CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% 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 (22.07.2021)

05:50 22 July 2021
  • US indices finished yesterday's trading higher. S&P 500 gained 0.82%, Dow Jones added 0.83% and Nasdaq moved 0.92% higher. Russell 2000 rallied 1.81%

  • Stocks in Asia trade higher as well. S&P/ASX 200 added 0.9%, Kospi moved 1% higher and indices from China gained around 0.2%. Traders from Japan were off for holiday

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

  • US Senate voted against starting debate on bipartisan infrastructure bill

  • Fitch affirmed South Korea's rating at "AA-" with a stable outlook. Rating agency also expects Bank of Korea to deliver 25 basis points rate hike in the second half of 2021 and two 25 basis points rate hikes in 2022

  • According to preliminary data, Australian exports increased 8% YoY in June while imports were 8% YOoY higher as well. A record surplus of A$13.3 billion was recorded

  • 1 terabyte of data from Saudi Aramco was stolen by hackers. According to Associated Press, a $50 million ransom demand was made for deleting data

  • Bitcoin trades slightly below $32,000 mark

  • Precious metals and oil trade lower. Industrial metals trade mixed

  • AUD and JPY are the best performing major currencies while CAD and NZD lag the most

NZDJPY is one of the worst performing FX pair today. The pair has failed to deliver a break above the 200-session moving average and a pullback can be observed today. 75.60 area is a key support to watch as breaking below would paint a lower low an hint at continuation of downtrend. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 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. XTB 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.

Back
Xtb logo

Join over 935 000 investors from around the world