Highlights
Waiting for the minutes of the FOMC (Fed monetary policy committee) meeting, to be released on Wednesday afternoon, EURUSDis operating with some stability, close to 1.1925, remaining between 1.1915 and 1.1940, as it was yesterday, until the opening of theNorth American market. At the opening of the market in the USA, the pair depreciated, as shown in the graph below, however,references indicate that EURUSD should reach the 1.1925 level in the coming hours.
DXY is being traded at a level of 91.9 thousand points. The USDJPY is oscillating close to 108.8. The USDCHF of $ 0.9260. THEgold is trading at $ 1,735 an ounce, and silver at $ 26.0 an ounce.
The main facts observed by investors at the moment are:
COVID-19
Concern is growing regarding the side effects related to thrombosis caused by the vaccinefrom AstraZeneca / Oxford. European health ministers will meet to discuss the future use of this vaccine.Portugal, Spain, France, Germany and Italy joined Denmark, Norway, the Netherlands, Ireland, Iceland,Bulgaria, Luxembourg, Romania, Estonia and Lithuania and also suspended the vaccine application in recentdays.
The EU should start to devise a joint strategy to gradually eliminate the blockages. “Citizens ofEU have good reason to expect the situation to improve, ”said the European Commission in a documentwill be released tomorrow but was anticipated by Bloomberg. However, in Germany, current restrictions onmovement of people and goods, including the closure of non-essential stores, gyms and hotels, shouldextend for another four weeks, after March 28.
The North American pharmaceutical company announced that it is in stage 2 (of 3) of the vaccine tests in childrenbetween 6 months and 12 years of age. The study, which is being conducted in conjunction with the National Instituteof Allergy and Infectious Diseases, you must enroll approximately 6,750 participants in the US and Canada.
According to WHO, between six and eight new vaccines, including those that do not require needles and canstored at room temperature, they may be ready for use later this year or nex.
MACROECONOMY
Industrial production in Japan increased 4.3% in January 2021 compared to the previous month. It was thegreatest growth in industrial production since July 2020. Production recovered sharply ingeneral purpose and business-oriented machines (11.6%), electronic parts and devices (10.3%), and machineryelectrical and electronic information and communication equipment (7.6%). On an annual basis, productionindustrial production decreased by 5.2% in January.
The Consumer Price Index in France in February 2021 was 0.6% higher than that observed in the yearprevious and unchanged from the previous month. Services became more expensive than previously thoughtpreviously and prices for both manufactured products and energy have fallen less thaninitially estimated.
The Consumer Price Index in Italy in February 2021 was 0.6% higher than that observed in the yearand 0.10% higher than that observed in the previous month. It is the biggest monthly increase in pricesconsumer since June 2019.
The ZEW Economic Sentiment Indicator for Germany increased by 5.4 points in relation to theprevious month, reaching 76.6 points in March 2021, above market expectations of 74.0. THEoptimism about the economic outlook continued to improve, with investors predicting acomprehensive recovery of the German economy and that at least 70% of the population will receive a vaccine by autumn.In addition, research has shown that inflation is expected to rise further and long-term interest ratesmust be higher.
The ZEW Economic Sentiment Indicator for the Euro Zone rose 4.4 points, to 74 points in March2021, the highest reading since February 2004. The survey showed that 79.4% of surveyed analystsforesee an improvement in economic activity, 5.4% foresee a worsening and 15.2% do not expect changes. In additionIn addition, the indicator of the current economic situation in the Eurozone increased by 4.8 points, to -69.8,improves on expectations regarding inflation in the bloc.
Retail sales in the US shrank 3% in February 2021 compared to the previous month. It’s the biggestdecline since the record drop observed in April 2020, reached due to the severe winter and thesnowstorms that prevented people from moving. The biggest declines were observed in salesin department stores (-8.4%); sporting goods, hobbies, musical instruments and bookstores (-7.5%);retailers without a physical store (-5.4%); car dealerships (-4.3%); furniture (-3.8%); miscellaneous retailers (-3.4%); construction material and garden equipment (-3%); clothes (-2.8%); food and beverage services(-2.5%); electronics and home appliances (-1.9%); and health and personal care (-1.3%). In contrast, salesat gas stations jumped 3.6%. The Redbook index in the United States increased 8.50% in the weekended on March 13, 2021 in relation to the same week of the previous year.
Industrial production in the United States decreased by 4.20% in February 2021 compared to the previous year and2.2% in relation to the previous month, the 18th consecutive monthly drop in industrial production. It was the mostsharp increase in industrial production since the record 12.7% drop in April, also due to the winterharsh weather and snowstorms that prevented people from moving. The winter caused someoil refineries, petrochemical facilities and plastic resin factories suffer damage from thefreezing and went out of operation for several days.
SHARES
Dow Jones and S&P 500 closed at new records in yesterday’s session. The US stock markets opened upmixed on Tuesday, with a weaker-than-expected retail sales report for February cooled theenthusiasm for defeated cyclical stocks, leaving the technology sector with superior performance. Ina day with little corporate news, Ford Motor shares fell 2.7% due to the disclosure of an impactnegative of up to US $ 2.5 billion in the result due to the scarcity of semiconductors, which affected the automotive industryglobal. Even so, Volkswagen’s ADRs rose 5.8% to a six-year high after the company raisedits profitability goal with the sale of electric vehicles.
OTHERS
Bitcoin ATMs, where users can buy or sell digital currency and in someoccasions to withdraw cash, began to multiply throughout the United States. In January, there were 28,185 bitcoin ATMsthroughout the country. The reasons why people use ATMs instead of doing online transactions vary.Some receive wages in kind, some do not have bank accounts, some want to use the equipment to sendremittances abroad or want anonymity, while others feel more comfortable interacting with aphysical machine. Fees vary from 6% to 20% of the total transaction, depending on the location and operator of the cashierbitcoin. Google Tradutor Texto o
