Global Forex Markets Remain Calm After Russia Turmoil Over the Weekend

russia turmoil

The weekend saw a seeming rebellion against the Russian government, or at least the military, by the private Wagner Group, which has been fighting for Russia in large numbers in Ukraine.

The group declared a march on Moscow and occupied two Russian cities on the way before retreating when only a few hundred miles from Moscow. The revolt was called off on Saturday evening, with the leader of the Wagner Group going into exile in Belarus and the Russian military beginning work on absorbing the Wagner Group. Markets seem to have reacted very calmly to these developments.

Japan’s main Forex “diplomat,” Masato Kanda, said today that the relevant authorities will have a response to any excessive moves in the currency market, calling recent depreciations in the Yen “rapid.” This reflects increasing concern that Yen’s strong fall will negatively affect Japan’s strongly recovering economy. 

We are seeing the Japanese Yen fall to multi-year lows against several currencies, and trend traders will note that Japan often talks tough over a weakening Yen but frequently does nothing to stop it. However, trend traders will be wary of the Bank of Japan’s intervention to prop up the Yen, although this would likely be very difficult to achieve.

Bitcoin advanced strongly last week to a new 1-year high price, but there are initial signs that the key resistance level at $30,534 is holding.

Friday saw mostly worse-than-expected PMI data in services and manufacturing in the UK, Germany, and France, while US Services performed better than expected. This emphasizes the relative strength of the US economy.

No high-impact data releases are scheduled today, so it will likely be a very quiet Monday in the markets.

Ready to start trading the Forex markets? Enjoy free yet reliable Forex trading signals here

This Post Has 28 Comments

  1. baddiehub latina

    Baddiehub naturally like your web site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.

  2. Insanont

    Insanont This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!

  3. TimothyPat

    п»їbest mexican online pharmacies: mexican rx online – mexican online pharmacies prescription drugs

  4. JosephVor

    where can i buy ventolin in uk: Ventolin inhaler – buy ventolin online canada

  5. Edisonunumb

    viagra originale recensioni: viagra generico – viagra generico in farmacia costo

  6. Program iz

    Program iz You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!

  7. Eldridge Lahue

    nw pharmacy in canada canadian international pharmacy association

  8. Marianna Sojourner

    I’d like to thank you for the efforts you have put in writing this websiteI’m hoping to check out the same high-grade content by you in the future as wellIn fact, your creative writing abilities has motivated me to get my own blog now😉

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.