Temporary Convenience

European stock markets rose sharply on Tuesday following a new joint venture agreement to finance major projects.

Following Russia’s invasion of Ukraine, joint venture sales were to be spent on energy and defense throughout the European Union. Europe has long been criticized for its dependence on Russia’s oil and gas, and for failing to hit 2 percent of NATO’s defense budget, and the invasion has prompted long-term changes.

While short-term solutions may focus on increasing supply, there may be significant acceleration in the long run toward green energy. The size and structure of the package can be described in the coming days, which shows the seriousness of the EU’s transition from Russia in light of recent events.

Unfortunately, these reports only bring temporary relief to the markets of the fair, one day after entering the bear market territory. Russia’s invasion of Ukraine remains uncertain and commodity markets continue to see some unusual repercussions.

The turmoil caused by the invasion has intensified and the worst is yet to come as traders desperately try to assess the potential supply of various products. LMI was forced to halt the nickel trade earlier, costing more than double the $ 100,000 per metric ton, the mother of all short presses. More market turmoil could easily follow.

Oil is high when the US imposes a Russian embargo on Russia.

There are many things per minute that contribute to the volatility and uncertainty we see in the oil market. It is such a headline-grabbing market today and it certainly does not matter today. US President Joe Biden is reportedly preparing to impose a one-sided ban on Russian oil, LNG and coal as part of recent measures to hold the country accountable for its invasion of Ukraine.

That “one-sided” aspect is the most important aspect of the market, which is why oil prices are 5-6% higher today than 15-20% today. It is still a bold move by the US, even though Russia has relatively small imports. Another step is to turn the West’s attention to Russia and isolate it from the rest of the world. European action may be slow but debt consolidation is the first step towards the same thing.

At the same time, the IAA warned that 60 million barrels of integrated reserve stock was the first response last week and represented 4% of IEA member stores. The team is expected to go further to lower the price, and we hope that future efforts will be more successful.

Of course, this is easier said than done, given the war in Ukraine and the imposition of sanctions on Russia. There was a very subtle excavation in Saudi Arabia and the United Arab Emirates, both of which refused to use surplus power to alleviate supply problems and instead stuck with their OPEC + partners.

At the highest possible level, a strong bull’s grip for gold is rare.

Today we may see a temporary recovery in food insecurity but this is not measured by gold demand, it is a fear of rising commodity prices and economic downturn. Yellow metal cost more than $ 2,000 to trade for 2% of the day and does not appear to be declining.

The record high is not so far away and it is hard to imagine that interest will not remain strong. We are currently experiencing a high level of volatility and uncertainty, so there is no such thing as a strong bull in a culturally safe place.

Bitcoin is once again facing a major storm.

Bitcoin is recovering from an acute appetite, up to 3% per day. Following the invasion and the escalation of Russian sanctions, the aftermath of the adoption was a breakthrough in the aftermath of widespread food insecurity.

If we look at further evidence of an increase in adoption, there is still a limit to the amount of support available, but the risk adjustment may now be a windfall. It is difficult to imagine a significant resurgence in the face of horrific events in Ukraine and growing sanctions.


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