CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap (04.08.2021)

06:37 4 August 2021
  • US indices finished yesterday's trading significantly higher. S&P 500 gained 0.82%, Dow Jones added 0.80%, Nasdaq moved 0.55% higher and Russell 2000 finished 0.36% higher

  • Upbeat moods could have also been spotted during the Asian trading hours. S&P/ASX 200, Kospi and indies from China gained while Nikkei moved lower

  • DAX futures point to a slightly higher opening of the European session

  • United States sent naval vessel to monitor hijacked tanker off the United Arab Emirates cost

  • NZD rallies following release of solid New Zealand jobs data for Q2 2021. Employment increased 1% QoQ (exp. 0.7% QoQ) while the unemployment rate dropped from 4.7% to 4.0% (exp. 4.5%)

  • Australian retail sales data for June showed a 1.8% MoM drop, in-line with flash release

  • API report pointed to a 0.88 million barrel drop in oil inventories (exp. -2.0 mb)

  • Chinese Caixin services PMI jumped from 50.3 to 54.9 in July (exp. 50.6)

  • Bitcoin trades in the $38,000 area

  • Precious metals inch higher, oil pulls back and industrial metals trade mixed

  • NZD is the best performing major currency while CHF and USD lag the most

NZDUSD rallied today following the release of solid jobs data. The pair jumped above the 0.7020 resistance zone and continued to move higher until it reached the 38.2% retracement of the downward move started in May (0.7050 area). Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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