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In spite of a pick-up in yield, US indices finished yesterday's trading higher. S&P 500 gained 0.84%, Dow Jones moved 1.06% higher, Nasdaq added 1.28% and Russell 2000 jumped 1.63%
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10-year US yield climbed to 1.95%
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Upbeat moods extended into Asian trading with major indices from the region gaining as well. Nikkei and S&P/ASX 200 moved 1.1% higher, Kospi gained 0.8% and indices from China traded 0.8-1.9% higher
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DAX futures point to a higher opening of the European cash session today
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Fed's Daly said she favors rate hike in March but central bank cannot be too aggressive
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BoJ's Nakamura said that conditions for rate higher were not met yet and that hiking before wages begin to grow steadily would be a mistake
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According to Kommersant report, Russia may soon recognize digital assets as currencies
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According to JPMorgan, Bitcoin fair value is around $38,000
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API report pointed to a 2.0 million barrel drop in US oil inventories (exp. +0.7 mb)
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Precious metals trade mixed - gold and silver gain while palladium and platinum drop
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Oil continues pullback with Brent and WTI dropping 0.7% each
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AUD and GBP are the best performing major currencies while CHF and JPY lag the most
US500 bounced off the support zone in the 4,450 pts area, marked with 200-session moving average and previous price reactions. US index is now eyeing a test of the resistance zone ranging above 4,550 pts handle. Source: xStation5