Sharp movement continues in Asia Monday trade - USD back up again & index futures drop

The big news is here from earlier:

The news is here:

• Fed, BoE, BoJ, ECB SNB, BoC to coordinate action to enhance liquidity provision

More:

• ICYMI - Fed, ECB, BOJ, BOE, BOC, SNB announce coordinated intervention

The response from Globex:

• US equity index trade has opened on Globex for the new week - gap up initially (d'uh)

that response extended even higher (see the chart in this post)

• RBA's Kent says the Bank will take account of financial conditions in deciding on rates

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Retracements moves now with 'risk' FX giving back much of its earlier gain against the US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term.

Here is the ES on Globex, also having given back some gain:

Bulls and bears who remained nimble are both getting rewards today.