The EUR is the strongest and the JPY is the weakest as the NA session begins

The EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term is the strongest and the JPY is the weakest as the North American session begins.

The Russian withdrawal of some reported 10,000 troops from the border has got markets "going the other way".

• Stocks are higher.
• Gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is lower.
• Crude oil is lower. T
• The flow of funds are out of the safety of the JPY and USD and back into the EUR.
• Yields are higher in the US as it loses safety buying.

One day looks one way. The next day can look the complete opposite.

That is what happens when a key event takes hold and since Friday, the key event has been the Russia/Ukraine border conflict. It's the game that is being played out in real-time.

A snapshot of markets currently shows:

• Spot gold is trading down $21.10 or -1.13% at $1850
• Spot silver is down $0.54 of -2.26% at $23.30
• WTI crude oil futures are trading down $3.05 at $92.28
• Bitcoin is trading up to $44,244.24. At near 5 PM ET yesterday the price is trading at $42,239

In the premarket for US stocks, the major indices are all sharply higher

• Dow industrial average is up 423 points after falling -171.89 points yesterday
• S&P index is up 67.5 points after being down -16.99 points yesterday
• NASDAQ index is up 289 points after falling -0.24 points yesterday

In the European equity markets, the major indices are all higher as well Tuesday's falls

• German DAX, +1.7%
• France's CAC, +1.4%
• UK's FTSE 100 +0.7%
• Italy's FTSE MIB +1.7%
• Spain's Ibex +1.3%

In the US debt market, the two year is down marginally while the longer end has moved up with the 10 year up 3.5 basis points:

In the European debt market, the benchmark 10 year yields are more mixed: