This is what you need to know to stop trading today Tuesday, January 12 during the Asian session:
He dollar it extended its gains against most major currencies during the early part of the day, but gave up some ground before the Wall Street close. The US indices recovered a good part of their initial losses, but were unable to make a profit. The latest correlation between stocks and the dollar may end as abruptly as it started.
Yields on US Treasuries rose, extending his latest recovery. The yield on the benchmark 10-year Treasury bond reached 1.14%.
From a fundamental point of view, investors continued to take in bad US employment data and the correlated possibility of additional fiscal stimulus in the country. The next president of the United States, Joe Biden, promised to work on a new stimulus program “worth billions of dollars”.
In the UK, the Prime Minister Boris Johnson warned that the country is in a “very dangerous moment” in the pandemicas an increase in coronavirus cases has put pressure on the healthcare system. The prime minister added that they are now in a “race against time” to curb infections. amid fears the healthcare system will be overwhelmed.
He oro it consolidated its latest decline, ending the day below $ 1,850 per troy ounce. Crude oil prices fell modestly, with the WTI settling at $ 52.00 per barrel.
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