Read this before you start trading today!

  • US indices finished Friday’s session mostly higher. S&P 500 rose 0.08%, Dow Jones added 0.19% while Nasdaq gained 0.09%. Russell 2000 fell 0.21%
  • Stocks in Asia traded mixed today. Nikkei fell 1.21%, S&P/ASX 200 lost 0.21% and Kospi rose 0.25%. Indices from China struggled to find common direction
  • DAX futures point to a lower opening of the European session
  • Bank holidays in UK and US
  • UK to abandon COVID-19 vaccine passport plans, according to the Telegraph
  • New Zealand Trade Minister O’Connor will support Australia in trade dispute with China
  • China regulator says will continue to further tighten supervision on market manipulation
  • Chairman of the SNB Jordan says the CHF remains highly valued
  • Ex-PBOC official said central bank will react because the rapid appreciation of yuan is unacceptable
  • Vietnam has reportedly found a new COVID-19 variant
  • Australia – Melbourne Institute monthly CPI inflation for May -0.2% m/m (previous 0.4%)
  • NZ May Business confidence 1.8 (previous -2) 
  • China official PMIs for May, manufacturing 51.0 (expected 51.1)
  • Japan Retail sales for April +12% y/y
  • Japan Industrial Production for April +2.5% m/m (expected +3.9%)
  • Bitcoin trades around  34,400 USD, Ethereum fell below 2,350 USD
  • EUR and GBP are the best performing major currencies while JPY and CHF lag the most

EURUSD pair launched today’s session slightly higher and is currently testing the lower limit of the ascending channel. If the current sentiment prevails, the nearest resistance lies at 1.2290.