Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY edges higher as risk appetite improves
USD/JPY edges higher as risk appetite improves

Global equity markets have scaled record highs in recent days on hopes for a faster economic revival led by successful vaccine rollouts and expectations of a large US pandemic relief package.

Have you seen USD/TRY?
Have you seen USD/TRY?

USD/TRY is trading at the levels unseen since August 2020 and heading towards the key psychological mark of 7.00

EUR/USD closer to 1.2000 area
EUR/USD closer to 1.2000 area

Asian equity markets were mostly lower following a flat lead from the US where focus centered on earnings and stimulus plans.

USD/CAD : Higher oil prices support Canadian dollar
USD/CAD : Higher oil prices support Canadian dollar

Asian equity markets traded mostly higher as the region took impetus from global peers including the advances on Wall Street as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programmes accelerated.

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