 Global stocks continue to rebound today. The West's refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue to take a back seat, and even another surge in US inflation doesn't move markets. As for currencies, Aussie is currently the strongest for the week, followed by Kiwi. Sterling and Euro are the worst performing ones. Technically, EUR/GBP's break of 0.8381 minor resistance argues that pull back from 0.8476 might have completed at 0.8304. The tide between Euro and Sterling could be turning for the near term, as EUR/GBP could now try to head back to 0.8476 resistance level. In Europe, at the time of writing, FTSE is up 2.95%. DAX is up 2.83%. CAC is up 2.90%. Germany 10-year yield is up 0.051 at 0.223. Earlier in Asia, Nikkei rose 1.95%. Hong Kong HSI dropped -0.59%. China Shanghai SSE rose 0.63%. Singapore Strait Times rose 0.56%. Japan 10-year yield rose 0.0212 to 0.208. | 
