- Indices from Wall Street finished yesterday's trading mixed. S&P 500 rose 0.34%, Dow Jones moved 0.30% higher while Russell 2000 slumped 0.70%. Nasdaq gained 0.01%
- Stocks in Asia trade mixed. Nikkei, Kospi and indices from China dropped while S&P/ASX 200 gained
- DAX futures point to a lower opening of the European cash session
- RBA Governor Lowe repeats the Bank expects it'll be 2024 before inflation is in the target range
- RBA Gov. Lowe says QE is likely to be needed in future business cycles, but there limits
- South Korea reported record number of 1,275 new infections
- Australia's New South Wales reported 38 new infections, which is the biggest daily rise in COVID-19 cases for 2021
- China's State Council promises increased support for the real economy, flags potential for RRR ( Reserve Ratio Requirement) cuts
- The massive explosion in Dubai was a natural accident says an official
- API report showed a large draw in crude oil inventory
- Oil and precious metals trade lower
- Bitcoin fell overnight and trades slightly above $ 33,000 mark
- USD and JPY are the best performing major currencies while CAD and AUD lag the most
USDJPY pair broke below the long term upward trendline and if current sentiment prevails, downward move may accelerate towards support at 110.00 which coincides with the 50 SMA ( green line). Source: xStation5
