Market update: Trump impeachment and Biden stimulus [Video]

Anthony Cheung Amplify

- Overview of market sentiment at the European open (00:00).

- Trump impeached and why this isn't important for markets (7:34).

- What to expect from Joe Biden today in his stimulus plan (10:12).

- 3 things to watch regarding COVID-19 (12:33).

- Political crisis again in Italy but snap election seen as unlikely (18:50).

- Preview of the calendar today (23:50).

Author

Anthony Cheung

Amplify

Anthony has spent over a decade working at the forefront of financial news.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.