Home Article Market News The Important Things That You Should Know On 23/02/2021

The Important Things That You Should Know On 23/02/2021

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1️⃣ The market mood is improving with a rise in S&P 500 futures and US 10-Y Treasury yields declined after hit fresh highs.

2️⃣ Commodity currencies have benefitted from the positive risk tone, with AUD/USD traded above 0.79, NZD/USD above 0.73, while USD/CAD dropped below 1.26.

3️⃣ Oil prices rallied, with WTI crude oil are trading above $62 despite a recovery in US oil output, following the “deep freeze” storm.

4️⃣ Gold traded steadied above $1,800 amid dollar weakness.

5️⃣ Bitcoin dropped sharply on Monday and now trading below $50,000 amid a significant liquidation.

6️⃣ A new study in the UK has shown that a single Pfizer/BioNTech dose provides sufficient protection from infections.

7️⃣ UK Prime Minister Boris Johnson outlined his re-opening strategy, which is very conservative – a five-week delay in phases. The goal is to prevent another lockout, making this easing permanent.

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