Stocks react to Biden tax plans while Bitcoin trades sub 50,000 [Video]

Anthony Cheung Amplify

- Overview of market sentiment & headlines in play at the EU open (00:00).

- Biden eyeing tax rate as high as 43.4% in next economic package (1:55).

- GOP counters Biden with $568bln infrastructure plan (7:06).

- Bitcoin now down 25% from record high (9:35).

- Intel slips after market following earnings release (12:35).

- CDC to update on Johnson & Johnson vaccine today (13:13).

- Are Indian stocks a good buy despite current COVID outbreak (19:06).

- Main calendar events for today's session (21:39).

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.