Stocks have collapsed as Treasuries rally and a major rally in Oil & Gold as President Putin recognizes the breakaway regions of Ukraine and orders troops into the country. The West prepares more sanctions, USD & JPY bid. NZD also holds ahead of RBNZ. Gold tested $1914, Oil rallied up 3.4%. 10-yr Yields fell to 1.858. Asian markets sank (Hang Seng worst performer -3.2%). VIX futures trade -5.7%, EuroStoxx FUTS -3.44%.
Today – German Ifo, US Flash PMIs, Speeches from Fed's Bostic and BoE's Ramsden, Earnings HSBC (beta), Home Depot.
Biggest FX Mover @ (07:30 GMT) NZDCHF (+0.27%) Rallied from lows of 0.6120 earlier, popped to 0.6155 and trades at 0.6140 now. MAs now aligned lower, MACD signal line & histogram significantly below 0 line, RSI 43.25 & falling, OB zone, H1 ATR 0.00010, Daily ATR 0.0048.
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