- US indices finished yesterday's session higher. S&P 500 gained 0.95%, Dow Jones rose 0.64 and Nasdaq added 1.62%
- Indices from the Asia-Pacific region traded higher today. Nikkei gained 1.15%, S&P/ASX 200 added 0.33% and Kospi jumped 1.93%. Indices from China traded 0.5-1.75% higher.
- DAX futures point to higher opening of the European cash session
- Goldman Sachs is waiting for the US NFP to buy yen
- Japan services PPI 1.8% y/y (prior 1.7%)
- Japan CPI data for May: Headline 2.5% y/y (expected 2.9%)
- According to ANZ "traffic data in China suggests demand is improving"
- EIA announced that update on weekly DOE oil inventories report will be published on Monday
- Brent and WTI trade slightly above the flat line.
- Cryptocurrencies trade higher on Friday morning. Bitcoin approaches $21,000 and Ethereum managed to return above $1100
- Precious metals trade mixed - gold a drop while silver and platinum gain
- NZD and AUD are the best performing major currencies while USD and CHF lag the most
GOLD is testing a major support zone in the $1823 area. If sellers manage to break below the upward trendline, downward move may accelerate towards next support at $1760, which coincides with 78.6% Fibonacci retracement of the upward wave launched in March 2021. Source: xStation5
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