Dollar in Doldrums as Traders Rethink Reflation Trade Amid Yield Struggles

© Reuters. By Yasin Ebrahim Investing.com – The dollar fell against its rivals Thursday, and remains set to snap a three-week winning streak as the reflation trade that had pushed bond yields appear to be running out of steam. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell […]

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Dollar Falls as U.S. Yields Slip, but Bearish Bets Easing Amid Recovery

© Reuters. By Yasin Ebrahim Investing.com – The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but the pullback could be short-lived as the expected rise in rates has forced some on Wall Street to ease their bearish bets on the greenback. The , which measures the greenback against a […]

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Oil drops amid rising stockpiles and COVID-19 demand concerns

© Reuters. Views of Total Grandpuits oil refinery By Aaron Sheldrick TOKYO (Reuters) – Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations. was down 69 cents, or 1%, […]

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ForexLive European FX morning news wrap: Dollar bounces around amid tepid markets

Forex news from the European morning session – 16 March 2021 Headlines: Markets: CHF leads, GBP lags on the day European equities higher; S&P 500 futures up 0.1% US 10-year yields down 0.9 bps to 1.597% Gold up 0.2% to $ 1,735.05 WTI down 1.3% to $ 64.52 Bitcoin down 2.1% to $ 55,220 It […]

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EUR/USD turns flat as dollar keeps little changed on the day amid tentative mood

The dollar is staying little changed as the overall market mood is tentative EUR/USD is trading back to flat levels now at 1.1900 after having eased lower to 1.1870 earlier at the start of the session. Of note, price is still keeping just below its 100-hour moving average (red line) @ 1.1911 so sellers are […]

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Biden to press for funds to boost chip manufacturing amid shortfall

2/2 © Reuters. FILE PHOTO: U.S. President-elect Joe Biden delivers remarks on the U.S. response to the coronavirus disease (COVID-19) outbreak, at his transition headquarters in Wilmington 2/2 By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – President Joe Biden said on Wednesday he would seek funding for legislation to supercharge chip manufacturing in the […]

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Markets steady in early Asia trading amid regional holidays

© Reuters. A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo By David Henry (Reuters) – In early trading on Friday global markets were holding steady or slipping a bit as investors looked over mixed data and […]

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Silver contests key near-term levels once again amid firmer dollar on the session

Silver eases to test the lows for the week Invest in yourself. See our forex education hub. Precious metals aren’t getting much love today as the dollar holds firmer across the board and is now threatening to break higher as the 1.2000 level in EUR/USD looks to be in danger as sellers (dollar buyer) target […]

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