READ N' GO-Daily News Recap

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more.

BUT first, to start off your day with a bang, here's a recap of the important news we think you should recall, ICYMI yesterday!

1. Crude oil inventories showed a build of 1.285 million versus - 6.5 million estimate.
2. U.S. Federal Reserve's (Fed) Chairman Powell: Bond buying will continue the current pace.
3. U.S. new home sales for January: 923,000 versus 856,000 estimate.
4. U.S. Mortgage Bankers Association's (MBA) mortgage applications for the week ending Feb 19: -11.4% versus -5.1% prior.
5. The Hang Seng suffers biggest daily drop since May last year amid Hong Kong's first trading tax hike since 1993.
6. Australia Wage Price Index for the fourth quarter 2020: 0.6% q-o-q (versus expected +0.3%).
7. More from Powell: We will update 2021 gross domestic product (GDP) growth forecast to the range of 6%.

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