-
US indices snapped a 3-day long streak and finished yesterday's trading lower. S&P 500 moved 0.28% lower, Dow Jones dropped 0.14% and Nasdaq finished 0.18% lower. Russell 2000 dropped 0.10%
-
Moods during the Asian session were downbeat. Nikkei dropped 1.5%, Kospi moved 0.6% lower and S&P/ASX 200 traded flat. Chinese indices were plunging 1.5-2.6%
-
DAX futures point to a lower opening of the European cash session today
-
Tensions between US and China are on the rise after it was confirmed US Speaker Pelosi will arrive in Taiwan this afternoon
-
China said it will conduct military drills in the South China Sea. Some media reports also surfaced saying that 2 out of 3 aircraft Chinese carriers are heading towards Strait of Taiwan
-
Taiwan said that it will strengthen its combat readiness through Thursday
-
China banned imports from over 100 Taiwanese food factories, suggesting that China may stick to its previous playbook and punish US allies for US actions
-
The Reserve Bank of Australia delivered a 50 basis point rate hike, in-line with market expectations. RBA repeated that it expects inflation to peak this year and move back to 2-3% range in 2023. AUD dropped as RBA statement hinted there is no "pre-set path" to rate hikes
-
US President Biden said that Ayman Al-Zawahiri, Al-Qaeda leader, has been killed in a drone strike in Kabul, Afghanistan over the weekend. Al-Zawahiri was considered one of key planners of September 11 attacks
-
Fox News reported that Saudi Arabia will push for oil output increase at OPEC meeting this week
-
Australian building approvals dropped 0.7% MoM in June (exp. -5.2% MoM)
-
Cryptocurrencies are pulling back amid broad risk-off moods. Bitcoin trades 0.5% lower while Ethereum drops 2.4%. Moonbeam slumps 15%
-
Energy commodities drop. Brent and WTI trade around 1.0-1.2% lower at press time
-
Precious metals trade mixed - platinum gains, gold trades flat while palladium and silver drop
-
JPY and EUR are the best performing major currencies while AUD and NZD lag the most
AUDUSD is pulling back amid lack of hawkish message from RBA and increase in China-US tensions. Pair pulls back from the resistance zone marked with a 38.2% retracement of a recent downward impulse. Source: xStation5
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.