Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of helping Russia of easing the impact of sanction. The upbeat Chinese data are generally ignored. Oil price and Gold are both extending near term pull back. In the currency markets, Yen's decline continue, as driven by extended rally in global benchmark yields. But selloff in Aussie and Kiwi is even more severe, as dragged down by China. Euro is recovering together with Sterling. Dollar is mixed for now, awaiting the guidance from FOMC later in the week. Technically, EUR/CHF is extending the rebound from 0.9970. The break of 1.0298 support turned resistance now suggest that a medium term bottom is probably in place after defending parity. That's an important sign of stabilization in Euro. Attention will be in particularly to 1.1120 resistance in EUR/USD. Break will further confirm the war triggered selloff is fully over. In Asia, at the time of writing, Nikkei is up 0.32%. Hong Kong HSI is down -2.99%. China Shanghai SSE is down -2.18%. Singapore Strait Times is up 0.64%. Japan 10-year JGB yield is up 0.0145 at 0.210. Overnight DOW rose 0.00%. S&P 500 dropped -0.74%. NASDAQ dropped -2.04%. 10-year yield rose strongly by 0.136 to 2.140. | 