CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. See our full Risk Disclosure and Terms of Business for further details.

Search LOGIN

S&P has best day since June


•    Stocks surge, S&P 500 has best day since June
•    Apple stock jumps 5% in tech resurgence 
•    Meme stocks including GameStop and AMC jump
•    Bitcoin jumps 8% to reach back over $49,000
•    WTI crude oil slides back to $60 handle
•    Gold drops slightly but silver holds firm as dollar holds gains
•    ISM manufacturing easily tops estimates, 60.8 vs 58.6 expected
•    Goldman Sachs restarts is ‘crypto trading desk’
•    Former French President Sarkozy sentenced to prison found guilty of corruption, 
•    Zoom Video smashed earnings expectations, stock soars afterhours
•    US vaccinates more than 50 million people
•    DAY AHEAD: RBA rate decision, EZ GDP, Canada GDP


Nikkei 225 – Daily Candlesticks


Source: GKFX / MT4 (March 2, 2021)

The Nikkei 225 index has rallied back strongly from the low reached on Friday and is within touching distance of potential resistance at 30,000 and a declining trendline connecting the peaks of the last 2 weeks. A break of the resistance could mark the end of the correction from multi-year highs.



“You don’t build a business, you build people, then people build the business.” - Zig Ziglar


*Daily closing price
↘ EUR/USD    1.2049        (-0.34%)
↘ GBP/USD    1.3925        (-0.34%)
↗ USD/JPY    106.71        (+0.22%)
↗ S&P 500    3901.82    (+2.38%)
↗ Nikkei 225    29,663.50    (+2.41%)
↘ Gold        1724.99    (-0.82%)
↘ Oil (Brent)    63.32        (-4.25%)
↗ Bitcoin    48,696        (+7.50%)



A huge relief rally catapulted international stock markets higher. The S&P 500 gained over 2% for its best day since June, the Nasdaq gained 3% thanks to a 5% jump in Apple stock with the Nikkei in Japan also rising 2%. The continued decline in bond yields from their Thursday spike peak enabled traders to buy the dip after fretting that higher interest rates would end the bull market for stocks.

Oil prices were under pressure after a slowdown in official Chinese manufacturing data slowed more than expected. There are concerns oil demand from China will slow in the coming months after huge reserve-buying at lower prices. The OPEC+ meeting on Thursday also has traders taking profits before a possible risk-event after a big 20% gain in February.

Bitcoin rallied 8%, spurred on by a bullish 105-page research report from Citigroup that argued the cryptocurrency is at a tipping point and could become the world’s major trading currency. 



*Times in GMT
03:30 – RBA Interest Rate Decision [0.1 % Exp vs. 0.1 % Prev]
07:00 – Germany Retail Sales (YoY)(Jan) [1.2 % Exp vs. 1.5 % Prev]
10:00 – Eurozone Consumer Price Index (YoY)(Feb) PREL [1 % Exp vs. 0.9 % Prev]
13:30 – Canada Gross Domestic Product Annualized (QoQ)(Q4) [7.2 % Exp vs. 40.5 % Prev]
18:00 - Fed's Brainard speech