-
The first Asian session of a new week (and a new month) was an upbeat one. Nikkei and S&P/ASX 200 gained 0.5% while indices from China traded up to 0.9% higher. Kospi traded slightly lower
-
DAX futures point to a lower opening of the European cash session
-
US index futures trade slightly below Friday's cash close
-
US House Speaker Pelosi embarked on her Asian visit. Official documents do not mention plans to visit Taiwan. China once again warned United States not to provoke its response
-
US President Biden tested positive for Covid again
-
Tension on the Serbia-Kosovo border increased in recent days. NATO said that it is prepared to intervene if stability in the region is jeopardized
-
Russian Gazprom halted gas deliveries to Latvia over the weekend
-
Fed's Kashkari said that markets have gotten ahead of themselves with pricing a rate cut next year
-
CRIC, a Chinese real estate data provider, said that sales at the 100 biggest Chinese developers dropped 39.7% YoY in July. S&P Global Ratings estimates that Chinese banks may lose up to $350 billion in worst case scenario for Chinese property market
-
Official Chinese manufacturing PMI dropped from 50.2 to 49.0 in July (exp. 50.3), reaching a 3-month low. Services gauges dropped from 54.7 to 53.8 (exp. 53.9)
-
South Korean manufacturing PMI dropped from 51.3 to 49.8 in July. This is the first reading in a contraction territory since September 2020
-
Majority of cryptocurrencies trade lower at the start of a new week. Bitcoin drops 1% while Ethereum trades 0.9% lower
-
Oil and other energy commodities pull back today. Brent trades 0.4% lower while WTI drops 0.6%
-
Precious metals drop in spite of USD weakness. Gold trades 0.1% lower near $1,760 per ounce
-
NZD and JPY are the best performing major currencies while USD and EUR lag the most
Japanese yen leads among G10 currencies today as risk-off moods are on the rise. The pair dropped below the lower limit of the Overbalance structure last week and is deepening the drop today. The near-term support to watch can be found in the 134.40 area, where 50% retracement and 200-session moving average are located. Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
