FXCentrum – Forex Broker

Latest updates:

– Indices from Asia-Pacific traded mostly higher at the beginning of a new week. Nikkei and S&P/ASX 200 traded 0.1% higher, Kospi added 0.2% and Nifty 50 dropped 0.1%. Indices from China traded up to 2% higher
– DAX futures point to a higher opening of the European cash session today
– US index futures trade little change compared to Friday’s cash closing prices
– US and Canadian traders are off for holidays today so liquidity conditions in the afternoon may be thinner
– US Secretary of State Blinken said that US has information suggesting that China is considering providing Russia with ammunition and lethal weapons for war in Ukraine
– Bloomberg reports that meeting between Blinken and his Chinese counterpart Wang Yi over the weekend was rocky and far from encouraging
– People’s Bank of China left 1- and 5-year prime lending rates unchanged at 3.65 and 4.30%, respectively. Decision was in-line with expectations
– According to Reuters report, People’s Bank of China has reportedly asked domestic bank to slow issuance of loans this month
– North Korea fired two ballistic missiles today. UN Security Council will convene at 8:00 pm GMT today to discuss the situation
– Cryptocurrencies are trading mixed today with major coins experiencing rather small moves. Bitcoin drops 0.2%, Ethereum trades 0.3% higher and Dogecoin adds 0.4%
– Energy commodities trade mixed – oil gains 0.8-0.9% while natural gas pulls back around 2%
– Precious metals benefit from USD weakening at the beginning of a new week – gold and silver gain around 0.1% each while platinum adds almost 0.5%
– AUD and JPY are the best performing major currencies while CHF, EUR and USD lag the most

NZDUSD bounced off the 0.62 support zone last week but failed to launch a major recovery move. There is a lot of uncertainty around NZD as RBNZ is set to announce rate decision this week (Wednesday, 1:00 am GMT) and some see a chance for rate hike cycle pause amid recent floods and cyclone hit. Source: xStation5

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