Secretary of State nominee Blinken being vetted on Capitol Hill

Some comments on Iran, China.

US Covid deaths top 400,000 according to Johns Hopkins

According to numbers from Johns Hopkins

WTI crude oil futures settle at $52.98

Up $0.62 or 1.18% The March contract settled at $52.98, up $0.56. It's high reached $53.18, while the low extended to $51.81.

EURGBP remains in a range and trades back around the 100 hour MA

Topside trend line stalled the rally today The EURGBP remains confined in a range with 0.8865 as the low and 0.8934 as the high.  The price has been mostly in that range since January 13 (5 days). 

NY Gov. Cuomo proposes raising top income tax rate

State and local government under fiscal pressure NY Gov. Cuomo is proposing to raise the top income tax rate to 10.86% from 8.82%.   Doing so would increase the city and state tax rate to 14.7%.  He adds that the proposal will be reversed if a federal government approves relief payments as proposed by the Biden administration.  The bogey for the governor is to receive 15 billion

BOE's Haldane: Bounceback from covid may be sharper than financial crisis

Comments from the BOE chief economist Haldane is speaking in a web event, we'll watch for GBP-moving comments. Cable is currently up 40 pips on the day to 1.3626, just off the session high.

Yellen: Any tax increase should be focused on high-income earnings and corporations

More from Yellen

GBPUSD moves above its 100 hour moving average

GBPUSD trades more comfortably above its 100 hour moving average The 100 hour moving average currently comes in at 1.36184. The price closed above that moving average level on the last hourly bar, and found buyers near it on the current bar.  

Senate majority leader McConnell: January 6 riot was provoked by Pres. Trump

Current Senate majority leader McConnell speaking on the Senate floor

NASDAQ index back up 1%

High for the day was up 1.13% earlier in the session. The low for the day was up 0.62% The S&P index is up 23.3 points or 0.62% at 3791.59. At the high the S&P index was up 0.87%. The low was at 0.32%

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