{"id":293524,"date":"2021-02-17T00:32:25","date_gmt":"2021-02-16T13:32:25","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/overnight-on-wall-street-wednesday-17-february-2021\/"},"modified":"2021-02-19T12:12:53","modified_gmt":"2021-02-19T01:12:53","slug":"overnight-on-wall-street-wednesday-17-february-2021","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-wednesday-17-february-2021\/","title":{"rendered":"Overnight on Wall Street: Wednesday 17 February 2021"},"content":{"rendered":"<p><strong>By Lachlan Meakin<\/strong><\/p>\n<p><b>Equity markets<\/b><\/p>\n<p><span style=\"font-weight: 400;\">US Equity markets started strongly with a post Presidents Day holiday bump, only to fade during the session with only the Dow 30 managing to keep in positive territory and hit another record high.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was a quiet night on the news front with nothing released to drive the markets. To gauge the progress of the US economic recovery, all eyes will be on tonight\u2019s US retail sales figures where a sizable increase is forecasted from last month&#8217;s negative figure.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-271443\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/02\/Dnews-Picture1-300x177.png\" alt=\"\" width=\"555\" height=\"327\" \/><\/p>\n<p>Source: Yahoo Finance<\/p>\n<p><b>COVID<\/b><\/p>\n<p><span style=\"font-weight: 400;\">US vaccination efforts have increased with an estimated 11.8% of the population now having received at least one dose of the vaccine.<\/span> <span style=\"font-weight: 400;\">C<\/span><span style=\"font-weight: 400;\">ases and hospitalizations are dropping dramatically across the U.S underpinning hopes of an economic recovery.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-271458\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/02\/DN-Picture2-300x168.png\" alt=\"\" width=\"554\" height=\"310\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In Australia, the TGA approved the use of the AstraZeneca vaccine, which will be the main vaccine used for the majority of Australians. Vaccinations are expected to begin in March.<\/span><\/p>\n<h4><b>FX markets\u00a0<\/b><\/h4>\n<p><b>AUDUSD<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With no major economic announcements, the AUDUSD weakened with a combination of US dollar strength and a bounce off the technically strong 78c resistance level. Tomorrow all important employment figures will be keenly watched by Aussie traders.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-271473\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/02\/DN-Picture3-300x156.png\" alt=\"\" width=\"556\" height=\"289\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Source: GO MT4<\/span><\/p>\n<p><b>GBPUSD<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The British pound held its recent gains, as optimism grew over the speed and effectiveness of the UK&#8217;s coronavirus vaccine rollout. GBPUSD has hit its highest level since April 2018. The success of the UK&#8217;s vaccination programme is fuelling hopes of a swifter rollback of the restrictions currently hobbling the UK economy.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-271488\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/02\/DN-Picture4-300x155.png\" alt=\"\" width=\"553\" height=\"286\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Source: GO MT4<\/span><\/p>\n<p><b>Bitcoin<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin achieved another milestone last night, breaking past $50,000 USD for the first time before pulling back to settle around the 49,000 USD mark.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bolstered by endorsements from names like Paul Tudor Jones, Elon Musk and Morgan Stanley the cryptocurrency has rallied 70% so far this year.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-271503\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2021\/02\/DNPicture5-300x168.png\" alt=\"\" width=\"553\" height=\"310\" \/><\/p>\n<p><strong>By Lachlan Meakin<\/strong><\/p>\n<table style=\"height: 171px;\" border=\"1\">\n<tbody>\n<tr style=\"height: 75px;\">\n<td style=\"text-align: center; width: 728px; height: 75px;\" colspan=\"7\"><strong>Thursday, 18 February 2021<\/strong><strong style=\"font-family: inherit; font-size: inherit;\">\u00a0<\/strong><strong><br \/>\n<\/strong>Indicative Index Dividends<br \/>\n<em><sup>Dividends are in Points<\/sup><\/em><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>ASX200<\/strong><\/td>\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>WS30<\/strong><\/td>\n<td style=\"width: 103px; height: 10px;\" width=\"100\"><strong>US500<\/strong><\/td>\n<td style=\"width: 101px; height: 10px;\" width=\"100\"><strong>US2000<\/strong><\/td>\n<td style=\"width: 108px; height: 10px;\" width=\"100\"><strong>NDX100<\/strong><\/td>\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>CAC40<\/strong><\/td>\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>STOXX50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">2.015<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">3.076<\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\">0.144<\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\">0.1<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">0.58<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>ESP35<\/strong><\/td>\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>ITA40<\/strong><\/td>\n<td style=\"width: 103px; height: 10px;\" width=\"100\"><strong>FTSE100<\/strong><\/td>\n<td style=\"width: 101px; height: 10px;\" width=\"100\"><strong>DAX30<\/strong><\/td>\n<td style=\"width: 108px; height: 10px;\" width=\"100\"><strong>HK50<\/strong><\/td>\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>JP225<\/strong><\/td>\n<td style=\"width: 104px; height: 10px;\" width=\"100\"><strong>INDIA50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\">12.343<\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n<img loading=\"lazy\" class=\"alignnone\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" alt=\"\" width=\"942\" height=\"122\" \/><\/a><\/p>\n<p style=\"font-weight: 400;\"><em>Disclaimer: The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets. \u00a0Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. \u00a0If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lachlan Meakin Equity markets US Equity markets started strongly with a post Presidents Day holiday bump, only to fade during the session with only the Dow 30 managing to keep in positive territory and hit another record high.\u00a0 It was a quiet night on the news front with nothing released to drive the markets. [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Overnight on Wall Street: Wednesday 17 February 2021 - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-wednesday-17-february-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overnight on Wall Street: Wednesday 17 February 2021 - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Lachlan Meakin Equity markets US Equity markets started strongly with a post Presidents Day holiday bump, only to fade during the session with only the Dow 30 managing to keep in positive territory and hit another record high.\u00a0 It was a quiet night on the news front with nothing released to drive the markets. 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