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Dollar reverses February gain

The US dollar slid for a third day, wiping out most of its February gains. Bitcoin crossed $48,000 in buying momentum after the Tesla investment. China stocks rallied 2%, the Nasdaq and Russell 2000 hit new highs but the Dow and S&P 500 closed lower.

S&P 500 hits record after Biden signs stimulus bill

The S&P 500 has crossed back into record high territory following a choppy fortnight thanks to fears over rising bond yields. The euro gained amid dollar weakness despite a dovish ECB meeting. Joe Biden Signed the $1.9 trillion stimulus bill.

Tesla excluded from S&P500!

The S&P 500 index committee left out Tesla in its latest reshuffle and Japanese conglomerate Softbank apparently played a part in causing recent tech volatility. Today China trade balance and German industrial production data is released.

Stocks reverse after NYC schools shut

Bitcoin has soared again to just shy of $18,500. However Wall Street saw a late selloff when schools were closed in New York City. The Kiwi Dollar (NZD/USD) reached its highest since December 2018.

Final week of Q1

It was a strong day for stock markets on Friday with the S&P 500 rallying 1.66% to reach a fresh record high. The dollar finished the week on top, with NZD/USD the biggest faller following new housing rules. This is the last week of the first quarter.

GameStop & ‘most shorted’ stocks go wild

A huge short-squeeze created big volatility among some of the most-shorted stocks on Wall Street, notably GameStop. Ether hit a record high while the Hang Seng soared 2% as Chinese President Xi addressed Davos. Today Microsoft reports earnings.