1.Forex: USD advanced Tuesday, but below a 20-year high set a day earlier, while the EUR moved back above parity as markets priced in expected super-sized rate hikes from the Fed and ECB.
2.Gold: David Meger, head of metals trading at High Ridge Futures, said, "Fed Chairman Powell's remarks last week raised expectations that the Fed will be more aggressive, which continues to put pressure on gold. Gold will face more competition as a non-sin asset."
3.Crude oil: Oil prices plunged nearly $6 on Tuesday, the biggest drop in about a month, on concerns that fuel demand could weaken as global central banks raise interest rates to fight rising inflation and as unrest in Iraq failed to weaken the country's crude exports.
4.Stocks: U.S. stocks closed lower for a third straight session on Tuesday, with concerns fueled by an increase in U.S. job openings. The S&P 500 has fallen more than 5 percent since Federal Reserve Chairman Jerome Powell reiterated his determination to raise interest rates even in the face of a slowing economy on Friday.
Market News:
1.ECB Governing Council member Vasle: support for a possible rate hike of more than 50 basis points
2.Former Soviet President Mikhail Gorbachev passed away
3.Large Russian trade delegation to visit Iran
4.Russia to extend soybean export tax, ban some rapeseed exports
5.EU members' defense ministers' meeting agrees to jointly provide military training for Ukraine
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