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Wall Street futures plunged amid re-escalating geopolitical tensions at the Ukraine border. Haven assets gained favor and crude oil prices surged. Asia-Pacific markets look set to open lower.

Bitcoin prices extend losses below $40,000. Developments in the Russia-Ukraine conflict remains a dominant catalyst for risk-sentiment.

Gold prices have remained resilient against the US Dollar as fears surrounding a probable invasion of the Ukraine by Russian troops remained elevated.

Euro longs pick up despite Russia-Ukraine conflcit, GBP flips to net long

Important events are scheduled this week for the South African rand including unemployment data and national Budget Speech; while USD/ZAR moves higher on geopolitics.

The UK services sector accelerated the most since June 2021 and could receive a further boost as the Prime Minister announces plans to scrap covid restrictions

Presidents Biden and Putting are set to meet this week to discuss the situation in Eastern Europe, taking the heat out of risk assets for the time being.

The Euro rose alongside US stock futures while gold, crude oil and the US Dollar fell as China weighed in against Russian military action in Ukraine. Fed rate hike bets…

Gold prices fell from the $1,900 mark as the US and Russian presidents agreed to join a summit to discuss the Ukraine crisis. Gold ETFs registered net inflows for two…

Palladium prices may get a boost from supply disruption worries as Russia-Ukraine tensions show little sign of de-escalation.