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A world of Trading assets

23/02/2021 Market Chat

Authored by TD Markets
23.02.2021
Market Commentary
0
2 min

The biggest mover yesterday was Bitcoin as it plummeted to $47200 after pushing to all time highs over the weekend, unsurprisingly the correlation between Bitcoin and gold was fairly clear as Gold pushed up well closing the day out above 1800 after the strong selloff that we had the latter part of last week.

One of the big headlines yesterday was that the US reached 500 000 total Covid deaths, the American administration is still very proactive to counter the pandemic as Pfizer announced that by Mid-March they will be rolling out 13 million vaccines per week in the hopes to restore normality to the economy.

Brent also had a big day after the selloff from last week to push and break $65, as vaccine roll-outs continue the hopes of demand going back to pre-Covid levels are on the horizon, subsequently Goldman raised their Brent target to $75.

The biggest mover on the economic calendar for today is Powell testifying, so keep an eye out for it this afternoon.

Tuesday
Banking Holiday (JPY)
5:00pm - Fed Chair Powell Testifies (USD)
5:00pm - CB Consumer Confidence (USD)
7:30pm - BOC Gov Macklem Speaks (CAD)

Authored by TD Markets
23.02.2021
Market Commentary
0
2 min

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