On Monday, the United States and Russia voted against a European-backed resolution at the United Nations General Assembly that condemned Moscow’s “full-scale invasion” three years ago. Later, the two sides reached their first agreement at the Security Council since the war began, approving an American resolution calling for a “swift end” to the conflict without assigning blame, which is in stark contrast to President Joe Biden’s policy.
Insiders disclosed that due to the US opposition to the G7 using the same wording to condemn Moscow as before on the anniversary of World War II, it is also difficult for the G7 to issue a joint statement.
Meanwhile, on Monday, Trump seemed to accelerate his plan to end the war without consulting European countries or Ukraine. He said on social media that he was having “serious discussions” with Russian President Vladimir Putin. He also said at the White House that Ukrainian President Volodymyr Zelensky might come to Washington as early as this week to sign a natural resources agreement. Trump suggested that this was a necessary step to end the war and repay US support.
The public debate at the United Nations and the private discussions among the G7 have highlighted a marked shift in the US policy towards the most serious conflict in Europe since World War II. The Trump administration has further alienated its European allies, shocking them by seemingly getting closer to Moscow. The White House has shown greater alignment with the policies pursued by Putin, including blocking Ukraine’s accession to NATO and maintaining the territories occupied during the war.
When asked to explain the reason for the US vote in favor of the UN resolution, Trump said at the White House, “I don’t want to explain it now, but it seems self-evident.” He also said that he wanted to discuss a separate resource agreement with Russia and expressed support for the deployment of a European peacekeeping force in Ukraine as part of an agreement to end the war.
Influenced by the agreement reached between the US and Russia, the US dollar rebounded strongly from the 106 mark overnight to around 106.80, while the euro/dollar dropped from 1.0530 to around 1.0450. Due to the strengthening of the US dollar, US stocks, BTC and other non-US currencies all fell overnight, but crude oil rose against the trend.
Technical analysis:
Gold: Yesterday, we clearly reminded in the article and also provided in the plugin that a buy order should be placed in the green demand zone near 2930. After the price dropped to the lowest point of 2930.60 overnight, it strongly rebounded to around 2955. Today, it is expected that the price will remain in a high range-bound pattern. Therefore, as long as the support near 2930 holds, you can try to place a buy limit order again. For detailed positions, please consult the plugin.
(15-minute Gold Chart)
If you want to experience the same plugin as shown in the chart, please contact V: Hana-fgfg.
Nasdaq: Yesterday, we were expecting the price to break through 21,805 strongly and then execute a buy stop operation. Unfortunately, the price did not complete an effective breakthrough but instead dropped to the 21,400/500 range. Currently, the price’s downward trend has slowed down and it is showing a consolidation pattern, but the bullish signals are not obvious. Today, we suggest waiting for the price to break upward and then look for a new demand zone to buy. For detailed positions, please consult the plugin.
(15-minute Nasdaq Index chart)
If you want to experience the same plugin as shown in the chart, please contact V: Hana-fgfg.
Crude oil: Yesterday, we clearly stated in the article and the plugin that after the price breaks through and stabilizes above 70.50/60, we should start to take long positions. We also used the blue momentum breakthrough in the plugin to remind. Today, we will continue to focus on the long signals of crude oil mainly. For detailed positions, please consult the plugin.
(Crude Oil 15-Minute Chart)
If you want to experience the same plug-in as shown in the picture, please contact V: Hana-fgfg.
Today’s key financial data and events to focus on:
15:00 Germany’s fourth-quarter unadjusted GDP revised value
19:00 UK CBI Retail Sales Forecast Index for February
21:00 ECB Executive Board Member Isabel Schnabel is scheduled to speak.
23:00 US Conference Board Consumer Confidence Index for February
