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 remains bid, focus stays on 1.1900

EUR/USD has broken its two-day run of losses and is ticking modestly higher on Thursday, hovering around the 1.1880 area as the US Dollar struggles to find clear direction. Weekly Initial Jobless Claims rose more than expected, taking a bit of shine off the Greenback, but markets are largely in wait-and-see mode ahead of Friday’s US CPI release.

GBP/USD sticks to the bid bias, still below 1.3700

GBP/USD is trading with decent gains around 1.3650 on Thursday. Indeed, Cable is attempting to shake off the weakness seen earlier in the week amid another choppy session for the Greenback, while a run of disappointing UK data has so far failed to derail the pair’s tentative recovery.