- US indices finished yesterday's session mostly higher. S&P 500 rose 0.12%, Dow Jones added 0.41% while Nasdaq fell 0.01%. Russell 2000 jumped 1.07%
- Stocks in Asia traded higher today. Nikkei surged 2.17%, S&P/ASX 200 rose 1.25% and Kospi gained 0.92%. Indices from China also moved higher
- DAX futures point to a slightly lower opening of the European session
- BOJ considering extension to its pandemic economic relief scheme
- Goldman Sachs expects Fed to signal taper in Q1 2022 and rate hike 2024
- JPM expects Fed to signal a taper in September 2021and the process will begin in April 2022
- Japan will extend its State of Emergency in Tokyo and other areas to June 20th
- Japan Unemployment rate for April 2.8% (expected 2.7%, previous 2.6%)
- RBNZ Gov. Orr says downside risks to the economy have lessened
- New Zealand - ANZ Consumer Confidence Index for May 114.0 (previous 115.4)
- UK PM Boris Johnson is considering plans for a carbon tax on imports targeting polluting industries
- Bitcoin trades around 37,200 USD, Ethereum fell below 2,650 USD
- JPY and GBP are the best performing major currencies while NZD and CHF lag the most
Yesterday Bitcoin price failed to break above the major resistance at $42,000 which coincides with 200 SMA ( red line) and the 38.2% Fibonacci retracement of the whole upward wave which started back in March 2020. As long as the price sits below the aforementioned resistance, then declines could deepen. Nearest support lies at $34,500 and coincides with 50% Fibonacci retracement. However, should a break above $42000 occur, then the next major resistance lies at $50,000. Source: xStation5.