The markets continue to gyrate wildly amid numerous crosscurrents. Inflation jitters, CB tightening worries, supply, weakness in EGBs, and strength in risk appetite all weighed heavily on Treasuries. On other occasions, dip buying and geopolitical risks have supported bonds. Meanwhile, Wall Street rallied Tuesday on improving expectations on growth as covid restrictions are eased. USDIndex 95.60 steady in a 3-day pattern. USA30 & USA100 (+1%) recovered to 35700 & 14828 and USA500 was 0.84% in the green. GER40 and UK100 futures posting gains of 0.8%. Apple & Amazon closed higher. USOil extends declines to $87.40. Gold at 1825 after reaching $1829 - Haven buying on geopolitical risks, which has supported on and off, provided little offset.
Biggest FX Mover @ (07:30 GMT) USOIL (-0.56%) Retests 87.40 extending decline from 91.70. Fast MAs aligned lower, MACD signal line & histogram extend southwards below 0, RSI and Stochastic at OS barrier.
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