While economic data will draw plenty of attention, rising tensions with China and COVID news from the Eurozone will also be in focus. The Dollar was on the move in the week.
The figures that matter
While the outlook towards the U. S Dollar in focus today. COVID news will need tracking, however. After a quiet Asian session from a data perspective, stats from the Eurozone and the U. S and central bank chatter will draw interest later today. Treasury yields recovering from one-week lows and as concerns about the economic impact of COVID lingering in Europe led investors to show a preference for the U.
S will be in focus along with Eurozone consumer confidence,. Treasury yields fuelled demand for the greenback and prompted hedge funds to cut bearish positions.
Financial News
FED Chair Powell is due to speak later in the day, however, which will draw some attention. While another surge in Treasury yields dominated the trade, central bank activity in the US, Australia and Japan also had a say in the price action. Wholesale inflation figures from Germany and retail sales figures from Canada are key stats for the day ahead. Treasury yields may rise after a key U. Federal Reserve meeting where the central bank reiterated loose policies that are likely to help boost even more growth and inflation. Crypto Hub. Let's reshape it today.
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Powered by. Dollar hits fresh highs on US recovery bets, yield support. Rupee falls 20 paise to Dollar rallies as US economic optimism boosts Treasury yields. Rupee drops 7 paise to end at Indices News. The cryptocurrency market continues to push higher with market heavyweight Bitcoin within touching distance of a new record high. Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets. The Basics of Technical Analysis This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.
Will the US Dollar continue to gain ground in the days ahead? Lack of momentum to push back above the Day SMA 1.
Forex News | Forex Crunch
Trader confidence is holding up well in the markets, with stocks still pushing ahead, but US Treasury yields and the US Dollar also continue to climb, and gold is suffering. Gold is coming under heavy selling pressure and support levels look weak as US Treasury yields continue to press higher.
Gold prices declined 1. Crude Oil prices picked up early Wednesday after reports revealed that Saudi Arabia is willing to extend its voluntary cuts in a bid to encourage other members to extend overall production curbs. Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.
Dollar Advances Treasury yields prompt a stronger dollar, while technical set-ups could point to upcoming bearish reversals. Weekly currency forecast. View more forecasts. Economic Calendar. P: R: 3. P: R: 0. Full calendar. Market Outlook US Market. European Market. Asian Market. More Articles. Market Data Rates Live Chart.