westpac saying the currency has a new major driver and that is reflation.moved more in tandem with the reflation trade and materials sector rather than its traditional commodity links. shery. shery: oil also showing signs of short-term overheating in both brent and wti, but make no doubt, upward momentum is strong. this chart showing that the 14 day relative strength index for brent's topping 70 for the third time in three weeks. haidi, technicals in this chart also showing that wti is overheating in the short-term. analysts remain bullish here it over the past year, it has crossed the level nine times but rose an average of 3.8% in the next 20 days. let's turn to bitcoin as well, holding steady after tumbling at the start of the week, following a fleeting recovery over the weekend, but more trouble could be ahead. a study of recent ups and downs suggesting that another crypto slump is approaching. let's bring in our mliv editor, garfield reynolds. great to have you with us. what are you looking at? garfield: as you point out, this key difficulty that bitco

cba and westpac will expect to be next. in may talked about the strength of the australian economic recovery from the pandemic and that is what this payout is about. shery: we have nomura's first-quarter earnings. what are the expectations? nabila: it is expected to have a loss related to archegos. the japanese bank could returned to profit this quarter despite that. that will be because of the strength of its retail business so japanese and u.s. equity markets have done really well this quarter. it's asset management expected to be steady and the cost base is relatively low and stable as well. they fall in seven spots in m&a global league tables since this time last year. shery: nebula ahmed. -- nabila ahmed. aftershocks from archegos are rippling through the business. profits plunging on a slump in trading that was exacerbated by a $653 million loss related to the implosion of the u.s. family office. the ceo, thomas, now promising no more archegos tide bearers. >> we are absolutely doing this strategic review together wit

when it comes to the rbnz, westpac bringing forward its tightening, expecting rate hikes.radual tightening. haidi: more and more voices bringing that date forward. we get more markets insight ahead of global asset allocation. the market opens in sydney, seoul, and tokyo, next. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just