US indices finished yesterday’s session higher. S&P 500 jumped 0.40%, Dow Jones moved 0.45% higher while Nasdaq surged 0.62%. Russell 2000 added 0.19%
Indices from Asia-Pacific traded mostly higher today. S&P/ASX 200 rose 0.48% while Kospi jumped 0.22%. Indices from China traded higher. Nikkei fell 0.05%

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

PBOC considering buying bonds and loans of troubled developers and indicates more policy stimulus needed which lead to weakening of yuan

Standard Chartered lowered their China GDP forecasts and expect another 10bp rate cut

RBA minutes showed that the board expects to take further steps in the process of normalizing monetary conditions over the months ahead, but it is not on a pre-set path.

Iran has responded to the EU’s draft nuclear deal, and anticipates a response from the other side within the next two days, according to ISNA

Cryptocurrencies are trading lower today. Bitcoin fell 0.8% and Ethereum dropped over 2.0%

Oil is trading slightly higher. WTI trades near $94.10 per barrel while Brent is testing $88.70 mark

Mixed moods prevail on the precious metals market. Gold trades 0.30% higher while silver dropped 0.50%

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

US500 managed to break above the major resistance zone around 4190 pts last week and is currently testing 200 SMA (red line). Nevertheless as long as the index sits below the downward trendline sentiment remains bearish

  • US indices finished yesterday’s session mixed. S&P 500 fell 0.07%, Dow Jones rose 0.08% while Nasdaq lost 0.58%. Russell 2000 added 0.31%
  • Similar moods prevailed during the Asia session. Nikkei surged 2.38%, S&P/ASX 200 fell 0.68% while Kospi rose 0.15%. Indices from China struggle to find common direction.
  • DAX futures point to a higher opening of the European cash session
  • Fed’s Daly said that base case is 50 bp rate hike in September, however central bank is open to 75 bp hike
  • IEA raised its outlook for 2022 oil demand by 380,000 bpd
  • Goldman Sachs expects that oil price will reach $130.00 level by year end
  • AUDUSD pair is “likely to falter back to the 0.68-0.69 area” according to Westpac
  • Cryptocurrencies are trading slightly lower today. Bitcoin fell 1.0% and Ethereum fell 0.8%
  • Oil is trading 0.60% lower. WTI fell below $94.00 per barrel while Brent is testing $99.00 mark
  • Upbeat moods prevail on the precious metals market. Gold trades 0.17% higher and silver jumped 0.80%
  • NZD and AUD are the best performing major currencies while JPY and CHF lag the mostJAP225 – Japanese index jumped over 1.5% in post-holiday trade on Friday and is currently testing key resistance at 28400 pt,s which is marked with previous price reactions and upper limit of the ascending channel.