The game is still in the air, and the markets know it

• The U.S dollar dipped slightly against a basket of major currencies yesterday
• Russian President Vladimir Putin recognized two breakaway regions in the country
• The Kremlin said it remained open to diplomacy with the United States and other countries
• U.S President Joe Biden announced the first wave of sanctions against Russia

The U.S dollar dipped slightly against a basket of major currencies on Tuesday amid choppy trade spurred by developments in Ukraine after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area. 

The Kremlin said it remained open to diplomacy with the United States and other countries as it faced actions from a slew of countries. Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas.

The dollar weakened somewhat as U.S. President Joe Biden announced the first wave of sanctions against Russia while saying he hoped diplomacy was still available. The euro rose versus the greenback after earlier touching its lowest level since Feb. 14, buoyed in part by the hope for talks and economic data that showed business morale in Germany improved in February across all sectors to its highest since August. The dollar index fell 0.1%, with the euro up 0.2% to $1.1333. The greenback swung between gains of as much as 0.1% and a decline of 0.35% on the day. 

Economic Calendar

Putin is running the show here, but the markets are not responding as if they are really fearful that what happened is an irredeemable escalation that is going to end up with the kind of sanctions that wreck economies, or at least will wreck the global recovery. The game is still in the air, and the markets know it; they don’t see it as a great change in the situation. Russia's rouble strengthened 2.07% versus the dollar at 78.76 after weakening to 80.9275 per greenback, a level last seen in November 2020. Sterling was last trading at $1.359, down 0.06% on the day. The dollar earlier gained some ground after data from IHS Markit showed U.S. business activity in February regained speed as the drag from a surge in COVID-19 cases during the winter ebbed Other data, however, showed U.S. consumer confidence fell for a second straight month in February. 

Elliott waves trading signal for Copper

After initially strengthening against the dollar, safe havens such as the Swiss franc and Japanese yen gave back gains against the greenback. The dollar was up 0.6% against the Swiss franc while the yen weakened 0.29%. The New Zealand dollar jumped to five-week highs on Wednesday as the country's central bank hiked rates as expected and signaled a more aggressive path forward than even the most hawkish investor had wagered. The Reserve Bank of New Zealand (RBNZ) raised rates 25 basis points to 1.0% but revealed it came close to moving by 50 basis points to head off a further pickup in inflation expectations.

Euro

The single currency one-month volatility level jumped yesterday to its highest in 15 months, as the single currency was hit by rising risk aversion amid a gas price surge and escalation of tensions in Ukraine. Russian President ordered troops to two breakaway regions in Ukraine, sending the euro one-month volatility to its highest level since Nov 2020. Overall, the EUR/USD traded with a low of 1.1343 and a high of 1.1394 before closing the day around 1.1371 in the New York session.

Yen

The Japanese Yen steadied amid choppy trade spurred by developments in Ukraine after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area. The Kremlin said it remained open to diplomacy with the United States and other countries as it faced actions from a slew of countries. Overall, the USD/JPY traded with a low of 115.33 and a high of 115.77 before closing the day around 115.47 in the U.S session.

Elliott waves forex trading idea for EUR/USD GBP/USD and AUD/USD

British Pound

The British Pound fell to a six-day low against the dollar and euro yesterday with investors cautious on the British currency amid the Russia-West stand-off over Ukraine. Also weighing on the pound, BoE Deputy Governor Dave Ramsden yesterday signaled more monetary tightening, but said he now sees a "modest" rate hike over the coming months. Overall, the GBP/USD traded with a low of 1.3529 and a high of 1.3599 before closing the day at 1.3583 in the New York session.

Canadian Dollar

The Canadian Dollar was little changed against its U.S counterpart yesterday as investors weighed the economic impact of Russia-Ukraine tensions, and the price of oil, one of Canada's major exports, gave back some of its earlier gains. The Canadian dollar has largely been at the mercy of oil markets yesterday. Overall, USD/CAD traded with a low of 1.2661 and a high of 1.2723 before closing the day at 1.2684 in the New York session.

Australian Dollar

The Australian Dollar was on the rise as global markets steadied in the wake of Russia's latest moves in Ukraine. It stumbled a little when local data showed annual wage growth only edged up to 2.3% in the December quarter when bulls had hoped for 2.4% or more. Futures responded by slightly lengthening the odds on a Reserve Bank of Australia (RBA) rate hike as early as June. Overall, AUD/USD traded with a low of 0.7169 and a high of 0.7228 before closing the day at 0.7171 in the New York session.

Elliot waves trading idea for SP500 and the Dow Jones

Euro-Yen

EUR/JPY is trading below 14, 50 and 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also issuing a bearish stance. The Relative Strength Index is above 41 and lies below the neutral zone. In general, the pair has gained 0.03%.

Sterling-Yen

Currently, GBP/JPY is trading below 14 and above 50, 100 days moving average. Fast stochastic is issuing a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 45 reading and lies below the neutral zone. On the whole, the pair has gained 0.25%.

Aussie-Yen

Currently, the cross is trading above 14, 50 and below 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 43 reading and lies below the neutral region. In general, the pair has gained 0.55%.

Euro-Sterling

This cross is currently trading below 14, 50 and below 100 days moving average. Fast stochastic is indicating a bullish tone and MACD is also issuing a bullish signal. The Relative Strength Index is above 44 and lies above the neutral region. Overall, the pair has lost 0.22%.

Sterling-Swiss

This cross is trading above 14, 50 and 100 days moving average. Fast stochastic is issuing a bearish stance and MACD is also indicating a bearish tone. The Relative Strength Index is above 46 and lies above the neutral region. In general, the pair has gained 0.04%.

Elliott waves signal for Gold update

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partners prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Elliott waves trading signal for Copper

Hello traders and investors. Today I want to show you my market forecast for a very important commodity - Copper. Naturally, this commodity is closely linked to the economic cycle and trade, and for this reason, it is usually correlated with the stock market as a whole. First of all, I will start with the monthly trading chart. I consider the rise from the middle of the last century until today as a still unfinished impulse of the Grand Cycle.

At the moment, according to my wave counting, we are developing the fifth last wave of this impulse.

On the daily trend chart, I am considering the rise from March 2020 until May 2021 as a completed impulse for wave 3 and now a correction for wave 4 is being developed. This correction is most likely a symmetrical triangle, which offers a very good opportunity to plan a trading strategy with a high risk/return ratio. According to this analysis, the last E wave of the triangle is most likely to develop now, the potential target for the end of this wave is the area around 427-430. The critical point for the whole analysis is the bottom of wave C.- 411

Elliott waves signal for Gold update

The alternative analysis (with blue in the graph) allows the momentum from March 2020 to May 2021 to be wave (1) of (V). According to this scenario, the symmetrical triangle will be considered as wave B or X, followed by a serious failure. The scenario can be considered possible only after the break of wave C from the symmetric triangle.

Elliott waves forex trading idea for EUR/USD GBP/USD and AUD/USD

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partners prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Elliott waves signal for Gold update

 This is a short update of my previous Elliott waves trading signal for Gold

On a monthly chart, there is nothing new. But with the weekly close from yesterday, there is a possibility that wave (e)  has ended with the bottom at 1780.

Confirmation of the end of wave 4 and the beginning of a new ascending cycle is a break in the top of wave (d) of the triangle - 1877. Currently, the critical point for this bullish scenario is the bottom of January 28, 1780. If we are at the beginning of the new upward phase, the potential here is quite serious and currently offers a good risk/return ratio.

Elliott waves signal for Silver

Elliott waves signals for S&P500

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partners prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Oil prices fell today as talks to resurrect a nuclear deal with Iran entered their final stages

U.S. stock index futures eased yesterday with retail sales data and minutes of the Federal Reserve’s last meeting on investors’ radar, while Western skepticism over Russian claims of a pullback of some troops near Ukraine kept caution in the air. 

While Russia said more of its forces surrounding Ukraine were withdrawing on Wednesday, NATO said it was yet to be convinced. Kyiv, meanwhile, hinted at Russian involvement in a cyber-attack on Ukraine’s defense ministry website. 

News of the pullback had seen the NASDAQ surge 2.5% on Tuesday, while the S&P 500 and the Dow Jones each ended more than 1% higher. Shares of big banks edged lower, while those of major growth names Apple Inc., Google-owner Alphabet Inc., Amazon.com Inc., Microsoft Corp, Meta Platforms Inc. and Tesla Inc. were mixed after rallying strongly in the previous session. 

Economic Calendar

Meanwhile, drugmaker Moderna’s chief executive Stephane Bancel said in a CNBC interview that it is “reasonable” to assume that the final stages of the pandemic may be near.

Dow Jones Industrial Average

The Dow Jones Industrial Average lost 0.16%. The best performers of the session on the Dow Jones Industrial Average were Walt Disney Company, which rose 1.05% or 1.63 points to trade at 156.35 at the close. Meanwhile, Procter & Gamble Company added 0.76% or 1.19 points to end at 158.01 and Nike Inc. was up 0.63% or 0.91 points to 146.49 in late trade. The worst performers of the session were Salesforce.com Inc., which fell 1.17% or 2.51 points to trade at 211.74 at the close. 3M Company declined 1.09% or 1.71 points to end at 155.63 and Goldman Sachs Group Inc. was down 1.07% or 3.89 points to 360.05.

The oil market remains tight and prices are still on course for a move towards $100 a barrel

NASDAQ 100

The NASDAQ index lost 0.11%. The top performers on the NASDAQ Composite were Hookipa Pharma Inc. which rose 54.48% to 2.070, Upstart Holdings Inc. which was up 35.65% to settle at 148.01 and Satellogic V Inc. which gained 27.51% to close at 7.230. The worst performers were Avenue Therapeutics Inc. which was down 48.69% to 0.313 in late trade, Masimo Corporation which lost 36.99% to settle at 144.20 and Baudax Bio Inc. which was down 26.78% to 4.6000 at the close.

Oil

Oil prices fell today as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. U.S West Texas Intermediate (WTI) crude was down $1.34, or 1.4%, at $92.32. 

The oil market is locked in a tug of war between Iranian sanctions relief and Russian-Ukraine tensions. The United States is in "the midst of the very final stages" of indirect talks with Iran, aimed at salvaging a 2015 deal limiting Tehran's nuclear activities, State Department spokesperson Ned Price said on Wednesday. 

U.S crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time high

A decision on salvaging the nuclear deal was said by France to be only days away on Wednesday and that it was up to Tehran to make the political choice, though Tehran called on Western powers to be "realistic" However, continuing tensions over a possible Russian invasion of Ukraine continues to support oil markets because of the potential disruption to energy supplies.

Precious and Base Metals

Gold prices gained today after a steady start on a Russian news report of mortar fire in eastern Ukraine that sent investors scurrying to safe-haven assets. Spot gold rose 0.3% to $1,874.55 per ounce, hovering near a June high of $1,879.48 hit on Tuesday, and having risen as much as 0.5% intraday. U.S gold futures gained 0.3% to $1,877.60. 

Russian-backed separatists in eastern Ukraine accused government forces today of opening fire on their territory and said they were trying to establish if anyone had been hurt or killed. Ukraine denied these accusations. The report comes as Russia has amassed more than 100,000 troops close to Ukraine's borders, raising fears of an invasion. 

Trade Commodities Today! GOLD, SILVER, and OIL

Classic risk-off moves ensued late in the Asian session with equity index futures lower, gold and the yen higher. Traders are now waiting for any follow-through to see how this escalates. If Russia invades, then gold is likely to be catapulted higher, but to see a sharp reversal that sends gold markedly lower would likely require Russian troops to actually be seen leaving the border.

 The U.S. dollar clawed background after reports of the attack and limited the gains for greenback-priced gold. Gold was also supported after minutes of the latest policy meeting signaled a less hawkish-than-feared Federal Reserve. Gold has been range-bound between $1,845 and $1,880 and should remain here until either geopolitical tensions have eased a little, or the Fed commits to showing that they are really still looking to remove liquidity and raise interest rates faster. 

Higher interest rates tend to increase the opportunity cost of holding non-interest-paying gold, but a fall in U.S. Treasury yields supports the bullion. Spot silver fell 0.1% to $23.52 per ounce, platinum firmed 0.9% to $1,072.36, a three-month high, while palladium rose 1% to $2,303.36. Copper prices fell today as investors took a cautious stance amid growing Russia-Ukraine tension, while the dollar firmed, making greenback-denominated metals more expensive.

Traditional Agricultures

Soybean futures rallied yesterday, rising 2.3 percent to halt a two-day fall with the market underpinned by concerns that forecast rain may be insufficient to avert further drought damage to crops in Argentina and southern Brazil.

Crude oil prices, which have already rallied about 20% this year, are likely to surpass $100 per barrel

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partners prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

The dollar bounced on Thursday after a Russian news report of mortar fire in eastern Ukraine

• Russia-backed rebels accused Ukrainian forces of shelling their territory
• Russia has amassed more than 100,000 troops close to Ukraine's borders
• The euro fell as much as 0.4% as traders immediately saw risks of a wider war

The U.S dollar index was down yesterday, hitting its lowest level since Friday after minutes from the last U.S. Federal Reserve meeting suggested policymakers are not set on a particular pace of interest rate hikes. 

According to the January meeting minutes released yesterday, Fed officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that decisions would depend on a meeting-by-meeting analysis of data. 

Strategists said the minutes suggested policymakers may not be as hawkish as investors feared. Members were not as aggressive as some had expected, which is being reflected in the modest sell-off of the dollar. We are taking these minutes with a grain of salt anyway, as the meeting happened before the recent CPI and PPI data, which were considerably higher than the forecast.

Economic Calendar

Earlier this week, St. Louis Fed President James Bullard reiterated calls for a faster pace of Fed rate hikes, and stronger-than-expected U.S. economic data including Wednesday's U.S. retail sales data have helped to underscore that view. Those expectations have helped to give support to the dollar in recent sessions. At the Fed's Jan. 25-26 meeting, policymakers agreed that it would "soon be appropriate" to raise the Fed's benchmark overnight interest rate from its near-zero level. 

President Joe Biden said that a Russian attack on Ukraine remains a possibility

On the geopolitical front, the United States and NATO said Russia was still building up troops around Ukraine on Wednesday despite Moscow's insistence it was pulling back. Russia-backed rebels accused Ukrainian forces of shelling their territory in violation of agreements aimed at ending the conflict in the contested Donbas area, the RIA news agency said, a report later denied by Ukraine. Russia has amassed more than 100,000 troops close to Ukraine's borders and the West has threatened Russia with new sanctions if it attacks.

Euro

The single currency fell as much as 0.4% today in the Asian session as traders immediately saw the risks of a wider war. But Ukraine's denial and the location of the reported attack within already contested territory calmed things. The standoff on Europe's eastern edge is one of the deepest crises in East-West relations for decades. Overall, the EUR/USD traded with a low of 1.1343 and a high of 1.1394 before closing the day around 1.1371 in the New York session.

Investors are lost in the fog of war and that’s why we are seeing this volatility

Yen

The Japanese Yen traded lower despite Japan's exports rising 9.6% in January from a year earlier, Ministry of Finance data showed today. The rise was weaker than the 16.5% increase expected by economists in a Reuters poll and follows the growth of 17.5% in December. January imports rose 39.6% year-on-year, versus the median estimate for a 37.1% increase. Overall, the USD/JPY traded with a low of 115.33 and a high of 115.77 before closing the day around 115.47 in the U.S session.

British Pound

The British Pound gained as Britain's inflation rate hit its highest since March 1992 in January when it rose to 5.5% and is expected to extend its climb to above 7% in April, prompting fears of the sort of wage-price spiral that once dogged the country's economy. The market is looking at two central banks that are both hawkish. Overall, the GBP/USD traded with a low of 1.3529 and a high of 1.3599 before closing the day at 1.3583 in the New York session.

Tensions in Eastern Europe pushed demand for the dollar and the safe-haven yen

Canadian Dollar

The Canadian Dollar strengthened against its U.S counterpart as oil prices rose and domestic data showed inflation further heating up in January. Canada's annual inflation rate accelerated in January to a 30-year high of 5.1%, as food and housing costs continued to rise, while the average of the Bank of Canada's three core measures rose to 3.2%. Overall, USD/CAD traded with a low of 1.2661 and a high of 1.2723 before closing the day at 1.2684 in the New York session.

Australian Dollar

The Australian Dollar heading for the third day of gains as markets remained optimistic on Ukraine and local data showed the labor market had weathered a wave of coronavirus cases. Australian data showed the economy still managed to create a net 12,900 jobs in January even as an Omicron COVID-19 wave slugged activity, keeping unemployment at a 13-year low of 4.2%. Overall, AUD/USD traded with a low of 0.7169 and a high of 0.7228 before closing the day at 0.7171 in the New York session.

The United States said Russia has massed enough troops near Ukraine to launch a major invasion

Euro-Yen

EUR/JPY is trading below 14, 50 and 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also issuing a bearish stance. The Relative Strength Index is above 41 and lies below the neutral zone. In general, the pair has gained 0.03%.

Sterling-Yen

Currently, GBP/JPY is trading below 14 and above 50, 100 days moving average. Fast stochastic is issuing a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 45 reading and lies below the neutral zone. On the whole, the pair has gained 0.25%.

Aussie-Yen

Currently, the cross is trading above 14, 50 and below 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 43 reading and lies below the neutral region. In general, the pair has gained 0.55%.

Euro-Sterling

This cross is currently trading below 14, 50 and below 100 days moving average. Fast stochastic is indicating a bullish tone and MACD is also issuing a bullish signal. The Relative Strength Index is above 44 and lies above the neutral region. Overall, the pair has lost 0.22%.

Sterling-Swiss

This cross is trading above 14, 50 and 100 days moving average. Fast stochastic is issuing a bearish stance and MACD is also indicating a bearish tone. The Relative Strength Index is above 46 and lies above the neutral region. In general, the pair has gained 0.04%.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partners prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

The oil market remains tight and prices are still on course for a move towards $100 a barrel

Wall Street ended sharply higher yesterday, as signs of de-escalating tensions along the Russia-Ukraine border sparked a risk-on session. All three major indexes notched solid advances on the day, with market-leading tech and tech-adjacent stocks providing the biggest boost and putting the NASDAQ, which gained 2.5%, out front. 

The Philadelphia SE Semiconductor index jumped 5.5% in its largest one-day percentage gain since March 2021. Geopolitical heat was turned down a notch after Russia said it had withdrawn some of its troops near the Ukraine border, prompting bullish equities sentiment and causing crude prices to slide on easing supply concerns. The announcement received guarded responses, and the United States and NATO said they had yet to see evidence of a drawdown.

Stocks briefly pared gains late in the session, when U.S President Joe Biden said that while diplomatic efforts are ongoing. Markets have been moving based on Putin or Federal Reserve Chairman Jerome Powell.

Economic Calendar

Dow Jones Industrial Average

The Dow Jones Industrial Average rose 1.22%. The best performers of the session on the Dow Jones Industrial Average were Salesforce.com Inc., which rose 3.80% or 7.85 points to trade at 214.25 at the close. Meanwhile, Boeing Co added 3.66% or 7.69 points to end at 217.73 and American Express Company was up 2.93% or 5.63 points to 197.98 in late trade. The worst performers of the session were Chevron Corp, which fell 0.73% or 0.99 points to trade at 134.26 at the close. 3M Company declined 0.42% or 0.67 points to end at 157.34 and International Business Machines was down 0.16% or 0.21 points to 129.94.

NASDAQ 100

The NASDAQ index added 2.53%. The top performers on the NASDAQ Composite were Resonant Inc. which rose 256.91% to 4.390, Color Star Technology Co Ltd which was up 93.11% to settle at 0.8881 and Tower Semiconductor Ltd which gained 42.08% to close at 47.07. The worst performers were Larimar Therapeutics Inc. which was down 52.09% to 4.010 in late trade, Hudson Capital Inc. which lost 31.82% to settle at 3.420 and Medpace Holdings Inc. which was down 20.30% to 138.87 at the close.

Trade Commodities Today! GOLD, SILVER, and OIL

Oil

Oil prices recouped losses today after slipping more than 3% in the previous session, as investors gauged the impact of easing Russia-Ukraine tension against a taut balance of tight global supplies and recovering fuel demand. U.S crude was at $92.71 a barrel, up 64 cents, or 0.7%, after the contract ended Tuesday's session down 3.6%.

The price of Brent jumped 50% in 2021, while WTI soared about 60%, as a global recovery in demand from the COVID-19 pandemic strained supply. Moscow's Tuesday announcement of a partial pullback in troops from Ukraine's borders was met with skepticism, as U.S President Joe Biden warned that more than 150,000 Russian troops were still massed near the borders. But beyond the Ukraine tension, the oil market remains tight and prices are still on course for a move towards $100 a barrel. Technically we could see prices heading back to $90 a barrel on profit-taking, but they will trend higher towards $100 as the economy is getting back on track.

Precious and Base Metals

Gold prices ticked higher as the dollar slid on Wednesday after safe-haven bullion retreated from an eight-month high in the previous session on easing fears of a Russian invasion of Ukraine. Spot gold gained 0.2% to $1,856.83 per ounce. U.S gold futures were nearly steady at $1,857.80. Gold prices touched their highest level since June last year on Tuesday, before reversing course to close almost 1% lower. 

Asian shares rallied after Moscow indicated it was returning some troops to base from exercises. Looking ahead, the more fungible dollar is the preferred safe haven to gold among core investors and could fall on any further de-escalation in the Ukraine crisis, prompting a rally in gold and vice-versa. The dollar dipped slightly on Wednesday, making greenback-priced bullion cheaper for buyers holding other currencies. 

Earn rebates from every trade your friends make

British consumer prices rose at the fastest annual pace in nearly 30 years last month, reinforcing the chances that the Bank of England will raise interest rates for the third meeting in a row. Elsewhere, the U.S. Federal Reserve will kick off its tightening cycle in March with a 25 basis-point interest rate hike, a Reuters poll found, but a growing minority says it will opt for a more aggressive half-point move to tamp down inflation. 

Besides weekly momentum indicators and buying the 'dip' indicating that the path of least resistance is higher, most traders do expect higher volatility to be a main-stay of gold markets going forth as rumors and market whispers increase. Among other precious metals, spot silver rose 0.8% to $23.53 per ounce, platinum firmed 0.3% to $1,028.28, and palladium climbed 1.7% to $2,286.52. Copper prices firmed today as easing fears of a Russian invasion of Ukraine boosted risk appetite, with investors closely watching the release of the Federal Reserve's January policy meeting minutes for clues on the roadmap for rate hikes. Three-month copper on the London Metal Exchange (LME) was up 0.2%.

Traditional Agricultures

Wheat and corn futures fell yesterday as Moscow’s announcement that some of its troops were returning to base after drills tempered investor fears of a Russian invasion of Ukraine that could disrupt Black Sea export flows. Soybean fell as traders assessed chances for rain in dry growing belts in Argentina.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partners prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.