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USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

USDJPY TECHS

Shows Below 50-Day EMA

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  • Equities and growth-proxy currencies come under pressure as the Democrats unveil their Billionaire Tax plans, releasing the finer details as part of the plan.
  • The plan sees those with billionaire status paying an annual 23.8% on gains, in an effort that's seen helping Biden's White House fund a social spending programme primarily aimed at lower-income households.
  • Equity futures came under pressure on the headlines, with the e-mini S&P touching 4558.00 on the pullback. The news also works further against USD/JPY, which extends the recent weakness to near first support at 113.50 and last week's key support at 113.41 - the Friday low.