Incredible Price Of Crude Oil, A Look At Cryptomarket, Dollar Index (DXY) And ECB

Incredible Price Of Crude Oil, A Look At Cryptomarket, Dollar Index (DXY) And ECB

The week starts with a 10% rally in US crude prices after the US Secretary of state Blinken said that the US and its allies now consider an embargo on the Russian oil. The market mood is red, again, this Monday. Cutting off the Russian oil will increase the positive pressure on oil prices and will likely send the price of a barrel above $150 in the foreseeable future. The extended rally in oil and commodity prices will likely bring the European economies to ration consumption and weigh on the economic recovery and the corporate earnings in 2022. European indices are severely down at the open. US equities are also poised to open in the red. Bitcoin slipped below the $40K mark during the weekend, the US dollar index prepares an advance to the 100 mark, the euro-franc fell below the 1 mark for the first time since 2015 and gold hit $2000 an ounce. Watch the full episode to find out more! 0:00 Intro 0:32 US crude jumps 10% on risk of sanctions on Russian oil 1:48 UBS downgrades equities to neutral 4:05 Market update: stocks, USD, gold, Bitcoin 5:29 Euro-franc tips a toe below 1.00, should we expect intervention? 6:47 US inflation to near 8% at Thursday print 7:39 ECB will give first verdict since war started on Thursday

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Incredible Price Of Crude Oil, A Look At Cryptomarket, Dollar Index (DXY) And ECB

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