The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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While the winter in Texas keep WTI oil above $60, gold goes down to November lows on high US Treasury yields. Watch the video for technical analysis of the key Forex assets!
The US stock market was closed on Monday for Presidents Day, but February is still on track to be the strongest month for the major Wall Street indices since November.
The stock market keeps rallying, the US dollar remains weak.
EUR/GBP on track towards fresh nine-month lows. Cable stays on the hunt towards 1.4000 as the dollar keeps more vulnerable for now.
While the S&P is coming to beat the never-seen-before epic mark of 4,000, there are those who say that it may be the last days of the stock market's glory before it plunges underground! In the meantime, oil is celebrating $60, gold keeps going lower, and more companies report their earnings this week.
World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss.
Asian equity markets were subdued in holiday-thinned trade and following a mixed lead from Wall Street.
Asia-Pac lacked firm direction as risk appetite was sapped by holiday closures for many key markets in the region and following an uninspired handover from the US.
The level of 23.6% Fibonacci retracement at 1.3795 is in the focus on the H4. The next level to watch on the downside is 1.3755.
World shares rose to new all-time highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts and ahead of a speech by U.S. Federal Reserve Chair Jerome Powell.
The US dollar has seen some heavy fluctuation recently. Although it gained some strength here and there, mostly, it has been going weak against its main peers in the Forex market. Let's check it out.