ECB and Biden boosting the market

Biden's 1.9T stimulate package after that ECB told it was ready to provide more cash using its 1.8T Euro Pandemic Emergency Purchase Program (PEPP) over coming months to decrease the debt financing costs, both pushed the markets higher at Thursday trading house, which ended with new records high for both S&P and Dow30.

While all eyes were on UK data, earlier today also better than expected GDP data and trade balance helped the market's sentiment. At the same time, UK industrial and manufacturing production were lower than market expectation. German CPI also was in line with the expectation of 0.7% for February.

For the rest of the day, US CPI and CAD employment data will be in focus, while the day will be ending by U.S. Baker Hughes Oil Rig Count and CFTC numbers.

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Intraday Trading:

Safe-Havens: Positive market sentiments, while market fears of higher inflation and Bond Yields are gone. Safe-Havens will again be under pressure. For XAUUSD, the main PP is still sitting at 1727, and any number under this level will help the market bears. USDJPY and USDCHF have a negative correlation with XAUUSD. 0.9255, and 108.55 are PP for intraday trading for pairings. Stable trading above these levels will help the market bulls.

BTCUSD: BTC used to get support from higher Bond Yields in the last weeks, and since this fear is gone from the market, bears can take control of market sentiment and lead it for correction under both 20 and 50 EMA, under 57K.

GBPCAD: turned clearly under main MA lines, while CCI moved under -200, totally supporting downtrend under 0.7785 PP line.

USA500: Turned into correction under PP at 3,930 as well as under main MA lines. S1 at 3,900 is a key level where correction can stop because positive market sentiment still supporting the bulls. However, breaking under this level may lead the bears to lower levels.

Bank of America: Price is clearly above PP at 37, while EMA crossing strategy also supporting the bulls. On the other hand, Biden's stimulating package and Treasury's new bonds selling help the banks and financial sectors.

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