This is what you need to know to trade today Monday, February 15:
The market mood is positive amid optimism about the upcoming US stimulus and good vaccine development, evidenced by the rise in oil above $ 60. Bitcoin has retreated from close to $ 50,000, while holidays in the US and China cause lower volume.
US stimulus: The US Senate acquitted former President Donald Trump in his impeachment after failing to achieve a two-thirds majority. The end of the procedure clears the way to a greater relief package against the coronavirus. President Joe Biden is working with moderate Democrats on a bill worth up to $ 1.9 trillion.
Vaccine: A large-scale study in Israel has shown that Pfizer’s vaccine causes a 94% drop in symptomatic illness from COVID-19. The research compared 600,000 people who received two doses of the vaccine with a group of the same size that did not receive them and controlled for several factors.
WTI crude oil has exceeded $ 60, joining Brent to beat this round number. Hopes for a rapid global recovery and production cuts enacted earlier in the year are driving black gold higher.
UKBritain reached the milestone of vaccinating 15 million people on February 15, reaching priority groups in most places. Prime Minister Boris Johnson is under increasing pressure to ease restrictions ahead of his February 22 speech on the issue. GBP / USD hit a fresh 34-month high at 1.39.
Mario Draghi he has become Prime Minister of Italy after receiving wide support from almost all political parties. His appointment increased confidence in the third-largest economy in the eurozone. The EUR / USD is trading above 1.2 pending the industrial production figures of the old continent.
The Bitcoin is changing hands at around $ 47,000, down from the highs reached at $ 49,700, following reports that Morgan Stanley’s investment arm is exploring betting on the granddaddy of cryptocurrencies. Tesla founder Elon Musk continued to promote Dogecoin.
The Japan’s economy grew 3% in the fourth quarter of 2020, exceeding expectations and putting the world’s third-largest economy in better shape. It is unclear if the Olympics will be held in Tokyo in July. USD / JPY is around 105.
New Zealand placed Auckland in a three-day lockdown and the rest of the country under restrictions after a family of three tested positive for COVID. The NZD / USD is ignoring the news and climbing.
The US stock markets are closed Monday for Presidents’ Day, while China and several other Asian countries extend their New Year holidays.
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