On the currency markets, on Wednesday, even after the Fed and in anticipation of a new stimulus plan in the US, the Dollar index (DXY), which tests its evolution against a basket of 6 currencies, dropped 0.2 percent to 90.28 points, while the Euro advanced 0.28 percent to $1.2186, the highest since April 2018. In the US government bond market, the return on the 10-year T-Bond increased 3 basis points to 0.94 percent.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


On the other end in European currency markets, sterling rose 0.29% to $1.35, raising its recovery to more than 2% in three days, hoping for a last-minute Brexit contract. On Wednesday, President of the European Commission Ursula von der Leyen said “there is a path to an agreement. It’s a very narrow road, but it’s there,” she said.

The health crisis is starting to weigh on the economic recovery in the U.S. on the macro-economic front. Compared to the previous month, Retail Sales plummeted 1.1 percent in November, while consensus was only predicted to decrease by 0.3 percent, following a 0.1 percent fall in October.

In December, overall economic activity in the United States also slowed sharply, especially in services, although it continues to expand. After a revised level of 58.6 for the previous month, the Markit Composite PMI Flash rose from a consensus of 57 to 55.7 in December. The PMI index for Manufacturing stood at 56.5, compared 55.7 a month ago and to a consensus of 56.7. The Services indicator dropped more sharply to 55.3, from consensus 56.8 and after 58.4 in November.

The U.S. Housing Market Index of the National Association of Home Builders (NAHB) dropped to 86 in December from a consensus of 89 and 90 in November. Finally, U.S. Business Inventories rose by 0.7 percent in October on a month-on-month basis, compared with a forecast of 0.6 percent.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free


Please enter your comment!
Please enter your name here