24.12.2020: USD trading in red, while US stocks rising cautiously (DJIA, USDX, USD/CAD, BTC/USD)

Futures on the US stock indices are trading cautiously higher. The US dollar is skidding against major currencies, including the Canadian dollar. Bitcoin is also losing steam, trading almost 2% down.
Futures on the benchmark US stock indices are trading higher on the eve of Catholic Christmas. There are no crucial factors for a decline in the stock market.
The Dow Jones edged up 0.12%. The Nasdaq gained 0.14%. The S&P 500 rose 0.27%.
The US equity market is likely to close this short trading week with gains despite gyrations earlier. Today the US marketplaces close earlier than usual on the occasion of Christmas, so American trading floors are thin today. On Friday, December 25, all exchange floors in the US will be shut.
Nevertheless, investors are on edge, voicing concerns about a relief stimulus package for the US economy and signs of a too slow economic recovery. Besides, soaring number of new coronavirus cases and a new mutant COVID-19 strain discovered in the UK arouse worries that authorities will tighten lockdowns worldwide. This scenario dampens investors’ optimism and worsens economic prospects.
Today the US dollar is trading slightly lower against a basket of six rival currencies as investors are alert to any news on the long-awaited stimulus package. Earlier this week, US President Donald Trump refused to sign the bill worth 900 billion dollars passed by Congress. In the final weeks of his presidency, Donald Trump wants to raise an amount of a relief benefit to the solid 2,000 dollars per person instead of the modest 600 dollars.
The US dollar index inched down 0.035 to trade at 90.26.
The greenback is also losing ground against the Canadian dollar. The USD/CAD pair shed nearly 0.07%. At the moment of preparing this video, the currency pair was trading at about 1.2840.
Today bitcoin is 2% down, having entered a consolidation phase.
According to CoinMarketCap which computes an average bitcoin price tracking data of over 20 crypto exchanges, the number one cryptocurrency lost 1.79% today. At the moment of preparing this video, bitcoin was trading at about 23,204 dollars per token.
Last week, the most popular digital currency set three historic records, skyrocketing from 21,000 to 23,000 dollars per coin. In the early hours of Monday, bitcoin topped the highest ever level of 24,000.
Nevertheless, despite a stunning rally in the fourth quarter, bitcoin is still trading under low volatility. Most experts share the viewpoint that bitcoin is now consolidating gains.
Healthcare officials in the US responsible for the vaccination campaign admitted a slower-than-expected vaccination process. Currently, only about 1 million Americans have received the first of two jabs of the vaccine. So, the goal of having the first 20 million people vaccinated by the end of December will be hardly achieved. However, the number of the hospitalized with coronavirus in the US is twice bigger than the spring highs. Delaying the vaccination is one of the main risks for the stock market.

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