US National Security Advisor Jake Sullivan pushed back against the earlier report via PBS that the US believes Russia President Vladimir Putin had decided to order an invasion of Ukraine. He said the report "does not accurately capture" what US intelligence believes, saying that they don't think a final decision has been made yet, though such a decision may come soon. Sullivan added that Russia has all the forces it needs to pursue major military action against Ukraine.
Market Reaction
As Sullivan pushed back against the earlier report from PBS, the risk-off move did see a very minor, temporary reversal, though this was short-lived. The S&P 500, for example, is back again to session lows in the 4420s, now down some 1.7% on the day.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD looks offered below 1.1400 after US data
EUR/USD gives away some of Monday’s gains and hovers around the 1.1400 region on the back of renwed strength in the Greenback despite a lower-than-expected US JOLTS Job Openings and a dismal reading of the CB’s Consumer Confidence.
GBP/USD remains on the defensive near 1.3400
GBP/USD pulled back toward the 1.3400 mark on Tuesday after briefly touching a multi-year high near 1.3450 earlier in the session on the back of the renewed buying interest in the US Dollar, buoyed by market optimism over a potential de-escalation in the US-China trade standoff.
Gold meets decent support around $3,300
Gold trades markedly on the back footing on Tuesday, navigating the area just above the $3,300 mark per troy ounce as tensions between the US and China continued to sap demand for traditional safe-haven assets, weighing on appetite for the precious metal.
Bitcoin eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows
Bitcoin price is stabilizing around $95,000 at the time of writing on Tuesday, and a breakout suggests a rally toward $100,000. The institutional and corporate demand supports a bullish thesis, as US spot ETFs recorded an inflow of $591.29 million on Monday, continuing the trend since April 17.
May flashlight for the FOMC blackout period – Waiting for the fog to lift
We expect the FOMC will leave its target range for the federal funds rate unchanged at 4.25-4.50% at its upcoming meeting on May 6-7, a view widely shared by financial markets and economists. Market pricing currently implies only a 9% probability of the FOMC cutting the fed funds rate by 25 bps.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.