fxstreet.com 17 Feb, 2021 04:45 am

Consolidates recent gains amid China holidays, vaccine/stimulus optimism

Consolidates recent gains amid China holidays, vaccine/stimulus optimism
Shares in Asia-Pacific fizzle the latest uptrend as bulls get tired of the same old while China is still on the New Year holidays during early Wednesd

In doing so, market players ignore US President Joe Biden’s vaccine and stimulus optimism as well as welcome coronavirus (COVID-19) updates from the Pacific majors like Australia and New Zealand.Elsewhere, Australia’s Victoria and New Zealand’s Auckland near the end of snap lockdowns as the governments prepare for vaccinations.While the move favors New Zealand’s NZX 50, Australia’s ASX 200 remains mildly offered despite the latest recovery moves.RBA’s Kent, Japan Trade numbers fail to entertain markets.

In doing so, the Japanese investors ignore upbeat trade numbers and Machinery Orders for January and December respectively.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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