Spinning spider

US markets held their breath overnight and Wall Street relaxed a bit after the crazy Monday session. Rotation was the theme of the day, and yesterday's lucky buyer was the European Union, where markets hit the author after yesterday's note. After bringing US markets closer to record levels, investors received news that the EU expects 70% of the population to enter the euro-saving game at the end of July. This caused the French and German markets to register close to a sharp rise of the euro against the dollar. Despite the high performance of the US JOLTS vacancies in February, US interest rates fell overnight, falling to about 7.40 million jobs. Looking at the background of the dynamics of the past 12 months, with impressions from ISM and non-farm services and PMI vaccines added over the past few days for all adult Americans from mid-April, Americans are ready to pedal. on metal. It is hard to imagine that, despite the daily rotation, this will be fully "taken into account" by the markets and will not stabilize until US interest rates recover. The US dollar's weakness may therefore only be temporary. But this week, the rotating global incentive agency has reaffirmed its control and I will not fight them. It's a relatively quiet day on the data front for Asia and will be pleased to attend the European rescue rotary party that refused to participate in Wall Street's crazy Monday frenzy. Australian market services PMI followed better, rising to 55.5. With the RBA on hold and still ultra moderate yesterday, happy country data shoots are expected to continue to come. This is expected to return the Australian and New Zealand dollars after being lifted overnight as a sign of global risk, with the imminent onset of the long-awaited travel bubble between Australia and New Zealand. Asia Highlight, Bank of India's latest interest rate decision this afternoon Read more

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