Ukraine refused to accept the treaty under which Russia annexed the “self-proclaimed” Republic of Crimea and the city of Sevastopol as part of its territory, the Ukrainian Foreign Ministry said Tuesday.
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed.
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone.
U.S. futures as well as Europe’s markets remain flat this morning ahead the 2:00 pm EDT Federal Open Market Committee (FOMC) policy statement and Chairwoman Janet Yellen’s first news conference will follow at 2:30 pm EDT.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3966.
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend.
In considering the daily chart for copper, there are several questions that instantly come to mind.
The AUD/USD pair fell initially during the session on Wednesday, but found enough support near the 0.8950 level to turn things back around and form a hammer.
Of all the markets and instruments that I comment on and write about, none attracts more strongly differing opinions than gold.
Brent crude oil (BNO, quote) traded at $108.29 at 5:45 GMT on Wednesday morning as worries about slipping global demand outweighed concern about the situation in Ukraine.
