Category: general

The post Ukraine offers to drop NATO bid as Trump envoy sees progress in peace talks Reuters appeared com. Ukraine’s President Volodymyr Zelenskiy offered to drop its long-held ambition of joining NATO as he held five hours of talks with US envoys in Berlin on Sunday to end the war with Russia, with talks expected to resume Monday, Reuters reported on Sunday. Trump’s envoy Steve Witkoff said “a lot of progress was made.” The move marks a major shift for Ukraine, which has fought to join NATO as a safeguard against Russian attacks and has such an aspiration included in its constitution. It also meets one of Russia’s war aims, although Kyiv has thus far refused to cede land to Moscow. Market reaction The Gold price (XAU/USD) is gaining 0. 16% on the day to trade at $4,306 at the press time. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities except Gold will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up especially major government Bonds Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX.