Equities as well as bonds are trading lower this morning, with renewed tensions between the US and China over an alleged spy balloon and US payrolls and the latest ISM report threatening the common narrative of US interest rates peaking. However, from a technical perspective, US stock markets are showing plenty of positive momentum, as our Head of Technical Analysis Mensur Pocinci explains. The Japanese yen is under pressure following the rumoured appointment of Masayoshi Amamiya, one of the architects of the Japanese ultra-easy monetary policy, as Chairman of the Bank of Japan.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)04:00 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)06:01 Closing remarks by Roman Canziani (Head of Investment Writing)