Macro Afternoon

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Asian share markets are getting more bullish after their lacklustre start to the trading week yesterday with risk expectations rising on stimulus hopes from the US and probable much higher Treasury yields. The USD is largely unchanged against the majors while Bitcoin slumped to the low $53K level after recently jumping to a new record high above the $60K level, with the usual epic volatility:

The Shanghai Composite is up over 0.6% going into the close, currently at 3440 points while the Hang Seng Index is doing the same, following along and up 0.6% to 29001 points. Japanese markets are putting in more modest results, with the Nikkei 225 closing 0.4% higher to 29894 points while the very supportive USDJPY pair continues to slide slightly higher, still climbing above the 109 handle and almost making a new weekly high:

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The ASX200 is putting on the best gains, finishing 0.8% higher at 6827points while the Australian dollar is struggling to gain momentum again, as it fails to make any new session high since starting the trading week:

Eurostoxx and S&P futures although NASDAQ futures look a bit better, with the four hourly chart of the S&P500 showing price wanting to surpass the previous record highs, burst higher and hit that magical 4000 point level as momentum picksup:

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The economic calendar will continue to revolve around the latest FOMC meeting this week, with the latest German ZEW Survey this evening, followed by very important US retail sales data for February.