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EURUSD retakes 1.10 ahead of ECB

Oil and gold prices dropped back while stocks saw a short-covering rally and the euro gained ground on talk of a new joint European debt issuance and ahead of Thursday’s ECB meeting.

Musk offers to buy out Twitter

Shares of Twitter popped then pulled back after the world’s richest man, Elon Musk offered to buy Twitter and take it private. The ECB announced vague plans to stop its bond buying , helping the euro nudge higher.

ECB Meeting today

Wall Street snapped a 2-day losing streak. Gold nears 1800 per oz. USD/CAD falls after the Bank of Canada taper decision. EUR/USD hovers near 1.20 before the ECB Meeting today.

Euro reprieve before ECB meeting

The euro bounced and the dollar dropped, which helped ease the Brexit woes hurting the pound. Tech stocks rebounded from their steep selloff helping global markets recover despite some disappointing vaccine news. Today it’s the ECB meeting.

Tech stocks worst week since March

We start a new week following the biggest drop in US technology stocks since March but with some better coronavirus vaccine news, an important Brexit debate in the UK parliament and amid a possible collapse in TikTok sale talks.

Dollar slides after big ADP miss

The US dollar fell for a third day after ADP employment data saw a surprise decline, while the euro and British pound gained before ECB and BOE meetings.