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US indices finished yesterday's session higher. S&P 500 gained 0.60%, Dow Jones and Nasdaq added 0.78% each while Russell 2000 rallied 1.81%
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Moods in Asia were mixed. S&P/ASX 200 and Nikkei gained while Kospi and indices from China dropped
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DAX futures point to a flat opening of the European session
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RBA forecasts 5% unemployment rate at the end of 2021, followed by 4.25% and 4% in 2022 and 2023 respectively. GDP is expected to reach 4% this year, followed by 4.25% and 2.5% in 2022 and 2023, respectively
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RBA Governor said that weaker AUD is a result of RBA policy but not its target
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Japanese household spending dropped 5.1% YoY in June (exp. 0.2% YoY)
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Fed Kashkari said that "substantial progress" on labour market goals has not been made yet. He also said that cryptocurrency market is full of nonsense
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Bitcoin climbed above $40,000 mark
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Precious metals trade lower with silver being top laggards (-0.4%). Oil inches higher while industrial metals gain
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USD and EUR are the best performing major currencies while AUD and NZD lag the most. Ranges on the FX market are narrow though
AUDUSD is trading lower following comments from RBA Governor Lowe and new set of forecasts. The pair is pulling back from the 0.7425 resistance area, where the upper limit of local market geometry can be found. Key resistance is marked with the upper limit of large Overbalance structure at 0.7650. Source: xStation5
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