Russia-Ukraine crisis: An analysis of oil, gold and Bitcoin

After the start of a week full of stress following the massive Western sanctions on Russia, the situation has changed almost completely with the latest news of the Russian-Ukrainian conflict helping to lift the mood of the market again. First there was the news that Ukraine will not continue the pressure to apply to join NATO, which gave hope that the conflict is starting to move on a better path, then this was followed by an official statement from Ukraine that they were ready for a more diplomatic solution. This clearly revived investor appetite, and risk on sentiment returned.

This caused instruments badly affected by geo-political issues to go back through the retracement process. USOIL, which had recorded its highest price since 2008 at $126, declined again and is now trading at $114. The next target is $108.50 if conditions continue to recover. Meanwhile, UKOIL also depreciated after hitting a record high of $131; it is now trading at $115. The next target is at the 200-period SMA (H1) level at $110 if the Bears remain in control of the market. This is clearly providing relief to investors who fear the continued rise in oil prices will put pressure on world inflation and in turn stunt post-Covid-19 economic growth.

The same situation can also be seen in the instrument XAUUSD, better known as Gold. After Gold hit a $2070 high on Tuesday, slightly lower than its 2020 high of $2075, it slipped back as low as $1975 on Wednesday and is now up slightly trading at the psychological level of $2000. This leaves room for a lower decline to around $1950 if the Russia-Ukraine situation continues to recover and calm down. If things get tense again, it’s likely $2075 will be tested and broken.

In addition, the key crypto instrument BTCUSD recorded a positive recovery after reaching the March low of $37,107 on March 7. BTC rebounded and is now trading above the $42,000 level with the psychological level of $45,000 becoming the center of attention. This was backed up by an inadvertently published Statement (published on Tuesday night), citing that US Treasury Secretary Janet Yellen revealed that President Joe Biden will issue executive directives to take a constructive approach in regulating the digital assets industry. Yellen also quoted that “Under the executive order, the Treasury will work with inter-agency colleagues to produce reports on the future of money and payment systems.”. This directly helped increase investor confidence and demand in cryptocurrencies.

There are still two days left before the trading week ends on Friday, with a thousand and one possibilities that could happen in the market continuing to provide volatility and an interesting dimension to trading this week. It should be noted that the ECB will report the outcome of its monetary policy meeting on today.

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.