Read this before you start trading today!

  • US indices finished yesterday’s trading higher. Dow Jones gained 0.70%, S&P 500 added 0.27%, Russell 2000 moved 0.49% higher while Nasdaq dropped 0.48%

  • S&P/ASX 200 gained 0.5% while Kospi moved 0.1% higher. Stock exchanges in Japan and China were closed for holiday

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

  • Reserve Bank of Australia left interest rates unchanged. RBA said it will discuss future bond purchases at its meeting in July. RBA said that increase in inflation is likely to be gradual and modest

  • Fed Chair Powell repeated his recent message during yesterday’s speech – economy is improving but risks and uncertainty remain

  • United Kingdom and India have reached a trade agreement that is worth around 1 billion GBP and includes investments as well as exports agreements

  • South Korean CPI inflation accelerated from 1.5% YoY in March to 2.3% YoY in April. This is the highest reading since August 2017

  • Bitcoin dropped during the Asian trading hours and now trades slightly above $55,000 mark

  • Precious metals and oil trade lower. Industrial metals gain while agricultural commodities trade mixed

  • CAD and USD are the best performing major currencies while CHF and NZD lag the most

USDCHF is one of the best performing major currency pairs today. Pair is trying to generate an upward impulse following a test of the 200-session moving average. However, the pair still trades within a downtrend as the early-2021 jump exactly matched the size of the previous upward correction.