Stock markets ended flat into close, with Ukraine jitters easing a tad. USD & JPY remained bid, Gold has hit an 8-month high and Oil holds at $93.00. 2yr-10yr Yields at their narrowest since Feb 2019 but have cooled overnight. No leaks from closed door FED meeting, Bullard reemphasized his 100bps by July. Asia stocks lower too. Ukraine had no response from Russia although Lavrov & Putin agreed to more diplomacy with the West. Scholz in Moscow today. UK Foreign Sec Truss "Invasion highly likely but not inevitable". Iron Ore futures slumped over 10% amid the continued crackdown on prices by China hitting AUD.
Today – EZ GDP, German ZEW, US Empire State Manu. PPI , German-Russian meeting, Earnings Glencore, Restaurant Brands, ViacomCBS.
Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.36%) From 84.00 highs on Thursday to 81.50 yesterday & back to 82.00 now. MAs aligned lower, MACD signal line & histogram remains below 0 line, RSI 43.50, H1 ATR 0.185 Daily ATR 0.878.
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