Stock markets sank again, USD slipped & Yields slide from highs, Gold - asset of the day – . China cut mortgage rates lifting Asian markets. Lagarde: ECB has reasons NOT to act as quickly as the FED. Biden increased the rhetoric predicting Russia would "make a move". Johnson holds on in UK, for now.
USD (USDIndex 95.42) slips as Yields decline.
US Yields 10-yr spike at 1.90% & trades at 1.85%.
Equities - USA500 -44 (-0.97%) 4532 - USA500 FUTS holds up at 4544.
USOil – Spiked to $87.97 & fell to 84.00
Gold - charged to $1843 and holds $1838. $1830 is key.
Bitcoin back to test $42,400.
FX markets - EURUSD back to 1.1360, USDJPY now 114.40 & Cable back to 1.3625.
Overnight - AUD JOBS better than expected GERMAN PPI rocketed to 5.0%.
Today – EZ CPI, ECB Mins. US Claims, Philly Fed, Existing Home Sales. Earnings - American Airlines and Netflix.
Biggest FX Mover @ (07:30 GMT) AUDNZD (+0.51%) Rallied from 1.0600 to 1.0700,. MAs aligned higher, MACD signal line & histogram higher. RSI 63 & cooling.
