- US indices finished yesterday's trading mixed. S&P 500 fell 0.33%, Dow Jones moved 0.15% higher, Nasdaq dropped 0.70% and Russell 2000 slumped 0.65%
- Mixed moods can be spotted in Asia as well. Nikkei, Kospi and most indices from China moved lower while S&P/ASX 200 gained
- DAX futures point to a slightly higher opening of the European session
- Westpac forecast three rate hikes (+25bps each time) from the RBNZ by the end of 2021
- RBNZ's core inflation measure for Q2 2.2% (prior 2.0%)
- New Zealand CPI Q2 2021 1.3% q/q (expected 0.8%) and 3.3% y/y (. expected 2.8%)
- Japanese finance ministry is considering to increase staff focusing on regulating digital currencies
- BOJ did not make any changes to main policy settings
- Los Angeles will require people to wear masks at all indoor public places
- Fully vaccinated Americans may be allowed to travel to Canada as of mid-August
- JP Morgan sees H2 growth in the US stronger than its ever been
- The US will impose sanctions on seven officials in China over crackdown on democracy in Hong Kong
- US Treasury Secretary Yellen thinks there are several more months of rapid inflation ahead
- Bitcoin trades near $31,800 mark
- Precious metals and oil trade mixed, industrial metals advance
- NZD and JPY are the best performing major currencies while CAD and AUD lag the most
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EURNZD pair fell sharply following the release of New Zealand’s inflation data and is currently testing an upward trendline. Should a break lower occur, then the next target for bears is located at 1.63 and is marked with a lower limit of the 1:1 structure and previous price reactions. On the other hand, if buyers manage to halt declines, then another upward move towards resistance at 1.7240 may be launched. Source: xStation5