DAILY ANALYSIS 2 september 2022

• US indices finished yesterday’s session in mixed moods. S&P 500 jumped 0.30%, Dow Jones moved 0.46% higher while Nasdaq fell 0.26%. Russell 2000 plunged 1.61%
• Indices from Asia-Pacific traded mixed as well. S & P / ASX 200 fell 0.10%,  Nikkei lost 0.06% while Kospi rose 0.30%. Indices from China struggle to find common direction.
• DAX futures point to a lower opening of the European cash session
•  Chinese city of Chengdu with population over 21 million implemented lockdown
• Fed’s Bostic believes that the central bank must slow down the economy
• US State Department said that Iran’s response to nuclear deal ‘not constructive’
• Given recent weakness of the yen, Japan minister of finance Suzuki announced that will take action on Forex market if necessary
• Goldman Sachs expects 75bp rate hike from ECB next week
• Cryptocurrencies are trading slightly higher. Bitcoin rose 0.4% and Ethereum added 0.50%
• Oil is trading higher. WTI trades above $88.00 per barrel, while Brent is approaching $ 93.80 mark
• Precious metals rebounded after the recent sell-off. Gold rose 0.30%, while silver jumped 0.4%
• EUR and CHF are the best performing major currencies while NZD and AUD lag the most
• 

USDJPY pair jumped above 140.00, its highest level since September 1998 despite several hawkish comments from Japanese officials.