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How to Choose the Best Forex Pairs for Trading  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #581: How to Choose the Best Forex Pairs for Trading In this video: 00:22 – Forex pairs – what to choose? 01:37 – The best pair to trade is …….. 02:00 – Assessing Strength and Weakness. 03:13 – Fine tuning to pick the best setup available. 04:25 - 17 minutes Masterclass. 04:33 – Blueberry Markets as a Forex Broker offering a 50% credit bonus. 05:05 – Book a Call and speak with us. As a forex trader, what are the best forex pairs that you can look at trading? Let's talk about that a more. Right now. Hey traders, Andrew here at The Forex Trading Coach with video and podcast number 581. Forex pairs – what to choose? What to talk about forex pairs as a trader you have a lot of pairs available and a lot of people, especially when they start. I get very confused with the different currency pairs. You standard main pairs you get you exotics, you get your minors, and more and more pairs now are available to us as traders. So really the question is what is the best pair to trade? Well, a lot of people think you need to trade just the euro US dollar or just the US yen because their spreads are tight. And in the case of the EUR/USD, it tends to have the most movement or not some movement, but the most volume traded on it, per day in general. And then other people look at pairs like the GBP/JPY because it moves a lot and they think they need to trade that. And then people look at pairs like the EUR/CHF, which doesn't move a lot, and they think they can't trade it. So that becomes a lot of confusion out there. Do you need, like the most liquid pair, the tighter spread. Do you need one that moves a lot? Do you need one that doesn't move at all? The best pair to trade is …….. And so my answer is it depends. And I know I say that to a few things because it's true. I don't just trade the NZD/USD or against the JPY because I live in New Zealand. You shouldn't do that either. You shouldn't have an emotional tie to a currency pair. What you should do is look through all the currency pairs. And the reason I say that there's a few reasons. Assessing Strength and Weakness.  Number one, you can assess strength and weakness very well. If you do that. As an example, rather than just looking at the EUR/USD, why don't you look at also the EUR/JPY, the EUR/GBP, the EUR/AUD, EUR/NZD, EUR/CAD and make a full assessment. So if for example you can do that and you see let's say all of those pairs were moving up, that's going to give you a fairly good indication that the Euro is very, very strong. But if you didn't do that and you looked at just the EUR/USD and is moving up, you don't know whether the strength in the Euro or whether that movement of the EUR/USD heading up is, is just because the US is extremely weak right now. So you might be taking a by trade on the EUR/USD thinking the strength in the Euro, whereas it may just be the US weakness that's pushing it up. And the Euro against other pairs may actually be dropping. So you're not doing yourself any favors there. So to assess multiple currency pairs is going to be your best option. Fine tuning to pick the best setup available. The other thing that gives you is let's say you see really good buy trades on the EUR/USD, the EUR/CAD, the EUR/AUD, the EUR/NZD, the EUR/CHF. Let's say they're all showing some fairly good setups at the same time. And by the way, I only trade on the close of a candle. Let's say you see that what you really then should do is fine tune those setups and maybe pick 1 or 2 of the very best ones setups that give you a high probability chance of a success for trade setups that have round numbers in their favor. On a buy trade that doesn't need to break a previous swing hig...

Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #571: Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader In this video: 00:30– Analysing Currency Strength & Weakness. 00:54 – A real trading example using the Japanese Yen. 03:00 – Refining the pairs you trade further. 03:50 – We analyse and post the Daily Strength & Weaknesses. 05:16 – Looking at the Weekly charts at the start of each trading week. 06:10 – Learn how to analyse the strength & weaknesses for yourself. 06:25 - Book a Call and talk with us. 06:40 – Blueberry Markets as a Forex Broker. 07:10 – Comments, Like & Subscribe. I'm going to talk about the importance of trading with strength and weakness in your favor. It's going to give you a massively improved trading performance. Let's talk about that and more right now. Hi there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 571. Analysing Currency Strength & Weakness. Today is all about analyzing currency, strength and weakness. Why we do it, how we do it, and how it can massively help increase your overall trading performance. So you think about it in terms of basics. Well, if you're trading something that strong against something as weak. Logic would suggest, it has to add more probability to the trade. A real trading example using the Japanese Yen. Here's a classic example. Let's say the Japanese yen was very weak across the board. And you're looking at a chart, let's say it's the daily chart and you're looking at the JPY it's going up. You're looking at EUR/JPY, it's going up. The USD/JPY, the CHF/JPY, the AUD/JPY and NZD/JPY, USD/JPY, SGD/JPY, HKD/JPY, whatever it is that you have on your charts, everything against the yen is going up. So therefore there's massive yen weakness at this point in time. Now you're probably unlikely to go and take all of those trades even if they were suitable candle patterns, even if they had some round numbers to protect, stop losses and they had room to hit that profit target. So all the things that we look for, you're unlikely to go and say take ¥8, ¥9, ¥10 related pairs. So what you're prepared to do is analyze strength and weakness. Now, we clearly know that right now in our example, the yen is the weakest currency. But what happens if, say, the Australian dollar, the New Zealand dollar and the Canadian dollar were all fairly weak against everything else apart from the yen? So those are the commodity currencies and they tend to move together. So let's say you're looking at the AUD/USD, it was heading down, the AUD/GBP was open, Aussie is heading up. So there's Aussie weakness. You're looking at NZD/USD, it's heading down against the franc is heading down. There's a lot of weakness overall in the New Zealand, the Aussie and the Canadian. So that is telling us that maybe with our strength and weakness analysis that maybe that the AUD/JPY, the NZD/JPY and the CAD/JPY are probably not going to be your high probability trades on those daily charts that we talked about. Refining the pairs you trade further.   You could also go as far as saying, well, let's have a look at, let's say the EUR/JPY and the GBP/JPY. Also looking good. You could go as far as say, let's have a look at the EUR/GBP and let's say the EUR/GBP was heading down massively big red bearish candle on the EUR/GBP. That again tells us that the euro's got weakness and the pound's, got strength. So now when we go to the GBP/JPY, we're now trading a very strong currency with a very weak one. And therefore you may not want to take the EUR/JPY as well. So you might only be taking, let's say the GBP/JPYH, the USD/JPY, you might see the SGD/JPY, all the HKD/JPY yen or the CHF/JPY also good.

What Markets Does Our Trading Strategy Work On?  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #551: What Markets Does Our Trading Strategy Work On? In this video: 00:23 – We trade the Forex market, plus many others. 01:06 – Our trading strategy also works on Crypto's, Metals, Commodities and Indices. 02:24 – Reversals and Continuations. 02:58 – Market opening times vary. 04:04 – Join my Masterclass and Book a Call. 04:48 – Blueberry Markets as a Forex Broker. 05:22 – Comments, Like & Subscribe. What markets can you trade using my forex trading strategy? Let's talk about that a more right now Hey there, Traders! Andrew Mitchem here at the Forex Tading Coach with video on podcast number 551. We trade the Forex market, plus many others. So we call ourselves the Forex Trading Coach and obviously we trade the forex market. But over more recent years we have now the option to trade many more markets. Now go back to when we started. We could only trade forex pairs and then things develop like gold and silver and then a lot of brokers introduce more markets like some of the exotic pairs and the minor pairs like Singapore dollar pairs and Norwegian krona, Swedish krona pairs like that. Our trading strategy also works on Crypto's, Metals, Commodities and Indices. And then over the last number of years you'd have noticed a lot more brokers are offering other markets, such as like cryptos, which seemingly everybody wants to trade and metals and commodities and indices. And the fantastic news is, is that trading strategy that I developed getting close on about 17 or 18 years ago still works today on the forex markets plus the new pairs. But also we can trade other markets such as the cryptos, the metals, commodities indices with exactly the same consistency. And when you think about it, the reason is because our strategy is price action based using candle pattern support and resistance. And it doesn't matter whether you're trading copper or Bitcoin or a Canadian index or the Japanese index or FTSE or oil or the NOK/JPY, it doesn't really matter so much exactly what it is you're trading and the beauty of it is, is by offering these other markets now is it if the forex market should have just a bit of a quiet day or so, it doesn't matter because we have access to all these other markets. So it just allows us to scan through different charts, not really worrying too much what the actual chart specifically is. We are looking for a candle pattern and a pattern that we teach our students that has high probability chance of success. Reversals and Continuations.   Now we look for reversals and continuations and go and have a look at a market such as copper or Bitcoin or Ethereum. They also have reversals and continuations. They have candle patterns, they bounce at support and resistance levels and round numbers, they have divergence. So for me as a trader, I don't need to trade just the EUR/USD because it's the most traded or the NZD/USD. Because I live in New Zealand, it does not matter. So the beauty of it is, is that we can trade these other markets quite consistently. Market opening times vary. Now the important thing to notice also is that some of those markets, first of all, they don't all have 24 hour operating markets. Now cryptos do, of course, seven days a week, but other markets don't. Some will open at 6 p.m. New York Times, such as gold and silver and others will open a little bit later, like some of the oils and some of their like the US indices don't open into the US time. So you have to be mindful of some gaps which can occur on some of those markets. But also you just need to be mindful of spreads and the amount of movement that they have. So for me personally,

View my Monthly & Weekly Chart Trades Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #544: View my Monthly & Weekly Chart Trades In this video: 00:33 – Great feedback about our latest videos. 00:58 – A look at my MN1 and W1 chart trades. 05:00 – GER40 Index trade.   07:23 – Trade through Blueberry Markets. 07:46 – Attend my Masterclass, Prop Firm webinar and book a call with us.     08:40 – Email me directly, like, share and subscribe. In this week's video and podcast, I'm going to share with you two trades that I've taken, one on the monthly chart, one on the weekly chart. One's a reversal, one's a continuation, one's a forex trade, one's a non forex market. Let's get into that and share those trades right now. Hey there, traders! It's Andrew Mitchem here at the Forex Trading Coach for video and podcast number 544. Great feedback about our latest videos. Loving the feedback that we're getting regarding the changes that we've made here and by showing you trades and just helping people to understand what the market's doing and to understand how we trade here in Forex Trading Coach don't forget we always promote very low risk per trade high reward to risk and the strategy works across all timeframe, charts and all different markets. A look at my MN1 and W1 chart trades. Now today's a great example of that. I'm going to run through two trades for you, the NZD/USD on a monthly chart and the German 40 index on a weekly chart. So let's jump straight onto the charts here and you can see the two trades on the cover, the first one here is a monthly chart trade that's just hit the profit target this week. This is the NZD/USD Monthly chart. So going back here, this is the monthly chart. So this is the candle here that closed in February for the January candle sets January of 2024. And we decided to take the trade heading into the first February when the January candle closed. And you can see in here my trade was not actually filled until the 20th because I take limit orders. So I'm looking to take a sell trade after this candle has closed, but I'm only looking at taking the sell trade If the price first retrace is now, I don't need to be sitting there waiting for 20 days for the price to retrace. On the 1st of February, I put my orders in. If within the first candle in this case, the one month the price retrace is to my entry level. Fantastic and then takes me on a sell limit looking for the price to then fall. Now you can see in here that the market opened on this candle at 0.6110 and my entry level was 0.6162, so some 52 pips higher. And you can see that the price pull back up here got me filled as my entry level and the stop loss was fine. It remained in the market and then the price fell away. By the end of February we were into some good profit. You can see the advantage of entering back up here using limit orders. By the close of the month we were already up 92 pips roughly. And then what happened going into the month of March? The price then came back up, tested that same level. Notice how it stopped at the same level. We're still safe. And by the completion of March, we then ended up being around about 188 pips up and then the profit target was hit down here on the 15th of March, 15th of April, just a few days ago at 0.5905. So a few things to notice there. One were at before the right number of 0.5900, but also using the way that we trade with our entry and exit levels, we had a great profit target. Now if you look at rough numbers, looking at the without calculating these exact but there's roughly our entry level, our stop loss was at 0.6222, which is in a roundabout here and that was 60 pips, 65 pips and our profit target was in 0.5, which was then in around about there, 257 pips.

Should You Trade Only the Major Forex Pairs?  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch The5ers webinar #536: Should You Trade Only the Major Forex Pairs? In this video: 00:32 – Should I trade just the Major FX pairs? 01:34 – Don't limit your options. 03:08 – Trades on Minor and Exotic pairs this week. 04:00 – Be careful with Sell trades and widening spreads. 05:10 – Attend my Masterclass and book a call with us. 05:22 – Webinar with The5ers. 05:38 – Blueberry Markets.        Is it best to trade the major forex pairs only, or is it best to trade the exotic pest? It's a question that I get asked quite often, and this week I've got some great examples of why I trade both. Let's get into it a more right now. Hey there, Forex Traders! This is Andrew Mitchem here. The Forex Trading Coach with video and podcast number 536. Should I trade just the Major FX pairs? So as more and more platforms and more brokers offer more currency pairs, the question becomes, should I just focus on the major currency pairs? And there are obvious advantages to that. Pretty much the main ones would be spreads are generally tighter, you generally find the gaps and you generally find there's more people trading it. So the volume, liquidity, etc. is better. Therefore the moves are generally more flowing, more consistent. It also means, if you like, trading the shorter time frame charts that you or like trading quite often with frequency, you'll find that you'll find the spreads been so much tighter means that you can take trades on shorter time frames and more often and you're not paying, you know, massive spreads in the big movements just to get to break even. So there are certainly some advantages to trading just the major pairs. Don't limit your options. Now, some of the disadvantages would be this one, it completely limit your options. So to me as a trader who's looking for sudden like couple of patterns, why limit your options? It's like, why limit the markets? This week I've taken trades on the Nasdaq and the S&P and we've taken trades on the JPN225 So why limit to just, you know, the forex pairs? That's my thought. If the system the strategy worked on other markets as well. Last week you'd have heard me talking about a corn trade that I took, you know, which quite often take metal trades. We take crypto trade. So I don't think you should limit yourself if you find that your strategy worked on those other markets. Likewise, the downside were trading and focusing just purely on the main major forex pairs is that you tend to find they pretty much get dominated by the US dollar. So for instance the EUR/USD, GBP/USD, AUD/USD, the NZD/USD, USD/JPY, the USD/CHF and you know the old US dominant. And of course there are other, you know, sort of major pairs as well, but you tend to find that the US and you know and the yen kind of dominate those major pairs and you can find that from time to time there will be some quite dull price action. And we've already seen that for parts of this year. So far we've you seeing some quite dull price action on some of the major pairs. Trades on Minor and Exotic pairs this week. So moving on to the exotics and the minor pairs, just this week I've taken trades on the NZD/CAD, the NZD/SGD, the USD/ZAR, the SGD/JPY and the CHF/SGD. So I've taken profitable trades on those. Now my prop firm account you'd have heard me mention last week was, you know, continuing to go well this week. So far we've still got all of one or Friday still to go. I'm at 1.9% with 0.25% risk trade. So for me, if you can average that sort of one and a half to two and a half percent per week on a prop firm with incredibly low drawdown, you only need a few weeks and you passed your next firm challenge. So for me,

APAC stocks were subdued for most of the session before edging higher in holiday-quietened conditions owing to market closures in the US and Japan.DXY marginally softened, EUR/USD nursed the prior day's losses, and Antipodeans were firmer with NZD/USD the outperformer.Israel's military said they do not know when the ceasefire will take effect; Iran's Foreign Minister said if the truce between Hamas and Israel does not continue, the war will spread.German Federal government decided to discontinue the programme for inflation-linked bonds with no further inflation-linked Federal securities to be issued from 2024Looking ahead, highlights include French, German, EZ & UK PMI (Flash), Japanese CPI, Riksbank, SARB & CBRT Policy Announcements, ECB Minutes & Banxico Minutes, Speeches from Riksbank Thedeen, ECB's Schnabel & Cipollone, US Thanksgiving Holiday.The Newsquawk desk will operate a normal service on Thursday 23rd November until 18:00GMT/13:00EST, upon which the desk will close and then re-open later at 22:00GMT/17:00EST for the beginning of the Asia-Pacific session.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Destacados de hoy: Hang Seng se desploma al caer -6.36% luego de conocer el resultado de las elecciones en China. Yen Japonés se encuentra expuesto a una altísima volatilidad tras intervenciones. USD/JPY cotiza bordeando los 149. AUD/USD y NZD/USD caen -1.30% tras incertidumbre en China, el principal socio comercial de estas economías. https://inversionesytrading.com/principal/hang-seng-china-yen-boj/ Redes y Contacto Oficiales con Inversiones y Trading

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

Wave analysis works by helping you see a pattern where others only see squiggles on a chart. But to accurately count Elliott waves, you must follow Elliott wave rules. Watch our Currency and Crypto Pro Service contributor Jason Soni walk you through charts of the Mexican Peso and New Zealand dollar to show how he does it.

European bourses began the session lackluster before seeing a marginal pick up amid broader risk-on moves as Ukraine's Zelensky spoke.However, this upside was fleeting with bourses and US futures now softer, ES -0.30%, amid reports of EU sanctions touching on energy (via coal)DXY remains bid but capped just above 99.00 while AUD outperforms amid RBA implying meetings are liveBunds have retreated markedly from initial best levels and after Monday's upside, OATs underperform as polls imply a tighter Macron-Le Pen raceWTI and Brent reside towards the top-end of another relatively modest range at this point in the session, awaiting further Ukraine-Russia updates.Looking ahead, highlights include US Composite/Services Final PMIs, US ISM Services PMI, Fed's Williams, Brainard, Kashkari & George.As of 11:10BST/06:10ETLOOKING AHEADUS Composite/Services Final PMIs, US ISM Services PMI, Fed's Williams, Brainard, Kashkari & George.Click here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said he will address the UN Security Council on Tuesday.Ukraine President Zelensky has endorsed a delegation to partake in negotiations with Russia re. coordinating/preparing a draft treaty on Ukraine security guarantees, via Ifx.Ukraine President says the possibility of holding discussions with Russia is 'very challenging', but he has no other option, via Reuters citing Ukrainian TV.DEFENCE/MILITARYThe US successfully tested a hypersonic missile in mid-March but kept it quiet for two weeks to avoid further tensions with Russia ahead of President Biden's trip to Europe, according to CNN sources.Russia's deputy envoy to UN Polyanskiy said AUKUS Provokes new round of arms race, Russia urges US to abandon plans to deploy ground-based missiles in APR, "rejects" possibility of using nuclear weapons in Ukraine, via Sputnik.ENERGY/ECONOMIC SANCTIONS & UPDATESUS Treasury will not allow any Dollar-debt payments to be made from Russian government accounts at US financial institutions, according to a spokesperson.EU's Dombrovskis said oil and coal sanctions are also an option for new EU measures against Russia, via Reuters.Big EU sanctions package against Russia is coming; first tranche will touch on energy (EU coal ban from Russia), if approved, via WSJ's Norman. New bans on export of machinery worth EUR 10bln to Russia, new oligarch hits and family members of Russians, cap on potash imports and finally the transport road freight and vessel restrictions. Will need backing of EU27, which WSJ reporter says may not be easy.OTHERNorth Korea said that South Korea is not their principal enemy, but if South Korea chooses confrontation, then nuclear forces will carry out their mission, via KCNA.EUROPEAN TRADEEQUITIESEuropean bourses began the session lacklustre before seeing a marginal pick up amid broader risk-on moves as Ukraine's Zelensky spoke.However, this upside was fleeting and bourses are now softer, Euro Stoxx 50 -0.5%; note, the pullback began before, but has been exacerbated by, the latest sanctions updates.Sectors, has Energy Names outperforming amid benchmark action while Basic Resources lag awaiting the touted next set of EU sanctions.Stateside, US futures have moved directionally in tandem with EZ peers but magnitudes were more contained initially, but have slipped further amid the latest sanctions reports.Click here for more detail.FXAussie rules as RBA removes patience from policy guidance to imply upcoming meetings are live for rate hikes; AUD/USD approaches 0.7650 after round number and Fib resistance (circa 0.7609) breaks.Kiwi tags along after BNZ raised its May call for the RBNZ to a 50 bp tightening move from 25 bp previously, NZD/USD probes 0.7000 as AUD/NZD runs into headwinds above 1.0900.Dollar underpinned by bear-steepening US Treasury backdrop, but DXY unable to extend much beyond 99.000.Swedish Crown bid as another Riksbank member registers concern over inflation and contends that it's time to re-evaluate policy at the next meeting, EUR/SEK edges close to 10.3000.Loonie and Nokkie firm as WTI and Brent crude continue to rebound amidst ongoing geopolitical supply risk; USD/CAD near 1.2450 and EUR/NOK around 9.5300 at one stageJapanese Finance Minister Suzuki said they are closely watching FX impact on Japan's economy and must look out for any sharp FX moves.Japanese Vice Finance Minister declined to comment on FX intervention, closely watching FX with a sense of urgency.Click here for more detail.Notable FX Expiries, NY Cut:Click here for more detail.FIXED INCOMEBonds back in reverse gear after Monday's bounce, with Bunds around 100 ticks off their 159.42 overnight Eurex peak, Gilts 71 ticks below par circa 121.17 and the 10 year T-note closer to 121-22+ than 122-10.French OATs underperforming and testing 150.00 support in futures as polls predict a tight run-off between Macron and Le Pen for the Presidency.2026 UK DMO issuance draws decent demand, but tail a tad longer and yield much higher.Click here for more detail.COMMODITIESWTI and Brent reside towards the top-end of another relatively modest range at this point in the session, as fundamentals haven't significantly changed and we await Ukraine-Russia updates.Thus far, talks are ongoing, Ukraine acknowledges they are very difficult but there is no alternative and Russia continues to pushback on Bucha allegations.JP Morgan (JPM) is reportedly mulling its commodity exposure following the nickel episode, according to Bloomberg sources.Russia prevented the movement of a ship loaded with Ukrainian wheat after it was bought by Egypt, according to the Embassy of Ukraine in Cairo cited by Al Jazeera.Russian oil and gas condensate output is down 4% in early April, according to Interfax.Some Japanese aluminium buyers agreed a Q2 premium of USD 172/T, -2.8% QQ, according to Reuters sources.Spot gold/silver eased from best amid the initial risk-on actionClick here for more detail.CENTRAL BANKSThe RBA maintained its Cash Rate Target at 0.10% as expected. The statement surprisingly dropped reference to the word "patient". The Board noted inflation has picked up and a further increase is expected. The statement made no explicit mention of rate increases.BoJ Governor Kuroda said recent forex moves are somewhat rapid. He added if the rise in long-term rates is rapid, BoJ will offer to buy unlimited amount of 10yr JGBs and it may not necessarily be a "last resort", via Reuters.A senior BoJ official said Japanese consumer inflation will likely hover around 2% for some time from April onward, via Reuters.A BoK official said upside risks to inflation path has risen since the Feb forecast; will continue to monitor commodities, via Reuters.BNZ now expects the RBNZ to hike the OCR by 50bps in May (prev. 25bps) "but, hesitantly, keep April at 25".ECB's Rehn says ECB decided to proceed with gradual monpol normalisation in March, but recent inflation rates may give rise to the need for measures to curb inflation more quickly.Riksbank's Floden says inflation will be significantly higher than in their latest forecast, will need to re-evaluate monetary policy at the next meeting; risks for persistently high inflation have increased. The domestic economy is in good shape, labour market is strong.DATA RECAPEU S&P Global Composite Final PMI (Mar) 54.9 vs. Exp. 54.5 (Prev. 54.5); Services Final PMI (Mar) 55.6 vs. Exp. 54.8 (Prev. 54.8)UK Composite PMI Final (Mar) 60.9 vs. Exp. 59.7 (Prev. 59.7); Services PMI Final (Mar) 62.6 vs. Exp. 61.0 (Prev. 61.0)NOTABLE US HEADLINESTesla (TSLA) CEO Musk, after purchasing a large stake in Twitter (TWTR), asks via a Twitter Poll whether users would like an "edit" button [for Twitter posts].US President Biden is to propose adjustments to the Affordable Care Act to extend subsidies for families, according to WSJ; set to be announced today.Click here for the US Early Morning note.CRYPTOBitcoin is slightly firmer, residing near the top end of a slim USD 46,188-46,889 range.APAC TRADEEQUITIESAPAC stocks traded mixed as the region also observed mass closures.Mainland China, Hong Kong, and Taiwan were all closed today due to domestic holidays.ASX 200 traded in the green in the run-up to the RBA release but trimmed those gains following the RBA's hawkish hold.Nikkei 225 reversed the gains seen at the open amid unfavourable currency dynamics after verbal jawboning from Japanese officials.KOSPI traded lacklustre as South Korean March CPI rose at its fastest pace since 2011.NOTABLE APAC HEADLINESChina's Shanghai city reported 13,086 new asymptomatic COVID cases for April 4th (vs 8,581 for April 3rd).Australia is to speed up the Australian Defence Force's missile strike capabilities.DATA RECAPSouth Korea CPI Growth Y/Y (Mar) 4.1% vs. Exp. 3.8% (Prev. 3.7%); M/M (Mar) 0.7% vs. Exp. 0.4% (Prev. 0.6%)

APAC stocks traded mostly lower with the region cautious heading into month-end and following the Shanghai lockdown announcement.The next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.US President Biden stated that Russian President Putin cannot remain in power; White House official later said Biden was not calling for a change of regime in Russia.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed higher by 0.1% on Friday.DXY climbed back above 99.0, EUR/USD is back on a 1.09 handle, USD/JPY rose above 123.00.Looking ahead, highlights include ASEAN summit, US 2yr and 5yr supply, Speech from BoE Governor Bailey.US TRADEUS stocks finished mixed on Friday with trade choppy as yields surged on hawkish Fed calls.S&P 500 +0.5% at 4,542, Nasdaq 100 -0.1% at 14,754 , Dow Jones +0.4% at 34,861, Russell 2000 +0.1% at 2,077.NOTABLE US HEADLINESWhite House Principal Deputy Press Secretary Karine Jean-Pierre tested positive for COVID-19 and last saw President Biden in a socially-distanced meeting on Saturday, but added that the President is not considered a close contact.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said he would like an all for all prisoner exchange with Russia and that they have handed over a list to Russia. Zelensky added that they will not sit down for talks with Russia if discussions are about "demilitarisation and some kind of denazification". Zelensky stated that Ukraine is ready to discuss neutrality and non-nuclear status if backed by security guarantees, while he added that a deal is only possible with a troop withdrawal and that he wants a compromise with Russia regarding Donbass.Turkish President Erdogan told Russian President Putin in a call that there needs to be a quick ceasefire with Ukraine and that they need to improve the humanitarian situation in the region, while it was also reported that the next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.US President Biden said NATO is a defensive alliance and it has never sought Russia's demise and that “swift and punishing” costs are the only things that will influence Russia to change course. Biden added that US forces are in Europe to defend NATO allies, not to engage with Russian forces and stated that Russian President Putin cannot remain in power, although Biden later said that he was not calling for a regime change in Russia.White House official said President Biden was not calling for a change of regime in Russia and the US envoy to NATO also commented that the US does not have a policy of regime change in Russia. In relevant news, a Kremlin spokesman responded that it is not for US President Biden to decide and said the President of Russia is elected by Russians.German Chancellor Scholz said a regime change in Russia is not NATO's goal. Furthermore, Scholz said that Germany is considering purchasing a missile shield.US Secretary of State Blinken said Israeli efforts to mediate on Ukraine-Russia are important and closely coordinated with the US.DEFENCE/MILITARYRussia launched 70 missiles on targets in Ukraine on Saturday which was the largest daily amount since the war began, although reports added only 8 of the 70 missiles reached the target, according to Pravda with most shot down by Ukrainian defence.UK Ministry of Defence said Russia is maintaining a distant blockade of Ukraine's Black Sea coast and effectively isolating Ukraine from maritime trade, while it noted that Russian naval forces are continuing their sporadic missile strikes against targets throughout Ukraine. UK Defence Ministry also said Russia is stepping up attempts to encircle Ukrainian forces directly facing the separatist regions in the east, advancing from the direction of Kharkiv in the north and Mariupol in the south, according to Bloomberg.US is to provide an additional USD 100mln in civilian security assistance to Ukraine, according to the State Department.ENERGY/ECONOMIC SANCTIONSUS is to sanction companies providing technology for Russian military and intelligence services, according to a WSJ report late on Friday.Japanese Finance Minister Suzuki said the government cannot confiscate foreign central banks' reserves parked with the BoJ under current laws, while Chief Cabinet Secretary Matsuno said they will revise FX control laws swiftly to strengthen sanctions against Russia and hope to submit a bill at the current parliamentary session.OTHERIranian Foreign Minister said that France, Germany and UK agree on the text and that the US ‘accepts' it must address some remaining issues, while he also stated that a deal hinges on the US removing the IRGC from the terror list, according to Bloomberg. Furthermore, Iran's Foreign Minister said Tehran welcomes normalisation of ties with Saudi Arabia and is determined to expand cooperation with Syria, according to state TV.EU's Borrell said a nuclear agreement with Iran is very close.US Special Envoy for Iran Malley said he can't be confident that a deal is imminent and said they also thought they were close a few months ago.US Secretary of State Blinken said a return to the JCPOA is the best way to put Iran's nuclear program back in the box and that US commitment to the principle of Iran never acquiring a nuclear weapon is unwavering, while he added the US will continue to stand up to Iran if it threatens the US and its allies.Israeli PM Bennett said that he hopes the US will heed calls against the delisting of the IRGC from its terrorism blacklist, while Israel's Foreign Minister said Israel and the US will continue working together to prevent a nuclear Iran.Two police officers were killed and four people were injured during a shooting attack in Israel's Hadera, which ISIS claimed responsibility for.North Korean leader Kim said North Korea will keep developing formidable striking capabilities and their self-defence force cannot be bartered nor be bought according to KCNA, while it was separately reported that North Korea is to accelerate the restoration of its demolished nuclear test site, according to South Korea press.APAC TRADEEQUITIESAPAC stocks traded mostly lower with the region cautious heading into month-end and this week's various risk events, while higher yields and a lockdown in Shanghai contributed to the headwinds for risk sentiment.ASX 200 shrugged off weak business confidence and was kept afloat by strength in mining stocks and financials.Nikkei 225 is set to snap its 9-day win streak and tested the 28,000 level to the downside.Hang Seng and Shanghai Comp. were mixed with early weakness in the mainland amid a two-stage lockdown in Shanghai after asymptomatic cases in the city rose to a record high and with data also showing a slowdown in Industrial Profits for February YTD. However, the PBoC's liquidity boost eventually helped stem some of the losses in China, while the Hong Kong benchmark recovered into the green with advances led by Meituan Dianping and Sinopec post-earnings.US equity futures were subdued overnight with price action rangebound at the start of a risk-packed week.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed higher by 0.1% on Friday.FXDXY climbed back above the 99.00 level amid the cautious risk tone and the recent hawkish Fed calls.EUR/USD retreated further beneath 1.1000 but eventually found a floor around 1.0950.GBP/USD remained weak with the government expected to consider proposals to address higher costs of living.USD/JPY rose above 123.00 after the BoJ intervened to protect its yield cap.Antipodeans were mixed with underperformance in NZD/USD after Westpac noted that financial markets seem to be overpricing the extent of RBNZ rate hikes during the next couple of years.SNB Chairman Jordan said Swiss inflation is high for Switzerland but low in international comparison, while they will make policy adjustments to keep inflation under control if needed and consider the inflation difference between Switzerland and other countries when deciding on currency interventions. SNB Chairman Jordan added that the nominal value of CHF is different to its real value and businesses can cope with a stronger nominal CHF due to higher inflation abroad. Furthermore, he added that CHF remains highly valued and that they are ready to intervene to prevent it from becoming too strong, while parity with EUR is symbolic but not economically important and they look at all currencies and inflation differences not just at the euro.FIXED INCOME10yr USTs were subdued on hawkish Fed calls, while the 5yr/30yr yield curve inverted for the first time since 2006.Bunds prodded Friday's lows and fell below 158.00.10yr JGBs were lacklustre as the 10yr yield approached the BoJ's yield cap which prompted the BoJ to step in with an offer to buy an unlimited amount of JGBs at a yield of 0.25%, although no one took up the central bank on its offer, while the 10yr yield later reached 0.25% which prompted the BoJ to announce a second special operation for today.COMMODITIESWTI and Brent futures were pressured at the open amid a lockdown in Shanghai and as reports suggested an Iranian nuclear deal is close with Iran's Foreign Minister stating that France, Germany and the UK agreed on the text.US Baker Hughes Rig Count (w/e Mar 25th): Oil +7 at 531, Nat Gas unch. at 137, and Total +7 at 670US officials are considering another US SPR release but nothing has been decided yet, while it could be more than the 30mln bbls released earlier in the month, according to a Reuters source.Saudi-led coalition said it began an operation to neutralise the targeting of oil facilities with the goal to protect global energy sources from hostile attacks and ensure supply chains, while it carried out airstrikes against sources of threats in Yemeni cities of Sanaa and Hodeidah, according to Al Arabiya.SGH Macro Advisers noted on Friday that Russia is in active talks with Asian partners about the possibility of sending further oil supplies to the Asian market, while SGH Macro understands that China will import at least 10mln tons of Russian oil on top of its original import plan for this year and Beijing sources said the price that Russia offered is equivalent to about USD 70/bbl which is to be settled directly in CNY and RUB.Qatar's Foreign Minister said the conflict in Ukraine and its geopolitical ramifications, is spurring some countries to explore new ways of pricing oil outside of the dollar, according to CNBC.US, UK and Japanese banks are considering jointly extending USD 1bln in loans to Kuwait Petroleum Corp to help in increasing oil production, according to Nikkei.Spot gold marginally declined with the precious metal subdued by a firmer greenback.Copper was subdued amid the cautious risk tone.CRYPTOBitcoin took a breather overnight after it gained throughout the weekend and briefly pared all its YTD losses.Exxon is reportedly utilising excess natural gas to mine Bitcoin.Florida Governor DeSantis said the state should allow businesses to pay tax in crypto.UK is to disclose cryptocurrency regulations proposals in the coming weeks, according to CNBC.NOTABLE APAC HEADLINESPBoC injected CNY 150bln via 7-day reverse repos with the rate at 2.10% for a CNY 120bln net injection.PBoC set USD/CNY mid-point at 6.3732 vs exp. 6.3719 (prev. 6.3739)Shanghai announced a four-day lockdown of its financial district and nine other areas, in which it is to lockdown each half of the city by turns for mass COVID testing beginning on Monday after the city reported a new record high of asymptomatic COVID-19 cases.US FCC designated China Telecom Corp and China Mobile International USA as a threat to national security.BoJ offered to buy an unlimited amount of 5yr-10yr JGBs at a fixed rate of 25bps although no one took up the central bank's offer for unlimited 5yr-10yr JGBs. BoJ said it made the offer in light of recent moves in long-term rates and that they need to guide 10yr yield around 0%, while it later announced a second similar operation.DATA RECAPChinese Industrial Profits YTD YY (Feb) 5.0% (Prev. 34.3%)Australian NAB Quarterly Business Confidence (Q1) 9 (Prev. 18, Rev. 14)EUROPENOTABLE EUROPEAN HEADLINESUK PM Johnson is expected to hold discussions with senior cabinet ministers this week regarding plans to address rising bills and bolster the country's energy security, according to The Observer.UK Chancellor Sunak is considering proposals for a new council tax rebate after his Spring statement failed to ease panic in Downing Street regarding the spiralling cost of living crisis, according to Sunday Times.German Chancellor Scholz said the ruling coalition has an agreement on debt brake and tax hikes, while he added that all parties will stick with them.ECB President Lagarde said euro area growth could be as low as 2.4% this year in a severe scenario due to the war and that inflation is expected to decrease and settle at levels around the 2% target in 2024 in all their scenarios, while she also commented that they stand ready to revise the schedule for net asset purchases in terms of size and duration.

European bourses are firmer, extending on overnight futures performance, shrugging off a downbeat APAC handover amid COVID concerns.Stateside, futures are contained/marginally softer ahead of a quiet schedule and after a mixed close on Friday; NQ, -0.3%, modestly lags amid yield action.Russian Kremlin said face-to-face talks in Turkey with Ukraine are unlikely to commence on Monday, may start on Tuesday.AAPL intends to make ~20% less iPhone SE's next quarter than was originally planned, via Nikkei; while TSLA is seeking a stock split.DXY surpasses 99.00 while JPY lags amid BoJ JBG intervention, core-debt pulls back with curves flatter or more inverted pre-supply.WTI and Brent are clipped amid COVID measures from China and progress on the JCPOA; currently, off lows of USD 108.28/bbl and USD 115.32/bbl respectively.Looking ahead, highlights include the ASEAN summit, US Auctions & a speech from BoE Governor Bailey.As of 11:15BST/06:15EDTLOOKING AHEADASEAN summit, US Auctions & a speech from BoE Governor Bailey.Click here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said he would like an all for all prisoner exchange with Russia and that they have handed over a list to Russia. Zelensky added that they will not sit down for talks with Russia if discussions are about "demilitarisation and some kind of denazification". Zelensky stated that Ukraine is ready to discuss neutrality and non-nuclear status if backed by security guarantees, while he added that a deal is only possible with a troop withdrawal and that he wants a compromise with Russia regarding Donbass.Ukrainian Interior Ministry Advisor says he expects no major breakthrough at peace discussions.Turkish President Erdogan told Russian President Putin in a call that there needs to be a quick ceasefire with Ukraine and that they need to improve the humanitarian situation in the region, while it was also reported that the next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.Senior Turkish official says that talks between Ukrainian and Russian negotiators will begin in Istanbul later today. However, the Russian Kremlin said talks are unlikely to commence on Monday, may start on Tuesday. No substantial achievements/breakthroughs in talks, no progress re. a potential Putin-Zelensky meeting.Russian Foreign Minister Lavrov says President Putin never refuses to meet with Ukrainian President Zelensky, but since meetings must be well prepared, a (presidential) meeting to exchange views at this time would be counter-productive.Ukraine's Deputy PM says that no humanitarian corridors will be opened today as intelligence suggested potential Russian provocations on corridor routes.OTHER OFFICIALSUS President Biden said NATO is a defensive alliance and it has never sought Russia's demise and that “swift and punishing” costs are the only things that will influence Russia to change course. Biden added that US forces are in Europe to defend NATO allies, not to engage with Russian forces and stated that Russian President Putin cannot remain in power, although Biden later said that he was not calling for a regime change in Russia.White House official said President Biden was not calling for a change of regime in Russia and the US envoy to NATO also commented that the US does not have a policy of regime change in Russia. In relevant news, a Kremlin spokesman responded that it is not for US President Biden to decide and said the President of Russia is elected by Russians.German Chancellor Scholz said a regime change in Russia is not NATO's goal. Furthermore, Scholz said that Germany is considering purchasing a missile shield.US Secretary of State Blinken said Israeli efforts to mediate on Ukraine-Russia are important and closely coordinated with the US.DEFENCE/MILITARYRussia launched 70 missiles on targets in Ukraine on Saturday which was the largest daily amount since the war began, although reports added only 8 of the 70 missiles reached the target, according to Pravda with most shot down by Ukrainian defence.UK Ministry of Defence said Russia is maintaining a distant blockade of Ukraine's Black Sea coast and effectively isolating Ukraine from maritime trade, while it noted that Russian naval forces are continuing their sporadic missile strikes against targets throughout Ukraine. UK Defence Ministry also said Russia is stepping up attempts to encircle Ukrainian forces directly facing the separatist regions in the east, advancing from the direction of Kharkiv in the north and Mariupol in the south, according to Bloomberg.US is to provide an additional USD 100mln in civilian security assistance to Ukraine, according to the State Department.Ukraine's Deputy Defence Minister said that Russian forces are regrouping but not able to advance anywhere within Ukraine, via Reuters. Subsequently, reports suggest that Russia is attacking to the east and northwest of Kyiv, trying to take key roads and settlements, according to a war reporter based in UkraineENERGY/ECONOMIC SANCTIONSUS is to sanction companies providing technology for Russian military and intelligence services, according to a WSJ report late on Friday.Japanese Finance Minister Suzuki said the government cannot confiscate foreign central banks' reserves parked with the BoJ under current laws, while Chief Cabinet Secretary Matsuno said they will revise FX control laws swiftly to strengthen sanctions against Russia and hope to submit a bill at the current parliamentary session.Russian Kremlin says President Putin has instructed the CBR and Gazprom to use the RUB in gas sale transactions to unfriendly nations by March 31st, via AJA Breaking.OTHERIranian Foreign Minister said that France, Germany and UK agree on the text and that the US ‘accepts' it must address some remaining issues, while he also stated that a deal hinges on the US removing the IRGC from the terror list, according to Bloomberg. Furthermore, Iran's Foreign Minister said Tehran welcomes normalisation of ties with Saudi Arabia and is determined to expand cooperation with Syria, according to state TV.EU's Borrell said a nuclear agreement with Iran is very close.US Special Envoy for Iran Malley said he can't be confident that a deal is imminent and said they also thought they were close a few months ago.US Secretary of State Blinken said a return to the JCPOA is the best way to put Iran's nuclear program back in the box and that US commitment to the principle of Iran never acquiring a nuclear weapon is unwavering, while he added the US will continue to stand up to Iran if it threatens the US and its allies.Israeli PM Bennett said that he hopes the US will heed calls against the delisting of the IRGC from its terrorism blacklist, while Israel's Foreign Minister said Israel and the US will continue working together to prevent a nuclear Iran.Two police officers were killed and four people were injured during a shooting attack in Israel's Hadera, which ISIS claimed responsibility for.North Korean leader Kim said North Korea will keep developing formidable striking capabilities and their self-defence force cannot be bartered nor be bought according to KCNA, while it was separately reported that North Korea is to accelerate the restoration of its demolished nuclear test site, according to South Korea press.EUROPEAN TRADEEQUITIESEuropean bourses are firmer, extending on the pre-open futures performance, shrugging off a downbeat APAC handover amid COVID concerns.Sectors are primarily in the green though Tech and Energy names lag amid Apple and crude benchmark action, respectively.Stateside, futures are contained/marginally softer ahead of a quiet schedule and after a mixed close on Friday; NQ, -0.3%, modestly lags amid yield action.Apple (AAPL) intends to make ~20% less iPhone SE's next quarter than was originally planned, via Nikkei; reducing iPhone and AirPods output amid Ukraine war uncertainty. -1.8% in pre-marketTesla (TSLA) is to ask shareholders to vote on more shares for a stock split, according to Bloomberg. +3.6% in pre-marketClick here for more detail.FXBoJ intervenes to curb JGB yield but waves green light to further Yen weakness, USD/JPY breaches barriers from 123.50 all the way up through 125.00 before easing back.DXY tops 99.000 and mid-March high to expose Y-T-D peak as US Treasuries continue to sink and the curve flattens or inverts.Aussie maintains momentum on commodity related grounds, while Kiwi is hampered by less hawkish RBNZ outlook from Westpac; AUD/USD approaches 0.7550, NZD/USD hovers under 0.6950 and AUD/NZD tests 1.0850.Euro underpinned by EUR/JPY cross demand, EUR/USD recovers from sub-1.0950 to get close to 1.1000 at best.Loonie and Nokkie undermined by hefty retreat in WTI and Brent, USD/CAD circa 1.2485 and EUR/NOK around 9.4700.Franc softer after SNB President repeats that nominal value is not the same as real and inflation differentials are impacting moves, USD/CHF circa 0.9350 and EUR/CHF above 1.0250.SNB Chairman Jordan said Swiss inflation is high for Switzerland but low in international comparison, while they will make policy adjustments to keep inflation under control if needed and consider the inflation difference between Switzerland and other countries when deciding on currency interventions. SNB Chairman Jordan added that the nominal value of CHF is different to its real value and businesses can cope with a stronger nominal CHF due to higher inflation abroad. Furthermore, he added that CHF remains highly valued and that they are ready to intervene to prevent it from becoming too strong, while parity with EUR is symbolic but not economically important and they look at all currencies and inflation differences not just at the euro.Japanese Former currency diplomat Sakakibara (aka Mr Yen) says that the current weak JPY benefits the Japanese economy but further advances beyond 130 vs. the USD would cause issues, via Reuters.Click here for more detail.Notable FX Expiries, NY Cut:USD/CAD: 1.2545-55 (1.0BN), 1.2650 (336M)Click here for more detail.FIXED INCOMEBonds buckle again as the bear trend continuesCurves flatter or more inverted amidst a front-loaded and shorter-dated supply scheduleJGBs hold up a bit better as BoJ offers to buy unlimited amounts in defence of its YCT through to month/fy-endClick here for more detail.COMMODITIESWTI and Brent are clipped amid COVID measures from China and progress on the JCPOA; currently, off lows of USD 108.28/bbl and USD 115.32/bbl respectively.Saudi-led coalition said it began an operation to neutralise the targeting of oil facilities with the goal to protect global energy sources from hostile attacks and ensure supply chains, while it carried out airstrikes against sources of threats in Yemeni cities of Sanaa and Hodeidah, according to Al Arabiya.SGH Macro Advisers noted on Friday that Russia is in active talks with Asian partners about the possibility of sending further oil supplies to the Asian market, while SGH Macro understands that China will import at least 10mln tons of Russian oil on top of its original import plan for this year and Beijing sources said the price that Russia offered is equivalent to about USD 70/bbl which is to be settled directly in CNY and RUB.Qatar's Foreign Minister said the conflict in Ukraine and its geopolitical ramifications, is spurring some countries to explore new ways of pricing oil outside of the dollar, according to CNBC.UAE Energy Minister says everyone is saying to raise production, but financial institutions are hesitant to finance many oil/gas projects globally.US, UK and Japanese banks are considering jointly extending USD 1bln in loans to Kuwait Petroleum Corp to help in increasing oil production, according to Nikkei.Spot gold/silver are hampered amid broader price action and as other havens, particularly JPY and core-debt, experience marked weakness.Click here for more detail.NOTABLE EUROPEAN HEADLINESUK PM Johnson is expected to hold discussions with senior cabinet ministers this week regarding plans to address rising bills and bolster the country's energy security, according to The Observer.UK Chancellor Sunak is considering proposals for a new council tax rebate after his Spring statement failed to ease panic in Downing Street regarding the spiralling cost of living crisis, according to Sunday Times.German Chancellor Scholz said the ruling coalition has an agreement on debt brake and tax hikes, while he added that all parties will stick with them.ECB President Lagarde said euro area growth could be as low as 2.4% this year in a severe scenario due to the war and that inflation is expected to decrease and settle at levels around the 2% target in 2024 in all their scenarios, while she also commented that they stand ready to revise the schedule for net asset purchases in terms of size and duration.NOTABLE US HEADLINES:White House Principal Deputy Press Secretary Karine Jean-Pierre tested positive for COVID-19 and last saw President Biden in a socially-distanced meeting on Saturday, but added that the President is not considered a close contact.Click here for the US Early Morning NoteCRYPTOExxon is reportedly utilising excess natural gas to mine Bitcoin.Florida Governor DeSantis said the state should allow businesses to pay tax in crypto.UK is to disclose cryptocurrency regulations proposals in the coming weeks, according to CNBC.APAC TRADEEQUITIESAPAC stocks traded mostly lower with the region cautious heading into month-end and this week's various risk events, while higher yields and a lockdown in Shanghai contributed to the headwinds for risk sentiment.ASX 200 shrugged off weak business confidence and was kept afloat by strength in mining stocks and financials.Nikkei 225 is set to snap its 9-day win streak and tested the 28,000 level to the downside.Hang Seng and Shanghai Comp. were mixed with early weakness in the mainland amid a two-stage lockdown in Shanghai after asymptomatic cases in the city rose to a record high and with data also showing a slowdown in Industrial Profits for February YTD. However, the PBoC's liquidity boost eventually helped stem some of the losses in China, while the Hong Kong benchmark recovered into the green with advances led by Meituan Dianping and Sinopec post-earnings.NOTABLE APAC HEADLINESPBoC injected CNY 150bln via 7-day reverse repos with the rate at 2.10% for a CNY 120bln net injection.PBoC set USD/CNY mid-point at 6.3732 vs exp. 6.3719 (prev. 6.3739)Shanghai announced a four-day lockdown of its financial district and nine other areas, in which it is to lockdown each half of the city in turns for mass COVID testing beginning on Monday after the city reported a new record high of asymptomatic COVID-19 cases.US FCC designated China Telecom Corp and China Mobile International USA as a threat to national security.BoJ offered to buy an unlimited amount of 5yr-10yr JGBs at a fixed rate of 25bps although no one took up the central bank's offer for unlimited 5yr-10yr JGBs. BoJ said it made the offer in light of recent moves in long-term rates and that they need to guide 10yr yield around 0%, while it later announced a second similar operation.BoJ is to conduct bond buying operations for consecutive days; March 29th to 31st, to conduct unlimited fixed-rate purchase operations for 10yr JGBs at a yield of 0.25%.DATA RECAPChinese Industrial Profits YTD YY (Feb) 5.0% (Prev. 34.3%)Australian NAB Quarterly Business Confidence (Q1) 9 (Prev. 18, Rev. 14)

The NZD or “Kiwi” looks well supported by the Reserve Bank of New Zealand. The central bank is likely to be one of the first movers within Developed Markets to start normalising monetary policy – given New Zealand's well-documented COVID-19 recovery so far. Terms of trade should also prop up New Zealand exports and act as a tailwind for the NZD. We would favour a ‘buy-on-dips' approach for NZD/USD on any retracement below 0.7200.Speaker:DJ Cheong, Investment Strategist, Standard Chartered Bank