Heading into today’s European trading session, the risk tone is cautious. Asia-Pacific indices are mixed, volatility measures are elevated and safe-havens mixed.
Leading Asia-Pacific indices to the downside is the Hang Seng at -5.61%, followed by the CSI 300 at -4.57% and the ASX 200 at -0.73%. The Nikkei 225 and Topix are positive on the session at +0.15% and +0.79%, respectively.
In the FX complex, it’s CAD leading to the downside as oil prices continue to tumble, with WTI now trading below $98 per barrel – down almost 5% since the start of the Asia-Pacific session.
In contrast to CAD and leading to the upside is EUR as hopes surrounding Ukraine/Russia peace talks continue to support the single currency. Consequently, EURUSD has continued its choppy grind higher to now reclaim the 1.10 handle, while EURJPY tests the 130.00 handle to the upside.
Looking ahead, today’s economic calendar is light on tier one data, keeping the market’s focus fixed on the ongoing peace talks between Ukraine and Russia. Other topics of note include monetary policy expectations ahead of this week’s FOMC meeting and China’s rise in coronavirus cases which is beginning to weigh on the commodity outlook.
Leading Asia-Pacific indices to the downside is the Hang Seng at -5.61%, followed by the CSI 300 at -4.57% and the ASX 200 at -0.73%. The Nikkei 225 and Topix are positive on the session at +0.15% and +0.79%, respectively.
In the FX complex, it’s CAD leading to the downside as oil prices continue to tumble, with WTI now trading below $98 per barrel – down almost 5% since the start of the Asia-Pacific session.
In contrast to CAD and leading to the upside is EUR as hopes surrounding Ukraine/Russia peace talks continue to support the single currency. Consequently, EURUSD has continued its choppy grind higher to now reclaim the 1.10 handle, while EURJPY tests the 130.00 handle to the upside.
Looking ahead, today’s economic calendar is light on tier one data, keeping the market’s focus fixed on the ongoing peace talks between Ukraine and Russia. Other topics of note include monetary policy expectations ahead of this week’s FOMC meeting and China’s rise in coronavirus cases which is beginning to weigh on the commodity outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.