, marking a two-week low after soaring to $130 last week, due to the optimism around Russian-Ukrainian talks. XAUUSD also has lost 1.5%.

XAUUSDDaily.png

Futures for palladium, which is widely mined in Russia and used in electronics, dentistry, and medicine, fell 15%, the biggest drop since the COVID-2020 sell-off.

PalladiumH4.png

Investors' attention is also focused on the US Federal Reserve’s meeting on Wednesday. The US central bank is expected to raise interest rates for the first time in three years to offset rising inflation.

Russia began the process of paying two bond coupons this week. Investors are waiting to see if the country will default after the US and its allies froze Russia's foreign exchange reserves.

After Bitcoin (BTC) faced its third failure in a row, investors became more confident to add positions in altcoins. For BTC, the path to $50,000 seems more difficult than previously expected. Now BTCUSD is approximately $38770.

BTCUSDH1.png

Russian air travel could disappear as planes are out of service. Sanctions blocked the supply of spare parts from Boeing and Airbus, so the planes can only fly well for six months or a year. Most likely, after that, all Russian aviation will be on hold.

Have a great trading day!

Similar

What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera