Read this before you start trading today!

  • US indices finished yesterday’s trading higher. S&P 500 gained 0.65%, Dow Jones added 0.53% and Nasdaq jumped 1.05%. Russell 2000 gained 0.31%

  • Upbeat moods dominated during the Asian session as well. Nikkei gained 0.5%, S&P/ASX 200 added 0.8%, Kospi traded 0.7% higher and indices from China advanced

  • DAX futures point to a slightly higher opening of the European session

  • Italy, France and Germany suspended use of AstraZeneca vaccine due to side effects. On the other hand, Thailand reversed decision to suspend the vaccine while Canada is about to approve AstraZeneca product for those above 65 years old

  • According to Australian media, United States will not improve its relationship with China until Asian country stops economic harassment of Australia

  • RBA Minutes showed that the Bank expects no rate hike until at least 2024

  • Japan will make a decision on Thursday whether to lift state of emergency or not

  • BoJ Governor Kuroda said that there is no need to change the yield curve control framework. He also reminded that asset prices are not a part of BoJ mandate

  • Bitcoin dropped below $55,000

  • Agricultural goods and precious metals gain. Oil trades lower

  • AUD and CHF are the best performing major currencies while GBP and NZD lag the most

EURUSD has managed to recover slightly last week but declines were resumed this week. Main currency pair is testing a support zone at 1.1900, that is being strengthened by the 200-session moving average (purple line).