Morning wrap (22.02.2021)

  • Stocks in Asia traded mostly lower. S&P/ASX 200 declined 0.2%, Kospi dropped 0.7% while Nikkei gained 0.5%. Indices from China trade lower

  • DAX futures point to a lower opening of the European session

  • According to CNN report, White House is exploring whether imposing financial transaction tax may prevent GameStop-like speculative frenzy in the future

  • UK Prime Minister Johnson is expected to announce that all schools in the UK will reopen on March 8

  • Copper futures on COMEX exchange has reached the highest level since 2011

  • South Korean exports increased 29.2% YoY during the first 20 days of February

  • Fitch affirmed Australia's rating at AAA with negative outlook. S&P raised New Zealand's rating to AA+

  • According to UK Times, United Kingdom is considering passing a law that will make Facebook pay for news content on its site. Similar move was made by Australia and Facebook decided to restrict some content for Australian users

  • US aviation regulator issued an emergency directive over Boeing 777 planes with Pratt & Whitney engines following the incident over the weekend. Japan requested airlines not to fly Boeing 777 planes with Pratt & Whitney engines over its territory

  • Bitcoin tested the $58,000 mark over the weekend but has given back part of the gains. Coin is now trading slightly below $56,000

  • Oil, precious metals and agricultural commodities are trading higher

  • AUD and NZD are top performing major currencies while CHF and JPY lag the most

Downtrend in new Covid-19 cases continues. Senior EU diplomat said that the plan of vaccinating 70% of adult population by summer 2021 is ambitious but possible. Source: worldometers, XTB

BREAKING: DE30 above 14,200 pts!
USD keeps pushing euro down
Chart of the day - EURUSD (08.03.2021)
Economic calendar: Middle East tensions and US stimulus
Morning wrap (08.03.2021)
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.