Risk Off mood cools, with stock markets mixed as USD, Commodities and Treasuries hold their bid. More Western companies pull investments from Russia, Visa & Mastercard block transactions, Monaco and London block more accounts. Oil futures rally, Gold holds up and Yields remain pressured. Overnight Asian markets moved higher. JPY Manu. PMI miss, CNY PMI beat & RBA keeps interest rates unchanged. Ukraine applies for EU membership as 65km convoy of Russian armour heads towards Kyiv.
Today – EU, UK & US PMIs, German CPI & Retail Sales, US ISM Manu. PMI & Construction Spending, Speeches from Fed's Bostic & Mester, ECB's Lagarde, BoE's Saunders & President Biden's State of the Union Address. Earnings Target, AMC, & Salesforce.
Biggest FX Mover @ (07:30 GMT) AUDJPY (+0.33%) The cooling of the risk off mood & RBA helped the pair recover a breach of 83.00 lower earlier to 83.75 now. MAs aligned higher, MACD signal line & histogram above 0 line, RSI 65.80 & rising (OB zone), H1 ATR 0.139, Daily ATR 0.9450.
