This is what you need to know to trade today Monday, April 19:
Markets have started the new week on a mixed note as US Treasury yields remain under pressure despite upbeat US data. Cryptocurrencies are trying to rally after a crash during weekend. The focus is on increasing global covid cases and advancing vaccination efforts.
Mixed markets: Asian stocks and US futures are flat after closing significantly higher last week. Yields on US 10-year bonds remain below 1.60%, which helps equities.
The cryptocurrencies They have been trying to recover after collapsing over the weekend. Bitcoin is trading around $ 57,000 after falling below $ 52,000 on Sunday and approaching $ 65,000 last week. Ethereum and XRP are mimicking the movements of BTC, while Dogecoin stands out with quick gains. The sharp moves come after Coinbase, one of the world’s largest digital asset exchanges, went public on Wall Street.
The EUR/USD it is trading below 1.20 as political uncertainty persists in Germany’s ruling CDU party and as more vaccines reach the population. The European Central Bank’s rate decision will be released on Thursday.
The GBP/USD it is holding on to gains around 1.3850, while almost half of the UK population has received at least one vaccine. The oro it has maintained its gains, benefiting from low US yields, with XAU / USD above $ 1,770.
USA It has reached 40% of its population with one dose, while the vaccine is now offered to all Americans, but COVID-19 cases continue to rise in several states. The reopening boosted economic activity as seen in the 9.8% jump in retail sales in March and a sharp drop in jobless claims to 576,000.
On the other hand, global coronavirus cases continue to rise, reaching new records above five million per week. India is among the countries experiencing a sharp increase.
On ChinaHuarong, a troubled asset manager, has paid off a large debt in bonds, alleviating concerns that were circulating in recent weeks. The world’s second-largest economy grew at a rapid annual rate in the first quarter of this year, but the expansion in industrial production was a bit disappointing.
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