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Markets are concerned about the delay in US stimulus and the dollar is strengthening, the focus is on consumer confidence

This is what you need to know to trade today Tuesday, January 26.

Markets are on the defensive amid concerns about delayed US stimulus and as tensions rise ahead of the Fed. Investors are taking in encouraging news about the Moderna and Israel vaccines and expect further developments.

President Joe Biden has said he is prepared to negotiate his stimulus deal proposed $ 1.9 trillion, and the markets have seen this as a possible delay and downsizing. The Senate approved the nomination of Janet Yellen as Secretary of the Treasury.

Speculation is increasing before Wednesday’s Federal Reserve decision. The central bank is likely to indicate that withdrawing the stimulus is not on the table. The Conference Board Consumer Confidence Indicator will be released later in the day.

He GBP/USD it remains around 1.3650 before the jobs report. The number of coronavirus cases in the UK continues to decline from highs as the country continues to vaccinate at a rapid pace.

See: UK Jobs Report Preview: Another Positive Surprise? GBP / USD could get a new boost

The Italian Prime Minister, Giuseppe Conte, will resign from office in a “tactical move” before rebuilding a government. The political crisis has been slightly affecting the EUR/USD.

EU officials are frustrated with AstraZeneca delivery delays, ahead of the vaccine’s planned approval on Friday. The British pharmacist refuted a story in the German press suggesting that its solution is ineffective with older people.

Moderna announced that its vaccine works against the South African strain and he’s working on a booster shot. Maccabi, one of Israel’s health management operators, proved that Pfizer’s vaccine works well. Johnson & Johnson is ready to report the final results of its phase 3 trial for a single-dose vaccine during the week.

Bitcoin is on the defensive, trading below $ 32,000. JP Morgan told its clients that the granddaddy of cryptocurrencies could suffer a “liquidity shock” related to problems with Tether.

See: Bitcoin Forecast 2021: BTC / USD Hits New Horizons, Aiming Toward $ 100,000

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