Gold prices today scaled the $2,000-level for the first time in a year-and-a-half

US stock markets: Geopolitical worries are clouding the outlook for U.S stocks, even as Russia’s invasion of Ukraine moderates expectations for how aggressively the Federal Reserve will tighten monetary policy in the coming months. 

Concerns over the conflict weighed on the S&P 500 on Friday, as the index pared a rally that has seen it rise 5.2% from its Feb 24 intraday low. The see-saw moves come as investor hopes that the Fed may raise rates less severely than anticipated vied with worries about inflation and higher commodity prices, stoked by sanctions against Russia, one of the world’s biggest commodity exporters. 

Investors have virtually priced out the chances of a hefty 50 basis point rate hike in March, giving a lift to the technology and growth stocks that had been pummeled in recent weeks by anticipation of harsh Fed tightening. 

Economic Calendar

The stock market has been buoyed by expectations for a less aggressive Fed and lower yields in aggregate. The threat of higher interest rates has receded somewhat.

Dow Jones Industrial Average

The Dow Jones Industrial Average fell 0.53%. The best performers of the session on the Dow Jones Industrial Average were Walmart Inc., which rose 2.53% or 3.53 points to trade at 142.82 at the close. Meanwhile, UnitedHealth Group Incorporated added 2.48% or 12.06 points to end at 498.65 and Walgreens Boots Alliance Inc. was up 2.14% or 1.00 points to 47.72 in late trade. The worst performers of the session were Boeing Co, which fell 4.24% or 8.01 points to trade at 180.84 at the close. American Express Company declined 3.86% or 6.94 points to end at 172.95 and Visa Inc. Class A was down 3.35% or 6.94 points to 200.29.

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NASDAQ 100

The NASDAQ index fell 1.66%. The top performers on the NASDAQ Composite were Atreca Inc. which rose 211.38% to 5.20, Imperial Petroleum Inc. which was up 53.64% to settle at 3.38 and VEON Ltd which gained 52.09% to close at 0.40. The worst performers were Cerberus Cyber Sentinel Corp which was down 25.74% to 4.53 in late trade, Cambium Networks Corp which lost 24.66% to settle at 20.56 and View Inc. which was down 23.78% to 1.41 at the close.

Oil price - Crude Oil market, Brent Oil market

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil. 

Talks to revive Iran's 2015 nuclear deal with world powers were mired in uncertainty on Sunday following Russia's demands for a U.S. guarantee that the sanctions it faces over the Ukraine conflict will not hurt its trade with Tehran. China has also raised new demands, according to sources. In response to Russia's demands, U.S. Secretary of State Antony Blinken said on Sunday that the sanctions imposed on Russia over its Ukraine invasion have nothing to do with a potential nuclear deal with Iran. 

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The United States and European allies, meanwhile, are exploring banning imports of Russian oil, Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban. U.S West Texas Intermediate crude rose $10.83, or 9.4%, to $126.51.

Precious and Base Metals - Gold price, Silver price, Palladium price

Gold prices today scaled the $2,000-level for the first time in a year-and-a-half, as investors rushed to the safety of the metal in the wake of an escalating Russia-Ukraine crisis, while supply disruption fears sent palladium to an all-time high. Spot gold was up 0.9% at $1,986.83 per ounce, after scaling to its highest since Aug. 19, 2020, at $2,000.69 earlier in the day. U.S. gold futures rose 1.3% to $1,992.00.

If this was risk aversion driven by the U.S. Federal Reserve as seen ahead of this war, that wasn't something that lifted gold as that risk aversion was about rising rates, which is not an environment in which gold does well. This risk aversion, however, is geopolitical, and so there seems to be a reflective demand for non-paper assets. 

Trade Commodities Today! GOLD, SILVER, and OIL

Fighting stopped about 200,000 people from evacuating the besieged Ukrainian city of Mariupol for the second day in a row on Sunday, as Russian President Vladimir Putin vowed to press ahead with his invasion unless Kyiv surrendered. Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 0.4% to 1,054.3 tonnes on Friday - their highest since mid-March 2021. 

Palladium was up 4.3% at $3,130.16 per ounce, after hitting an all-time high of $3,172.22 earlier in the session. Russia accounts for 40% of global production of the auto-catalyst metal, used by automakers in catalytic converters to curb emissions. We're looking at a very significant pick-up in concerns around the disruptions with Ukraine seemingly because the conflict is showing signs of broadening. Spot silver was up 0.4% at $25.76 per ounce, while platinum jumped 2% to $1,143.47.

Traditional Agricultures - Corn futures, Wheat futures

Wheat futures galloped to another 14-year high as Russia’s invasion of Ukraine increasingly fanned fears of massive disruptions to grain exports from the Black Sea region. Wheat and corn futures advanced by their daily trading limits during a volatile session, though the corn market later trimmed its gains. The week-old war has closed Ukrainian ports and prompted unprecedented Western financial sanctions against Russia, leaving crop buyers rushing to seek alternative supply sources. Russia and Ukraine account for about 29 percent of global wheat exports and 19 percent of corn exports.

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Commodity currencies were swept to multi-month peaks as the war in Ukraine sent oil prices spiking

*The dollar was up on Monday morning in Asia, with the euro falling to a fresh 22-month low

*The Australian and New Zealand dollars each rose 0.9% to four-month peaks

*Sterling has also been weighted by gloom over Europe's outlook and fell to a two-month low

The euro tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as the war in Ukraine sent oil prices spiking and stoked fears of a stagflationary shock that could hammer Europe.

The euro fell as much as 1% to $1.0822 in Asia trade, its lowest since May 2020. It is down more than 4% since Russia began what it calls a special military operation in Ukraine and is not far from testing its 2020 trough of $1.0636. It also fell below one Swiss franc for the first time since the Swiss quit their euro peg in 2015, hitting 0.9970. 

Economic Calendar

Oil futures, which surged more than 20% last week, leaped to highs not seen since 2008 as the United States and Europe mulled bans on Russian imports. Wheat hit a 14-year high. The Australian and New Zealand dollars each rose 0.9% to four-month peaks. 

The crisscross of pipelines from Russia through Ukraine is just indicative of how enmeshed and dependent much of Europe has become on Russian energy and that's not something you can turn around quickly. A much gloomier European growth outlook is being priced in. The euro fell on Monday to a 15-month low of 124.39 yen and touched its lowest since mid-2016 on the pound at 82.01 pence. 

Against the Aussie, the euro has lost more than 10% over about a month. Euro/dollar volatility gauges are at their highest since March 2020. Fighting in Ukraine intensified over the weekend and attempts at a ceasefire to allow civilians to evacuate from the besieged city of Mariupol seem to have so far failed. 

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The conflict and harsh western sanctions on Russia have sent Russian assets tumbling and prices of Russian exports such as precious metals, oil, and gas soaring at a time when the global economy was already grappling with inflationary pressures. 

All up, it's another big, ugly supply shock on top of lingering COVID impacts, with serious inflationary consequences that give central banks absolutely no room to give growth a chance. Sterling has also been weighted by gloom over Europe's outlook and fell to a two-month low of $1.3187. The South Korean won was pummeled to a 21-month trough and traders said South Korea's foreign exchange authority was buying to try and limit the decline.

Euro

The single currency tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as the war in Ukraine sent oil prices spiking and stoked fears of a stagflationary shock that could hammer Europe. The euro fell as much as 1% today in Asia trade, its lowest since May 2020 Overall, the EUR/USD traded with a low of 1.0884 and a high of 1.0665 before closing the day around 1.0934 in the New York session.

Yen

The Japanese Yen traded slightly lower against the U.S Dollar. The ongoing conflict in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hit Europe the hardest. The U.S Dollar Index that tracks the greenback against a basket of other currencies was up 0.27% to 98.933. It was near a 22-month peak of 98.925 hit on Friday. Overall, the USD/JPY traded with a low of 114.63 and a high of 115.53 before closing the day around 114.83 in the U.S session.

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British Pound

The British Pound has also been weighted by gloom over Europe's outlook and fell to a two-month low of $1.3187. The South Korean won was pummeled to a 21-month trough and traders said South Korea's foreign exchange authority was buying to try and limit the decline. Fighting in Ukraine intensified over the weekend. Overall, the GBP/USD traded with a low of 1.3200 and a high of 1.3353 before closing the day at 1.3238 in the New York session.

Canadian Dollar

The Canadian Dollar fell against its U.S counterpart on Friday and was on track for a weekly decline as the intensifying war in Ukraine triggered a flight to quality, overshadowing encouraging U.S jobs data. U.S crude prices were up 3.4% at $111.28 a barrel as fears over disruption to Russian oil exports in the face of Western sanctions. Overall, USD/CAD traded with a low of 1.2667 and a high of 1.2789 before closing the day at 1.2735 in the New York session.

Australian Dollar

The Australian Dollar was at a four-month high today courtesy of a massive rally in commodity prices and a slump in the euro to its lowest since 2017. The Aussie climbed 1.9% last week and finally cracked the January peak of $0.7314. RBA Governor Philip Lowe is due to give a speech on Wednesday where he will likely expand on their latest thinking on inflation and wages. Overall, AUD/USD traded with a low of 0.7138 and a high of 0.7235 before closing the day at 0.7231 in the New York session.

Trading Signals and Trading Forecasts

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 40 and lies below the neutral zone. In general, the pair has lost 1.70%.

Sterling-Yen

Currently, GBP/JPY is trading below 14, 50 and 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 42 reading and lies below the neutral zone. On the whole, the pair has lost 1.35%.

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 54 reading and lies above the neutral region. In general, the pair has gained 0.06%.

Euro-Sterling

This cross is currently trading above 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 46 and lies below the neutral region. Overall, the pair has lost 0.35%.

Sterling-Swiss

This cross is trading below 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 40 and lies below the neutral region. In general, the pair has lost 0.86%.

Elliott waves forex trading idea for 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 partner's 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 forex trading idea for AUD/USD

Hello traders and investors. I am Radi Valov, a professional trader and today  I will present you my forex analysis for AUD /USD. In general, in recent weeks the forex market has had more volatility too. Today I want to pay special attention to this currency pair, as according to my forex analysis we are in the initial stage of a new upward cycle.

AUD/USD-Weekly Chart

The Australian and New Zealand dollars are generally perceived as risky assets and have traditionally risen during the rising phases of the stock market. However, in recent weeks the correlation between these two currency pairs and the stock markets has been much weaker and we are likely to see a new trend. 

Since my previous analysis of this forex pair, my expectations are that the correction for wave (B) or (X) has ended as a double zigzag and a new upturn phase is beginning, which in the long run will take AUD / USD to around 0.90.

AUD/USD-Daily Chart

A confirmation that we have started a new upward cycle we will have at a break of 0.7560. (peak of wave X)

After the bottom in the area of 0.6960 on a two-day chart, a triple has developed upwards, which I have designated as (a) - (c) - (c). At this stage, wave (c) may not be over yet, but my expectations here are for a slight correction to find support in the area around 0.7280-7330, after which the upward movement to continue with potential targets first 0.7560 and 0.7760.

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

Until we see a breakthrough in the 0.7560 alternate scenarios with blue on the graph is still possible. In this scenario, the last Z wave should start from a current level to make a new bottom, but for now, the preferential scenario is red on the chart and we stick to it. If there is a potential development to confirm the bearish option, I will release a quick update.

Elliot Waves trading idea for Gold, Silver and Gdx

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Elliott waves trading idea for Copper update

Hello traders and investors. I am Radi Valov, a professional trader and today  I would like to make a quick update to my analysis for copper. The moment for this commodity is especially interesting because according to my analysis, the movement here is just beginning. (see my previous analysis for copper)

Copper-Daily Chart

After today's closing, it can be safely assumed that the symmetrical triangle I am considering for wave (4) is complete. This means that we are starting a new ascending phase for wave (5). A potential conservative target for this wave is around 550-580, but it should be borne in mind that very often the last fifth wave in commodities becomes the longest in impulse movement and ends with parabolic acceleration, which means a much larger target. A critical point for the bullish scenario at the moment is the bottom of wave E - 444. A break at this level would mean that the alternative scenario with blue on the graph is valid.

Copper-1 Hour Chart

After the bottom, which I consider for the end of wave E, a very clear impulse movement develops and I allowed myself to go down to a one-hour trading chart for all who are looking for a precise input with a very high risk/return ratio.

I expect in the coming days to see a correction of this rise marked as wave 1 on the chart. It is possible that the price will return to the area around 460-466, which would be an ideal level of support for the development of upward acceleration for wave 3.

Elliot Waves trading idea for Gold, Silver and Gdx

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's 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.

Developments around the war in Ukraine will remain the main driver of euro price action

• Investors worried about the impact of conflict in Ukraine on the euro zone's economic prospects
• Data yesterday showed U.S. private employers hired more workers than expected in February
• The Canadian currency extended gains after the Bank of Canada on Wednesday raised interest rates

The dollar edged higher against the euro on Wednesday, as investors worried about the impact of an escalating conflict in Ukraine on the euro zone's economic prospects, while commodity-linked currencies strengthened. 

The Russian rouble extended its recent slide to hit record lows in Moscow trade as stinging Western sanctions over Moscow's invasion of Ukraine pummeled Russia's financial system. Developments around the war in Ukraine will remain the main driver of euro price action for the session.

 A continued escalation of conflict with no clear off-ramps for Russia is pulling the euro toward a test of 1.10 in the coming days. The euro was 0.3% lower against the dollar, after slipping to a fresh 21-month low of 1.1059, earlier in the session. 

Economic Calendar

We believe investors should underweight the euro area in both the currency and the equity space given its vulnerability to any further escalation. Meanwhile, the U.S. Federal Reserve will move forward with plans to raise interest rates this month to try to tame inflation, even as the outbreak of war in Ukraine has made the outlook "highly uncertain", Fed Chair Jerome Powell said on Wednesday. Judging from just his testimony... it's pretty much in line with our view that the Federal Reserve is going to hike rates at the next meeting. 

Data on Wednesday showed U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher as the labor market recovery gathers steam. Commodity-linked currencies, including the Canadian, Australian, and New Zealand currencies were firmer as investors expect to benefit from higher commodity prices.

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Euro

The single currency was pinned near a 21-month low today by worries that Russia's invasion of Ukraine will hurt European growth, while commodity currencies hit multi-week highs as export prices surged. On a corporate level there is web of complex relationships between the EU and Russian firms, particularly in the energy sector. Overall, the EUR/USD traded with a low of 1.1140 and a high of 1.1245 before closing the day around 1.1216 in the New York session.

Yen

The Japanese Yen gained as investors worried about the impact of an escalating conflict in Ukraine, while commodity-linked currencies strengthened. Meanwhile, the U.S Federal Reserve will move forward with plans to raise interest rates this month to try to tame inflation, even as the outbreak of war in Ukraine has made the outlook highly uncertain Overall, the USD/JPY traded with a low of 114.84 and a high of 115.72 before closing the day around 114.98 in the U.S session.

British Pound

The British Pound rose against a weakening euro yesterday, with investors focusing on market bets on UK and eurozone rate hikes amid concerns about the economic impact of the war in Ukraine. The pound edged higher also versus a rising dollar while investors continued to rush into safe-haven assets. Overall, the GBP/USD traded with a low of 1.3326 and a high of 1.3430 before closing the day at 1.3416 in the New York session.

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Canadian Dollar

The Canadian Dollar rose yesterday against the greenback and all the other G10 currencies, as the Bank of Canada hiked interest rates for the first time since October 2018 despite recent financial market volatility due to the crisis in Ukraine. Canada's central bank hiked its key interest rate by 25 basis points to 0.50% as expected to help fight inflation. Overall, USD/CAD traded with a low of 1.2657 and a high of 1.2807 before closing the day at 1.2672 in the New York session.

Australian Dollar

The Australian Dollar sped to a four-year high on the euro yesterday as monster gains in commodity prices looked set to shower exporters in cash, and Europe desperately sought replacements for Russian supplies. Commodities are on a tear as ever-tightening sanctions on Russia have markets fearing major shortages of everything from oil to aluminum to wheat. Overall, AUD/USD traded with a low of 0.7138 and a high of 0.7235 before closing the day at 0.7231 in the New York session.

Trade U.S and Australian Stocks

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 40 and lies below the neutral zone. In general, the pair has lost 0.96%.

Sterling-Yen

Currently, GBP/JPY is trading below 14, 50 and 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 42 reading and lies below the neutral zone. On the whole, the pair has lost 0.43%.

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 54 reading and lies above the neutral region. In general, the pair has lost 0.07%.

Euro-Sterling

This cross is currently trading above 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 46 and lies below the neutral region. Overall, the pair has lost 0.51%.

Sterling-Swiss

This cross is trading below 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 40 and lies below the neutral region. In general, the pair has lost 0.89%.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's 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.

Brent surpassing $107 and U.S. crude above $106 per barrel

US stock markets: Wall Street slumped today, with financial stocks bearing the brunt of the damage for a second straight day as the Russia-Ukraine crisis deepened and stirred anxiety among investors. 

All 11 major S&P sectors declined, with financials tumbling 4.3% and tracking their biggest daily percentage decline since June 2020. Wells Fargo lost 6.1%, while the broader banks index slid 5.7% as U.S. 10- year Treasury yields slumped to five-week lows amid a flight to safe-haven debt. Chevron Corp climbed 2.7% to hit a record high after the oil major also raised its share buyback program and forecast for operating cash flow through 2026, and as oil prices surged. 

Economic Calendar

Russia warned Kyiv residents to flee their homes and rained rockets on the city of Kharkiv as Russian commanders intensified their bombardment of Ukrainian urban areas in a shift of tactics after their six-day assault stalled. The conflict has drawn sharp reprisals from the West including the blocking of certain Russian lenders’ access to the SWIFT international payment system.

Dow Jones Industrial Average

The Dow Jones Industrial Average fell 1.76%. The best performers of the session on the Dow Jones Industrial Average were Chevron Corp, which rose 3.9722% or 5.71 points to trade at 149.72 at the close. Meanwhile, Home Depot Inc. added 1.3995% or 4.42 points to end at 320.25 and Walmart Inc. was up 0.6141% or 0.82 points to 135.99 in late trade. The worst performers of the session were American Express Company, which fell 8.4713% or 16.47 points to trade at 178.05 at the close. Boeing Co declined 5.0794% or 10.43 points to end at 194.91 and JPMorgan Chase & Co was down 3.7729% or 5.34 points to 136.44.

Forex News: Forex analysis

NASDAQ 100

The NASDAQ index fell 1.59%. The top performers on the NASDAQ Composite were Avenue Therapeutics Inc. which rose 78.46% to 0.60, CTi Biopharma Corp which was up 63.15% to settle at 3.09 and Gbs which gained 50% to close at 0.69. The worst performers were Vroom which was down 46.54% to 3.25 in late trade, Mullen Automotive Inc. which lost 39.34% to settle at 1.02 and Goodrx Holdings Inc. which was down 38.94% to 16.72 at the close.

Oil price - Crude Oil market, Brent Oil market

Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia's invasion of Ukraine. Members of the International Energy Agency (IEA), which includes the United States and Japan, agreed to release 60 million barrels of crude from their reserves to try to quell the sharp increase in prices that pushed major benchmarks past $100 a barrel. However, news of that release - equivalent to less than one day of worldwide oil consumption - only magnified the market's fear that supply will be inadequate to cover growing disruptions. 

Trade Commodities Today! GOLD, SILVER, and OIL

U.S WTI crude rose $7.69, or 8.0%, to settle at $103.41. That was its highest close since July 2014 and its biggest daily percentage gain since November 2020. Markets rallied further in thin post-close trading, with Brent surpassing $107 and U.S. crude above $106 per barrel after the American Petroleum Institute, an industry group, said U.S crude stocks fell by more than 6 million barrels in the most recent week.

Precious and Base Metals - Gold price, Silver price, Palladium price

Gold was down today morning in Asia as the U.S. dollar strengthens. Gold futures were down 0.26% to $1,938.75. The yellow metal rose about 6.5% in February, hitting an 18-month high of $1,973.96 last week. The dollar, which normally moves inversely to gold, inched up 0.04%. 

Investors are flocking to safe-haven assets as Russia’s invasion of Ukraine intensified. Russia warned Kyiv residents to flee their homes, and Russian commanders have intensified the bombardment of Ukrainian cities. The benchmark U.S. 10-year yield rose to 1.7548% from 1.711% late on Tuesday. Investors are concerned about aggressive interest rate hikes of the U.S. Federal Reserve in the next few months amid the Ukraine tensions and soaring inflation. 

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Investors also await Fed Chairman Jerome Powell’s testimony before the U.S. Congress on Wednesday and Thursday for more clues on interest rate hikes. SPDR Gold Trust, holdings of the world's largest gold-backed exchange-traded fund, rose 1.3% to 1,042.38 tones on Tuesday, the highest since July 2021. In other precious metals. 

Palladium rose 1.2%, after hitting a seven-month peak of $2,722.79 on Tuesday. Russia is the biggest producer of palladium, with Moscow-based Nornickel accounting for 40% of the metal’s global mine production last year. Silver fell 0.9%, while platinum was up 0.1%. Palladium rose today, extending gains after hitting a seven-month peak in the previous session as the Russia-Ukraine crisis worsened, while gold fell after the dollar strengthened. 

The war and the sanctions imposed by Western nations on Russia significantly cut off access to Russian palladium supply. Ukraine's besieged cities were bracing for more attacks on Wednesday, as Russian commanders facing fierce Ukrainian resistance intensify their bombardment of urban areas in a push toward the capital Kyiv.

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Traditional Agricultures - Corn futures

Corn futures jumped by their daily limit while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia's attack on Ukraine will continue to disrupt exports from the Black Sea region. Ukrainian ports will remain closed until Russia's invasion ends, the head of Ukraine's Maritime Administration said.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's 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.