fxstreet.com 08 Feb, 2021 09:00 am

Three things you need to know today

Oil has seen a turbulent twelve months; the onset of the pandemic and the very ill-advised output increases early in 2020 saw the collapse of prices i

Investors previously considered the pros have begun moving into other asset classes to avoid the potential pressures of retail traders.Most retail traders are unable to get access to this market making a viable way of avoiding retail traders entirely while still conducting short side operations.She again pushed the theory that if the US enacts a large enough stimulus package that ‘maximum employment' could be achieved by 2022, but a miss on the size of the package would ultimately leave the US economy struggling for longer.I am inclined to agree with Former treasury Secretary Larry Summers who highlighted the issues of a large stimulus package in relation to inflation.

As much as a gigantic stimulus package sounds nice, $30 trillion of debt is hardly appealing, and neither are the prospects for developing another asset bubble or runaway inflation.RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk.

BC teen sent home in tears for wearing outfit that made teachers ‘uncomfortable’

Donald Trump Jr. Blasts Republicans Who 'Lose Gracefully'subscribesubscribe

Nip, tuck, mask: cosmetic surgery sweeps Albania along with virus

PHC takes notice of public sector universities’ financial crisis

What flu season? Michigan influenza barely registers during COVID

‘Don’t let Africa enter the valley of death and become the continent of Covid’

EH216 Completed Its First Trial Flights Over the Sea of Southern China to Explore New Scenarios for Coastal Urban Air Mobility

PIP recipient on the Universal Credit £20 uplift

Fry’s Electronics Closing All Its Stores

San Marcos Activity Center to reopen Monday with COVID Protocols

House GOP’s top conservative caucus hopes to bridge the Trump divide

Pakistan to Remain in FATF Grey List, Asked to Target Financial Sanctions Against UN Designated Terrorists

Benton County Sheriff Arrest Two Men for Sexual Corruption of Child

Former Uk player indicted for wire fraud and tax violations

Head Start little learners returning to in-person learning

Scheme to populate Oxfordshire with pop-up shops begins

Preparations Underway For Loosened COVID Restrictions Across NC

Multilingual e-commerce platform to help China's ethnic farmers in foreign trade--China Economic Net

Mary J. Blige on how 'reliving' her pain helps others heal

Akuchie, Bohannon lead Youngstown St. over UIC 74-58

Lunchtime Lessons: Yoga with Christina (Free, Virtual)

Three things you need to know today

When is the Aussie Q4 CPI data and how could it affect AUD/USD?

Q4 CPI beats expectations as dwelling prices surge – Westpac

Cross-asset markets find their footing

Bond markets remain calm after Italian PM Conte's resignation

Central bank’s ETF buying aimed at supporting economy

India’s economy is projected to grow at 7.3 percent in 2021

Government crisis now formally opened – ING

Neither an optimist nor a pessimist be

XAU/USD looks south ahead of the Fed decision

XAU/USD awaits Fed decision for a clear direction, levels to watch – Confluence Detector

Stellar will skyrocket by 70% if it breaks above critical resistance

Indian rupee rises to fresh high since September 2020

FOMC meeting tonight

XAG/USD portrays a choppy range above $25.00

Crude Oil rises 1%; Globus Maritime (GLBS Stock) shares plummet

Vigilant ECB and dovish Fed spurred risk aversion

EUR/USD consolidates biggest losses in two weeks around 1.2100 as focus shifts to US Q4 GDP

Dollar ends higher on risk-off trade despite Fed's dovish hold

Alternative data snapshot

Profits at China’s industrial firms grew for the eighth straight month in Decembe

US dollar rises after Fed interest rate decision

GameStop turmoil triggers margin call selloff

Another 10 weeks of covid vaccine shortage likely

Moderna and Pfizer vaccines also effective against new variants

Weak European macro to keep PLN on weak side for now

US Dollar Index approaches 91.00 ahead of key data

USD/JPY hits fresh monthly highs as widening US/Japan rate differential weighs on the yen

PCE, Personal Spending and Income December Preview

Bulls becoming more courageous

XAU/USD prices stabilise having seen earlier gains eroded

AUD/USD drops further below 0.7700 as risk dwindles amid a quiet session

USD/JPY extends the upside in firmly bullish technicals

China has toughened its language towards Taiwan

S&P 500 Futures drop half a percent amid chatters over Gamestop, covid vaccines and china

Dollar pares gains on U.S. GDP and rise in stocks

Employment conditions are still in a weak condition overall

Risk catalysts supersede upbeat data, China tension renews

Unemployment rate to rise to 5.6% – Westpac

GBP/USD bounces off intraday low to regain 1.3700, focus on vaccine jitteres, Gamestop and China

AUD/USD increased 0.0029 or 0.38% to 0.76772

Stocks trade weaker as US equity FUTs declined; USD rises into month-end

Surge in interbank rates is a hawkish signal – Capital Economics

USD/JPY refreshes seven-week top as risk-off mood favors US dollar

Delay in vaccine roll – out can turn into political risk for the EU

Markets roiled by retail-trader frenzy, vaccine concerns, eyes on US data

Attention is now on 1.2014 – Commerzbank

Downside looks contained

USD/JPY faces potential upside to the 104.75 area – UOB

Stellar primed for a 30% breakout as sentiment turns extremely bullish

Dogecoin's 600% rally could jumpstart the next altseason

Further losses appear unlikely

AUD/USD could drift towards the 0.7560 area – UOB

ZIL on the verge of a 67% move following extended consolidation

Brokers’ restrictions on GME and AMC set a dangerous precedent – FXStreet Editorial

BTC bulls battle key short-term resistances above $34,000

Lockdown triggers renewed slide in Q4 GDP – Capital Economics

Risk reduction dominates sentiment

Stocks decline after Q4 GDP weakness