While the world is watching US stocks and breathing a sigh of relief that they are not crashing (yet) today, there are some significant moves afoot in other critical markets. USDJPY has broken below 102 continuing its slide (JPY strength) on the heels of the BoJ's disappointing lack of additional money-printing. Perhaps even more critically is the surge in prices of oil (Brent and WTI) as news break of tanks rolling once again in Eastern Ukraine. A glance at the charts below and one can't help but wonder how long stocks can hold these gains today...
Brent and WTI surge after this...
- UKRAINE TANKS HEADING TOWARDS CITY OF LUGANSK, LIFE NEWS SAYS
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Stock remain on their own compared t FX carry....
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and Bonds...
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