Forex or The foreign exchange market is very very large financial market in the world, with a daily turnover of over $5 trillion. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex trading refer to the art of buying or selling currency for profit.

Author Topic: The Dow has soared more than 700 points, the most since the beginning of the yea  (Read 268 times)

Kundra

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The Dow has soared more than 700 points, the most since the beginning of the year. Alleviate Ukraine Crisis

The Dow Jones Index continues to rise. Most recently, it soared more than 700 points, the largest single-day gain since the beginning of 2022 as investors expect the crisis in Ukraine is nearing its end. After Russia signaled it was ready to negotiate with Ukraine.

As of 12:28 a.m. Thai time, the Dow Jones Industrial Average was 33,956.56, up 732.73, or 2.21%.

The CBOE Volatility Index (VIX), a gauge of investor anxiety on Wall Street, fell 9.07 percent to 27.57 after rising 14% yesterday.

The share price has risen in all segments today.

Kremlin spokesman Dmitry Peskov said Russia would send representatives to Minsk. which is the capital city of Belarus to negotiate with the Ukrainian authorities

Mr Peskov said The Russian representative will include officials from the Russian Ministry of Foreign Affairs and the Ministry of Defense.

Ukraine had previously said it was ready to declare it a neutral country, however, Peskov said Ukraine would have to disarm and not have an army. by being a demilitarized country to qualify for a neutral country

Russian President Vladimir Putin held a telephone conversation with Chinese President Xi Jinping today, Putin said. Russia is ready to hold high-level talks with Ukrainian authorities

Meanwhile, markets are keeping an eye on US Federal Reserve Chairman Jerome Powell, who will deliver his semiannual statement on monetary policy and economic conditions to Congress on March 2-3, in a possible show. The last public comment on monetary policy before the Fed starts raising interest rates at its March 15-16 meeting.

Powell will address the House Financial Services Committee on March 2 and the Senate Banking Committee on March 3. Both dates will begin. Up at 10:00 a.m. US time or 10 p.m. Thai time

The disclosure of US economic numbers today. The US Commerce Department said Orders for US durable goods, such as planes, cars and heavy machinery that are used for three years or more, rose 1.6 percent in January after a 1.2 percent gain in December.

Durable goods orders in January were boosted by aircraft orders.

Basic durable goods orders which is an order for capital goods excluding aircraft and weapons products Indicative of business spending plans, it jumped 0.9% in January after rising 0.4% in December.

The US Commerce Department said Basic personal consumption expenditure (PCE) price index, excluding food and energy It is a gauge of inflation that the US Federal Reserve (Fed) focuses on, rising 5.2 percent in January year on year. This is the largest increase since April 1983. and was higher than analysts' expectations of 5.1%.

The PCE Index is a measure of inflation that can detect changes in consumer behavior. And it covers a broader range of prices for goods and services than the Consumer Price Index (CPI) data from the US Department of Labor.

The University of Michigan survey indicated that The Consumer Confidence Index fell to 62.8 in February from 67.2 in January, but above the preliminary reading of 61.7.

Analysts had previously forecast the Confidence Index stood at 61.7 in February.

Sentiment indexes have been hit with rising inflation concerns. and the interest rate hike of the US Federal Reserve (Fed).

The US Consumer Confidence Index is a survey of 500 consumers' confidence in the economy, including personal finances, inflation, unemployment, interest rates. and government policies



 

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