- US indices finished yesterday's trading higher. S&P 500 rose 0.58%, Dow Jones surged 0.95% while Nasdaq gained 0.69%. Russell 2000 added 1.23%
- Stocks in Asia traded higher today. Nikkei gained 0.69%, S&P/ASX 200 added 0.50% and Kospi rose 0.38%. Indices from China rose also moved higher
- DAX futures point to a slightly higher opening of the European session
- President Biden reached an 1.2 trillion infrastructure deal with a bipartisan group of senators
- Fed's Barkin says the current rise in inflation is clearly due to temporary factors. Hard to know what inflation will do in the medium term
- All big banks pass latest Fed ‘stress tests’
- EU leaders have rejected a summit meeting with Putin
- Bitcoin will become legal tender in El Salvador on September 7
- China's Bitmain halted sales of cryptocurrency mining machines to ease selling pressure
- 7-days lockdown announced for some areas of Sydney
- Bitcoin trades near $34,500
- Precious and industrial metals trade slightly higher. Oil gains and agricultural commodities trade mixed
- AUD and NZD are the best performing major currencies while GBP and JAP lag the most
NZDUSD pair bounced off the major support at 0.6945 on Monday and continues to recover from last week’s dramatic sell off. Currently the pair is approaching the key resistance level at 0.7121 which coincides with a downward trendline, 50 SMA ( green line) and 200 SMA (red line). Source: xStation5
