Economic data coming up in the European session

25 Feb 2021
German GfK consumer confidence survey is on the agenda today
After a surge higher in yields early on yesterday abated, equities pushed forward with more solid gains as the market took the Fed's reassurance and ran with gains.
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ECB's Schnabel: We will ensure that there is no unwarranted tightening of financing conditions

25 Feb 2021
Remarks by ECB executive board member, Isabel Schnabel
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Germany reports 11,869 new coronavirus cases, 385 deaths in latest update today

25 Feb 2021
Daily cases top 10,000 for the first time in seven days
That sees total active cases increase slightly to ~119,000 as the overall virus situation looks to meet a bit of a peak in terms of improvement as of late. The 7-day incidence rate has also crept higher to 61.7 - topping the 61.0 reading over
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Japan December final leading indicator index 95.3 vs 94.9 prelim

25 Feb 2021
Latest data released by the Japanese Cabinet Office - 25 February 2021
- Coincident index 88.3 vs 87.8 prelim
Slight delay in the release by the source. The preliminary report can be found .
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JPM on Bitcoin - current prices well above our most recent estimates of fair value

25 Feb 2021
A note from JP Morgan on the leading crypto, analysts saying the price is above their estimate of fair value. 
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JPM wandered a bit off track in the last bullet .... is there a person on the planet thinking cryptos are a funding currency? Otherwise, some decent points from JPM.
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UBS 'phase change' coming for global markets in Q2, and the next Global Equity Rotation

25 Feb 2021
The 'phase change' UBS is referring to is due to tightening financial conditions 
Regime change will be marked by a bottoming in real rates and credit spreads -- which will signal the end of the liquidity "tailwind" that has been the biggest contributor to market gains.
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VIX is in a bubble says JPM

25 Feb 2021
Reuters with a piece citing Marko Kolanovic, J.P. Morgan's global head of macro quantitative and derivatives strategy.
- Cboe Volatility Index is elevated despite muted moves on the benchmark S&P 500
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"USD weakness on pause" - watch rising yields and risk sentiment

25 Feb 2021
A note on the US dollar from Wells Fargo (comes via Bloomberg) with analysts at the firm bullish for DXY.
(ps. the note is from Tuesday US time but since its not a day trade view posting now as a bit of a catch up)
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ForexLive Asia FX news wrap: Yen slips a little further

25 Feb 2021

Forex news for Asia trading
for Thursday
25
February 2021 


The
NZD gained in late US afternoon trade with NZD/USD moving briefly
above 0.7450. The catalyst was the NZ government requiring the
Reserve Bank of New Zealand to include housing prices in its mandate
which prompted markets to raise once again the propect of less
accommodation from the central bank. As the session progressed
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Heads up for two huge political events in China next week - March 4 and 5

25 Feb 2021
China's two main annual political meetings take place next week, known as the "Two Sessions"
The main focus for the NPC is the government "work report", this policy priorities for 2021.  
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