Wall Street posted solid gains as investor sentiment has improved with good earnings reports and expectations for some normalcy as Covid-19 mandates are being unwound. Treasuries have rallied as jitters regarding an overly hawkish FOMC have eased. Asian equities in January received the biggest upgrade in their forward 12-month earnings estimates in five months, boosted by higher commodity prices and demand for technology exports in the region. Dollar steady EURUSD narrowing to 1.1420, USDJPY spiked to 115.69 & Cable up to 1.3539 from 1.3525. USOil – steady at $88.70. Gold – at $1835.70 – soft Dollar and lower bond yields. Bitcoin settled to$43,000 -44,000 area. Initial jobless claims are also due today, with earning reports from Coca-Cola, PepsiCo, AstraZeneca, Philip Morris, Duke Energy, Twitter etc.
Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.28%) The Aussie and Kiwi dollars were trading near multi-week highs as investors turned more bullish on risk assets such as equities. Fast MAs aligned higher.
