This is what you need to know today Tuesday, February 9:
The markets are fascinated by Tesla’s investment in Bitcoin, which has sent BTC / USD to $ 48,000. The dollar is on the decline along with yields and a risk-appetite mood as speculation on the US fiscal stimulus continues. News on vaccines and various economic indicators are in the spotlight.
Tesla, the world’s leading electric vehicle maker, has pushed Bitcoin above $ 48,000 after announcing a 1.5 billion investment in the cryptocurrency. The Elon Musk’s company will also accept BTC Under some conditions. The founding billionaire has also been promoting Dogecoin in recent weeks. Some speculate that other large companies will follow Tesla’s lead.
The US bonds have attracted new interest after having previously fallen, and the consequent drop in yields has been weighing on the dollar. The dollar has somewhat returned to its safe-haven state and optimism, as seen by the new all-time highs for US stocks, is pushing the global reserve currency lower. EUR / USD has advanced towards 1.21 and GBP / USD is approaching 1.38.
Stimulus: US President Joe Biden and Democrats continue to discuss the details of a tax relief plan they plan to pass later in February. Moderates and liberals in the ruling party are at odds over the $ 1,400 checks for Americans, which is proving to be a sticking point.
Political attention is expected to focus on the impeachment of former President Donald Trump, which begins Tuesday, but investors are watching the final price of the stimulus boost, which may reach $ 1.9 trillion. Earlier in the month, the dollar surged in response to the prospect of higher spending.
The oro It has been taking advantage of the growing stimulus outlook and is changing hands around $ 1,840. Silver, a temporary favorite of retailers on Reddit, is lagging behind.
Covid: The EU is making a new vaccination push after receiving doses of AstraZeneca. However, the doses from the Anglo-Swedish firm have not been shown to be efficient against the South African variant of the coronavirus. The United Kingdom and the United States continue to push for immunization with full force.
The oil prices continue their upward march, with WTI crude topping $ 58, a day after Brent broke the $ 60 mark. Expectations of stronger demand are driving “black gold”.
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