Read this before you start trading today!

  • US indices finished yesterday’s trading mostly lower. S&P 500 dropped 0.09%, Nasdaq declined 0.60% and Russell 2000 moved 2.83% higher. On the other hand, Dow Jones gained 0.30% and finished at record high

  • Moods during the Asian session were mixed – stocks in Japan and Australia moved lower while equities from South Korea and China gained

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

  • Traffic in Suez Canal has been resumed in both directions

  • Saudi Arabia wants to extend current output cuts into May

  • US Transportation Secretary Buttigieg said that gas tax hike is not part of the ongoing infrastructure deal discussions

  • Turkish lira trades lower after President Erdogan fired CBRT Deputy Governor

  • BoJ Governor Kuroda repeated that recent changes to ETF purchase targets does not mean that Bank plans to stop buying ETFs or wants to sell its holdings

  • FTSE Russell will include Chinese government bonds in its FTSE World Government Bond Index, starting from end-October

  • Japanese retail sales dropped 1.5% YoY in February (exp. -2.8% YoY)

  • Bitcoin trades slightly above $57,000

  • Precious metals, agricultural commodities and oil trade lower. Industrial metals trade mostly higher

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

NZDJPY is trading 0.5% higher today and is the best performing pair involving two major currencies. Pair dropped around 4.5% off its post-pandemic high but has found support at 75.60 and started to recover. Resistance zone at 77.25 is being tested at press time.