As announced by the Danish health authority
The rollout and use of the AstraZeneca vaccine is halted temporarily in the country amid concerns that it is leading to increased risks of blood clots.

Latest data from the Mortgage Bankers Association for the week ending 5 March 2021
Once again, amid the recent surge higher in yields/rates, it could dampen mortgage activity after the more robust recovery seen during the immediate period of the pandemic.

The market continues to keep more tentative so far today
10-year yields are up 3.7 bps to 1.563% currently, near the highs for the day as all eyes will be on the auction later in the day at 1800 GMT.

That puts it on track for the highest open since 1 February
As much as the rebound in tech yesterday was impressive, GME is doing its thing again as it shoots higher in pre-market trading once more today.

The dollar is staying little changed as the overall market mood is tentative
EUR/USD is trading back to flat levels now at 1.1900 after having eased lower to 1.1870 earlier at the start of the session. Of note, price is still keeping just below its 100-hour moving average (red line) @ 1.1911 so sellers are still

The market isn’t chasing a clear theme to start the day
With US February CPI data and the 10-year Treasury auction to follow later in the day, it is panning out to be a bit of a snoozefest here in Europe.

10-year Treasury yields are down by nearly 7 bps to 1.521%
The drop sees 10-year yields fall to their lowest since last Thursday, backing off from a test of 1.60% yesterday. The retreat in yields is keeping risk assets more buoyed with European indices holding modest gains now as US futures keep higher.

AUD/USD moves up to test its 100-hour moving average
Of note, the pair is testing resistance from its 100-hour moving average (red line) @ 0.7715, trendline resistance @ 0.7704 and the 23.6 retracement level @ 0.7713.

Latest data released by NFIB – 9 March 2021

OECD presents their latest economic forecasts, outlook
The organisation also raises its 2022 global GDP growth forecast to 4.0% from 3.7% previously in December. The latest outlook projects a significant boost to the US and global economy, helped by Biden’s $1.9 trillion stimulus package.