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A world of Trading assets

03/02/2021 Market Chat

Authored by ZanderVanDerMerwe
03.02.2021
Market Commentary
0
1 min

The major talking point yesterday was the major selloff in silver, and GameStop came down crashing almost just as fast as it accelerated. As the current war on Wall Street continues between WallstreetBets and institutions, silver suffered the consequences of the Gamestop selloff putting the bears back in charge.

Biden’s stimulus plan is set to get some resolution as it will take up a vote with the Senate on Thursday as well as the House voting on it this week, with the Democrats not willing to risk a slow process to ease the burden on the economy.

We have OPEC meetings today, keep an eye on Brent and WTI today.

ADP figures are also coming out this afternoon to keep an eye out, it’s expected to be a lot more positive this month in comparison to January, which could give us some sort of an indication of where the NFP might go on Friday.

Authored by ZanderVanDerMerwe
03.02.2021
Market Commentary
0
1 min

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