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Russia
- Russia seeks to control the flow of information to its citizens.
- Russia has blocked Facebook use in the country. Needless to say, the goal is to halt the flow of information to its citizens. Meta’s price is down $2.40, or 1.18 percent, to $200.57.
- With each passing day, it becomes clear that Putin is unconcerned.
- Amass 190,000 troops at the border , Warn of nuclear attack
- Invade and put own soldiers in danger.
- Sees currency fall 64 percent from Feb 16 low
- Has most of the world enacted economic sanctions
- Has sanctions imposed on oligarchy
- Send in a 40-mile convey
- Bomb civilians
- Deploy munitions at a nuclear power plant
- Take over a nuclear power plant
- Russian market ETF shares have fallen by 80% since February 16.
- Banning FB/Meta isn’t anything new, and it’s certainly not surprising.
- In Russia, all media outlets have been banned, and Twitter has been blocked.
- Russia banned Facebook earlier today. It also restricted access to the BBC and the Voice of America. Twitter has now been added to the list of prohibited websites.
- It’s a point to ponder what Putins’ objectives are; Take over all of Ukraine. Control over their agricultural market. Expect the country grab to continue over time.
- Squeeze oil and weaken Europe/US, resulting in a market crash;
- Squeeze agricultural supply and further destabilise global supply chain problems
- Cause global inflation to skyrocket;
- Prompt retaliation from NATO/the West and a full-fledged war; and
- Internally destabilise Europe and the United States.
- Destabilize/hack the internet, as well as critical infrastructure systems that rely on it
- The goals of the West:
- Squeeze the Russian economy, which leads to their own revolution;
- Have the revolution remove Putin;
- Return to normalcy with a new regime; and
- Impose safeguards to prevent this from happening again.
Americas FX
- Forex news for North American trading on March 4, 2022
- US major indices close lower on the day and for the week
- Russia now blocks Twitter WTI crude oil futures in the United States settled at $115.68.
- White House Economic Advisor: It is critical that we maintain a steady supply of global energy
- Bakers Hughes oil rig count drops from 519 to -3.
- Today’s European stock market closes sharply lower. The major indices had a terrible week as well.
- USDRUB makes a new high and approaches week highs.
- The EURCHF is tested for parity. Since January 2015, the price has not fallen below 1.0000.
- Ivey PMI for February is 60.6, up from 50.7 in January.
- Scholz, the German Chancellor, has spoken with Putin: Putin has been urged to put an end to the fighting.
- Evans of the Chicago Fed: For a long time, job numbers have been quite good. The labour market is stable.
- US February non-farm payrolls: 678K vs. 400K expected
- ForexLive European FX news roundup: The euro is collapsing, and risk is jittery ahead of the NFP. As the NA session begins, the NZD is the strongest currency, while the EUR is the weakest.
- The focus event for any jobs day is typically the US jobs day.
- Today, however, US traders were once again met with unsettling news from Ukraine.
- Overnight, Russian forces launched rockets at a Ukrainian nuclear power plant, and while the resulting fire did not result in a catastrophic nuclear radiation event, Russian forces did seize control of the facility, which provides 20% of Ukraine’s power, and is likely to be used in their ongoing takeover of the country.