Overall, the markets seem to have stabilized from the shocking invasion of Ukraine by Russia, for now at least. US stock markets staged a late and strong turnaround overnight while Asian markets also recovered. Gold is back pressing 1900 handle while WTI oil is trading around 96, after breaching 100 briefly. In the currency markets, Dollar turned softer with Swiss Franc while Aussie is up with Sterling today. Technically, attention will be paid on Euro and Sterling for today. As long as 1.1287 minor resistance in EUR/USD and 1.3485 minor resistance in GBP/USD hold, risk stay on the downside for further fall. Similarly, as long as 130.03 minor resistance in EUR/JPY and 155.48 minor resistance in GBP/JPY hold, further declines are in favor. We'll see what's next. In Asia, at the time of writing, Nikkei is up 1.88%. Hong Kong HSI is down -0.11%. China Shanghai SSE is up 0.71%. Singapore Strait Times is up 0.90%. Japan 10-year JGB yield is up 0.021 at 0.208. Overnight, DOW rose 0.28%. S&P 500 rose 1.50%. NASDAQ rose 3.34%. 10-year yield dropped -0.008 to 1.969. |
