Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin's forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff. In the currency markets, Swiss Franc is paring some gains but remains the strongest one for the week. Euro is staying under tremendous pressure. Canadian Dollar is mixed, awaiting BoC rate hike. In other markets, Gold is dipping mildly after rally stalled at around 1950. WTI crude oil continues to march higher towards 115 handle. Technically, Sterling is not performing much better than Euro. GBP/CHF's fall from 1.2598 is accelerating towards 1.2134 support. Break there will resume larger down trend from 1.3070. That, if happens, could be accompanied by a break of 1.3158 low in GBP/USD and 148.94 support in GBP/JPY. In Europe, at the time of writing, FTSE is up 0.67%. DAX is up 0.11%. CAC is up 0.47%. Germany 10-year yield is up 0.0058 at -0.015. Earlier in Asia, Nikkei dropped -1.68%. Hong Kong HSI dropped -1.84%. China Shanghai SSE dropped -0.13%. Singapore Strait Times dropped -1.04%. Japan 10-year JGB yield dropped -0.0474 to 0.134. |