Morning wrap (12.11.2021)

• US indices finished yesterday's trading mixed. S&P 500 gained 0.06%, Dow Jones fell 0.44%  and Nasdaq added 0.52%
• Mixed moods prevailed during Asian session. Nikkei rose 1.23%, Kospi gained 1.50% and S & P / ASX 200 traded 0.8% higher. Indices from China struggled to find a common direction. 
• DAX futures point to a slightly lower opening of the European trading session
• President Biden signed legislation to prevent companies like Huawei  that are deemed security threats from receiving new equipment licenses from US regulators.
• Chinese port city of Dalian reports a jump in COVID-19 cases
• PM Johnson does not want to trigger Article 16 regarding dispute with the EU over Northern Ireland, according to UK Times
• Inflation Expectations in Australia increased to 4.6% in November from 3.6% in October
• AMC (AMC.US) announced that it is now accepting Bitcoin, Ethereum, Litecoin
• Precious metals and oil trade slightly lower. Downbeat moods can be spotted on the cryptocurrency market.
• USD and JPY are the best performing major currencies while NZD and CAD lag the most

BITCOIN price pulled back from fresh all-time high at $69,000 and is currently testing local support at $64,700 which coincides with 38.2% Fibonacci retracement of the last upward wave. Source: xStation5