Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking News: Mobilization Declaration by President Putin Spooks Markets, Risk Off

Breaking News: Mobilization Declaration by President Putin Spooks Markets, Risk Off

Warren Venketas, Analyst


Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

Russian President Vladimir Putin announced on state media that the West is collectively trying to dismantle Russian sovereignty and Russia is not afraid to utilize its military power to combat these forces. In addition, President Putin has stated that the Russian forces in Ukraine will be replenished with 2 million more soldiers prompted by recent Ukrainian victories in certain regions.

What does this mean for financial markets? Safe-haven demand has already spiked if via spot gold (+0.3%), JPY (+0.07%) despite a stronger U.S. dollar and U.S. Treasury yields. If we expand the potential repercussions of an augmented invasion we may see further price appreciation through key Russian and Ukrainian export commodities, principally wheat, corn, seed oils, natural gas, iron ore, crude oil and coal (by extension). Looking at the current price action of the aforementioned assets, all of the above are tracking higher (at the time of writing).

Foundational Trading Knowledge

Commodities Trading

Recommended by Warren Venketas

Start Course

The EU Volatility Index is unsurprisingly finding some bids this morning and looks to be testing the 200-day SMA (grey). A break above this key area of resistance could be catalyzed by further deterioration within Ukraine or further threats to the West by President Putin.


Chart, histogram  Description automatically generated

Chart prepared by Warren Venketas, IG

All this comes during a key central bank themed week with the Federal Reserve (see economic calendar below) scheduled to announce its interest rate decision later this evening. Global central banks are looking to tackle inflationary pressures which have been surging mostly due to the energy crisis caused by the Russian invasion of Ukraine. The tightening of monetary policies have hurt consumers and with the threat of sustained strain on the energy and food market, this may continue for longer than expected and ultimately exacerbate recessionary fears.

Introduction to Technical Analysis

Trade the News

Recommended by Warren Venketas

Start Course


Graphical user interface, text, application, email  Description automatically generated

Source: DailyFX Economic Calendar

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.