Dead Cat Bounce All Over The Place? Markets rebounded in some highly dumped instruments after the Asia session’s sharp declines, some little progress was made in the Ukraine crisis, Ukrainian negotiator says talks with Russia is now started. The threat of a crisis is heightened by the imposition of new sanctions, which include those affecting Russian energy.
US 10Y yield bounce back to around 1.8% showing there’s a progress on risk. Nasdaq, SP500, Dow, EUR, GBP, BTC also showing strong correction while at the same time oil, gold, AUD, JPY, CHF showing some weakness.
The 3rd round of negotiation which both party already confirmed will take some hours. This will determine are this rebound is potential reversal or just another dead cat bounce.
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