(RECAP) DAILY NOTION...from Trading Central

21 Jan 2021, 10:25 · Views 118

(RECAP) DAILY NOTION - FOLLOWME x TradingCentral - WTI Crude Oil Futures (Mar): Oil Rebounds Ahead of the API Stockpile Data. - Jan 20, 2021 #WTICrudeOil##oilprice##TradingCentral#

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Stocks rose Monday, building on last week’s gains, as investors attempted to move on from the crisis that broke out in the regional bank sector earlier this month following the collapse of Silicon Valley Bank.

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This Tuesday morning, Australia's data showed that retail sales grew 0.2% on month in February (vs +0.5% expected). Tomorrow, February CPI indicator will be expected at 7.6% on month. AUD is under pressure.

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The Nasdaq Composite dipped Monday as a spike in oil prices added another threat to an economy already struggling with Federal Reserve rate hikes and recent turmoil in the banking sector.

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Wall Street's main indexes are subdued at the open Tuesday following a 3-day rally in the S&P 500 and the Dow that was lifted by support measures for the banking sector.

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On Wednesday, Bank of Japan Deputy Governor Shinichi Uchida said that, if conditions turn positive a tweak to the central bank's yield curve control policy will undoubtedly become possible. JPY remains on the upside.

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