Yen Softens in Quiet, Directionless Markets, Dollar Regains Ground
The forex markets are generally quite and directionless for the time being. After very brief selloff yesterday, Dollar is regaining some ground in Asian session today. Sterling is mildly firmer too, but there is no follow through buying. Yen is...
The third round of stimulus checks helped, but millions of Americans are still struggling
While the number of Americans struggling to put food on the table and pay bills fell last month, new data shows that millions are still feeling the financial effects of the Covid-19 pandemic. The third round of stimulus payments started...
Some states require amended tax returns for $10,200 unemployment tax break refunds
10’000 Hours There are probably a ton of people who got unemployment who rushed to file. People are still in panic mode and wanted a refund as soon as possible. Albert Campo certified public accountant State taxes Taxpayers may not...
Will Business Confidence Shake Up AUD?
The Australian dollar has started the week with a whimper. Currently, AUD/USD is currently trading at 0.7620. Australia releases the NAB Business Confidence early on Tuesday (1:30 GMT). Business confidence continues to show stronger optimism, rising to 16 in February,...
Gold Price Eases after Recovery Stalled at Key barrier; US CPI Eyed for Fresh Signals
Spot gold holds in red for the second straight day and extends lower after bulls failed to register a clear break above key barrier at $1755 (Mar 18 high) and generate initial signal of double-bottom formation. Elevated US Treasury yields...
USDJPY Eyes 109.00 Handle and Negative Pressures Lose Power
USDJPY’s recent pullback from the 1-year high of 110.96 seems may not have the necessary potency to successfully overpower the positive bias. The advancing 100- and 200-period simple moving averages (SMAs) are defending the positive structure, while the declining 50-period...
Euro Pauses after Solid Week
The euro has posted slight gains in the Monday session. Currently, EUR/USD is trading at 1.1914, up 0.13% on the day. The euro has been on a steady decline since mid-February, but reversed directions and gained 1.19% last week, its...
Dollar Softens ahead of Treasury Auctions, Sterling Staging Strong Recovery
Dollar turns softer entering into US session, as traders await the results of auctions of both 3- and 10-year bonds, worth USD 96B in total. Additionally, there will be auction of USD 24B of 30-year bonds tomorrow, and a total...
USDCAD Triangle Watch
The US dollar is still struggling for directiona against the Canadian dollar, despite last Friday’s very strong monthly jobs report from the Canadian economy. The lower time frames currently show that the USDCAD pair is trapped within a triangle pattenr,...
Dollar and Yen Higher on Mild Risk-Off Sentiment, Kiwi Up ahead of RBNZ
Dollar and Yen trade slightly higher on mild risk-off sentiment in Asia. Australian and Canadian Dollar are the weaker ones for the time being. But overall, most major pairs and crosses are stuck in range. Except that, some extra strengthen...
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