Read this before you start trading today!
S&P 500, Dow Jones and Russell 2000 finished yesterday’s trading at all-time highs gaining 1.04%, 0.58% and 2.31% respectively. Nasdaq rallied 2.52%
Stocks in Asia traded higher as well. Nikkei gained 1.7%, S&P/ASX 200 added 0.8% and Kospi jumped 1.4%. Indices from China traded higher
DAX futures point to a slightly lower opening of the European session
US President Biden signed a $1.9 trillion economic relief bill. Treasury Secretary Yellen said that some Americans may receive $1,400 stimulus check as soon as this weekend
Some rumours surfaced saying that Bank of Japan may drop 6 trillion yen ETF buying target during March policy review
Denmark and Thailand are the latest countries to stop using AstraZeneca vaccines due to blood clot side effects
Biden said he wants all adult Americans to be eligible for vaccine shot at the beginning of May
Coronavirus vaccine from Novovax showed 96% efficacy in the third phase of UK trial
Bitcoin is trading near $57,000, around a $1,000 below its all-time high
Precious metals are trading lower amid USD strength with silver being the worst performer. Declines can also be spotted on the oil market
USD is the best performing major currency today. CHF, NZD and AUD lag the most
S&P 500 made a highest cash close yesterday while S&P 500 futures retested record intraday high. Near-term resistance is the zone ranging below 3,960 (all-time high area) while the next resistance in-line can be found at 127.2% exterior retracement (4,022 pts).