This is what you need to know to trade today Thursday, January 21 during the Asian session:
Joe Biden he became the 46th president of the United States, in a quiet inaugural ceremony. Wall Street soared to all-time highs when he was sworn in, clinging to gains at the end of the day. Hopes for more stimulus prop up equity markets.
The dollar performed unevenly across the board, as investors eagerly await a catalyst. So far this week, the macroeconomic calendar had little to offer, although the Bank of Canada opened the central bank yearbook.
Canada also reported inflation figures for December, which were mostly disappointing as the Annual CPI resulted in 0.7% versus expectations of 1.0%. However, an unchanged BoC that pledged to keep rates low until inflation hits 2%, supporting the CAD, along with strong equities performance.
UK inflation better than expected It helped GBP / USD to reach fresh multi-month highs above the round 1.3700 level, but the pair later pulled back as the USD appreciated against its European rivals.
In the UK, the Prime Minister Boris Johnson said record coronavirus-related deaths have yet to reach the limit. More deaths are expected due to the spread of the new variant, although infections continue to decline due to the strict blocking measures adopted last December.
He Australian Dollaron the other hand, it surpassed the 0.7700 level against the US dollar, also following the lead of the stock markets and commodities.
He oro it regained its brightness and rose towards the level of $ 1,870 a troy ounce. Crude prices, however, remained within familiar levels, registering modest intraday gains. The barrel of WTI It is trading at around $ 53.30.
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