This is what you need to know to trade today Tuesday, January 12:
He American dollar it is backing up from the highs and markets have stabilized after Monday’s risk aversion. US bond yields remain high ahead of Brainard’s speech from the Fed. Coronavirus statistics remain dire, but vaccines in the UK have surged. Cryptocurrencies are rebounding after a sharp drop on Monday.
Ten-year yields on US Treasuries They have stabilized around 1.15% after continuing their climb on Monday. The relative calm allows the dollar to retreat. Raphael Bostic, chairman of the Atlanta branch of the Federal Reserve, does not appear to support phasing out bond purchases, but seems optimistic about the economy. Lael Brainard, governor of the Fed, speaks later in the day and may rock the markets.
Cases of coronavirusHospitalizations and deaths remain high on both sides of the Atlantic in the wake of the Christmas season. London and Los Angeles are the current epicenters, but the numbers are also going in the wrong direction in Japan.
He UK has increased its vaccination capacity and has already administered the vaccine to about 4% of the population. In absolute terms, vaccination in Great Britain outperforms all of continental Europe combined. Israel, the world leader with 21%, has yet to see the fruits of the immunization campaign, with COVID-19 infections reaching a new record.
Pfizer and BioNTech are poised to increase production of their vaccines, targeting two billion doses by the end of the year.
See: Coronavirus: Statistics, herd immunity, vaccination schedule and impact on financial and currency markets
Politics in the United States: The U.S. House of Representatives is ready to pass a token petition to Vice President Mike Pence to remove President Donald Trump from office using the 25th Amendment. The two men met on Monday for the first time since last week’s riots and, according to news reports, they agreed to work together until their term expires on January 20. Democrats will proceed to impeach Trump on Wednesday.
Investors are ignoring the historical drama and focus on President-elect Joe Biden’s stimulus plans. Gold has recovered, surpassing the $ 1,850 level.
The US JOLTs job vacancies for November and the IBD / TIPP Economic Optimism Index are on Tuesday’s economic calendar.
He Bitcoin It has recovered to the $ 36,000 level after falling below $ 31,000, and other cryptocurrencies continue to experience high volatility. Ethreum is trading above $ 1,100 and Ripple’s XRP is hovering around $ 0.30.
See: Bitcoin Forecast 2021: BTC / USD Hits New Horizons, Aiming Toward $ 100,000
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