Epic rebound for the German index today but most likely a correction is inbound.
German economy is dependent on Russian energy but Angela Merkel was gone (she could had brought some logic before everything happened in Ukraine) whereas the new leaders in Germany are a bit 'too obedient' to what America demands.
NEWS:
Germany Is Stalling EU Efforts to Broaden Russia’s SWIFT Ban
Berlin and others also remain against measures on oil, ports
Stance risks creating split in response to Russia’s attacks.
Berlin is the leading power resisting efforts to add Sberbank PJSC to the list of Russian financial institutions cut off from SWIFT -- the bank messaging system behind much of global trade -- according to multiple diplomats familiar with the matter and documents seen by Bloomberg.
Sberbank, which holds about half of Russian retail deposits, was excluded from the initial list of banks being removed from SWIFT as part of a decision to shield energy-related transactions, but calls to strengthen penalties from member states in central and eastern Europe have grown as Russia intensifies attacks on Ukraine.
Documents show that Germany has repeatedly urged caution over the move during diplomatic meetings that have taken place in recent days, including among ministers. Chancellor Olaf Scholz has also come out publicly, calling for restraint on sanctions that could impact energy.
Anyways, I am a trader not a politician and no race is better than the orher. There is no black and white in politics, just a big all BACK! The color of Oil.
One Love,
the FXPROFESSOR
German economy is dependent on Russian energy but Angela Merkel was gone (she could had brought some logic before everything happened in Ukraine) whereas the new leaders in Germany are a bit 'too obedient' to what America demands.
NEWS:
Germany Is Stalling EU Efforts to Broaden Russia’s SWIFT Ban
Berlin and others also remain against measures on oil, ports
Stance risks creating split in response to Russia’s attacks.
Berlin is the leading power resisting efforts to add Sberbank PJSC to the list of Russian financial institutions cut off from SWIFT -- the bank messaging system behind much of global trade -- according to multiple diplomats familiar with the matter and documents seen by Bloomberg.
Sberbank, which holds about half of Russian retail deposits, was excluded from the initial list of banks being removed from SWIFT as part of a decision to shield energy-related transactions, but calls to strengthen penalties from member states in central and eastern Europe have grown as Russia intensifies attacks on Ukraine.
Documents show that Germany has repeatedly urged caution over the move during diplomatic meetings that have taken place in recent days, including among ministers. Chancellor Olaf Scholz has also come out publicly, calling for restraint on sanctions that could impact energy.
Anyways, I am a trader not a politician and no race is better than the orher. There is no black and white in politics, just a big all BACK! The color of Oil.
One Love,
the FXPROFESSOR
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📣 Professor's Public Telegram:
💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.