Stock markets rallied into close (1.5%-2.5%) on news of withdrawal of some Russian troops from close to the Ukrainian border. USD & JPY cool, Gold cooled too from 8-mth highs, Oil dipped to $90.00. 2yr-10yr Yields widened but both remain elevated as it becomes clear that the situation in the Ukraine is far from resolved. Asian markets rallied (Nikkei +2.2%) but have cooled into close. Biden - "Human cost of Russia attack would be immense".
Today – CAD CPI; EZ Industrial Production, US Retail Sales, FOMC Minutes; Earnings Heineken, Carrefour, Barrick Gold, Garmin, Shopify, NVIDIA.
Biggest FX Mover @ (07:30 GMT) AUDJPY (+0.33%) The key Risk sensitive pair recovers from 81.50 lows Monday back to 83.00 now. MAs aligned higher, MACD signal line & histogram significantly above 0 line, RSI 66.25 & rising, H1 ATR 0.115, Daily ATR 0.818.
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