Stocks recover, (the Reddit quartet lose 50-35%) but futures and Asian markets down (worst week in 3 – Nikkei lost 1.89% and 3.8% this week) as restrictions imposed by Robinhood to be eased today and there is a lack of liquidity in China. US GDP in line with expectations but US economy had its worst year since WWII, Claims were better but still 840K (normal econ cycle 200K) – Vaccine production and rollout delays (partic in EU) adding to nerves. Positive news – NOVAVAX -90% efficacy in UK trial but in SA trial it dropped to 49% (60% on non-HIV patients). Oil & Gold remain flat. Mastercard, Visa & Comcast beat earnings expectations, McDonald's missed but offered positive outlook.
Today - German jobs report, US PCE, personal consumption, Canadian GDP, Chicago PMI, Uni. of Michigan (final), ECB's de Guindos, Fed's Kaplan, Daly - Earnings from Chevron, Caterpillar, Honeywell, SAP, Siemens, Ericsson, BBVA.
Biggest (FX) Mover @ (07:30 GMT) USDJPY (+0.30%) rallied from open and support at 104.25 (PP).
#HotForex
