The markets had a roller coaster ride on Russia's invasion of Ukraine last week. At the time of writing, Kyiv remains in Ukrainian hands after three days of brutal attack by Russia. Wave of European leaders have start delivering supplies Ukraine while packages of sanctions were imposed, up to Russian President Vladmir Putin. It's also reported that cutting of Russia from SWIFT payment system would be taken in a matter of days. Global stocks took a strong U-turn after initial dive during the week. But risks will remain on the downside for the near term at least. Gold and oil prices spiked higher but quickly retreated. More upside is still in favor in both risk sentiment commodity. In the currency markets, Aussie and Kiwi ended as the strongest ones for the week, followed by Canadian. European majors were also hammed, with Sterling as the worst. Dollar and Yen just ended mixed. |