Buying EURUSD while tensions with Russia are rising is not logical.
Russian Foreign Minister Lavrov in response to Ukraine’s attack against Russia border region with US made ATACMS missiles, says it is a signal they seek escalation
Risk off sentiment as Russia’s Kremlin suggests nuclear response
Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.
4 Things You Need to Know
Equities are entirely in the red with sentiment hit following remarks by Russia’s Kremlin, which said “Russia reserves the right to use nuclear weapons in an event of aggression”.
Dollar is firmer vs most peers, but weaker against the JPY which caught a bid owing to its safe-haven status.
Bonds have soared to session highs following comments by the Russian Kremlin that it could respond to aggression in a nuclear manner.
Crude is on the backfoot, XAU bid given the risk-off environment.
Bi-polar trading continues. USDJPY down Friday, up Monday, down Tuesday.
Catalyst: Correlation with lower bond yields elsewhere (see update below) has seen UDJPY firm both vs the USD and on its crosses (note EURJPY)
In any case, failure to establish 155+ puts range at 152-155 where 152.14 is key support and needs to trade hold 153,40 (briefly broken) to cool the downside risk.
Feeble attempt at 1.0600, where there were sellers and not stops  puts the focus back on 1.0550 as the bias setter as long as it trades between 1.05-1.06
To keep the downside contained, EURUSD need to stay above 1.0530 (briefly broken).
Meme Coin Mania Ignites Activity on Solana, Coin Eyes the $260 All-Time High
A renewed surge of meme coin mania on the Solana network, driven by Donald Trump’s election victory, has sparked a significant rise in user activity since early November. This heightened demand positions Solana’s native coin, SOL, to potentially reclaim its all-time high of $260.
Currently, SOL trades just 6% below this peak, leaving the market speculating on how soon it might reach that milestone.