[EUR] Safe-haven Dollar 2022 0301

 

 

cf. [EUR] Putin’s Attack on Ukraine 2022 0224

cf. [EUR] The Ukraine Tension and the Falling EURO 2022 0220

 

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

 

Gjallarhorn has the short positions on Euro recording the loss.

 

It’s not really important to analyze the market technically because the markets only move by the geopolitical risk, the Russia’s invasion to Ukraine. The war in Ukraine renders the technical analysis obsolete.

 

The safe-haven dollar and yen rise and risk-on currencies retreat.

 

The Dollar Index rose to 96.765 on Monday.

 

The Russia’s invasion to Ukraine threw the finance markets into disorder. The invasion has made the volatile markets. The safe-haven asset and the crude oil price surged.

 

The risk-averse sentiment dominates the Forex market as Moscow warned the nuclear weapon.

 

Instead of the military response, the United States and the western countries use the economic sanction such as the expulsion of Russian banks from the SWIFT code. They agreed to expel Russia from SWIFT. The SWIFT is the international network which more 11 thousands banks and finance organizations use.

 

The Russian Rouble plummeted 30 percent. And Russian Central Bank hiked the benchmark interest rate from 9.5 percent to 20 percent to stabilize the rouble.

 

The U.S. bond yield dropped showing the risk-off sentiment. The yield of 10-year Treasury Bond fell 10 bp to 1.868 percent for a while, Monday.

 

The one of the safe-haven asset, Japanese Yen rose.

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