Read this before you start trading today!
US indices finished yesterday’s trading lower. S&P 500 dropped 1.31%, Nasdaq slumped 2.7% and Dow Jones declined 0.39%
Declines were also spotted during the Asian session. Nikkei dropped 2.1%, S&P/ASX 200 declined 0.8% and Kospi moved 1.3% lower. Indices from China traded over 2% lower
DAX futures point to a lower opening of the European session
Yields started to rise once again after a short pause
RBNZ Governor Orr said that global central banks are aiming to overshoot inflation targets
Fed Evans said that he does not think FOMC will need to make changes to duration of bond purchases
Australian trade balance showed A$10.142 billion surplus for January, the biggest surplus on record (exp. A$6.85 billion)
United States issues a warning on Microsoft’s email software saying that a group of Chinese hackers has targeted popular service
Bitcoin trades slightly above $49,000 mark
Oil and precious metals trade higher
AUD and NZD are top performing major currencies while JPY and EUR are top laggards
US tech stocks took the biggest hit yesterday. Downward move continues today and US100 is attempting to break below the lower limit of a large Overbalance structure at 12,600 pts. The next support zone can be found at 50% retracement (12,280 pts area).