Dollar bounces higher as traders brace for inflation data

© Reuters. U.S. one dollar banknotes are seen in this illustration By Tommy Wilkes LONDON (Reuters) – The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days. Elsewhere it was a quiet start to a […]

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Dollar Edges Higher; U.S. Growth Profile Looks Impressive

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Tuesday,  with traders retaining a largely positive tone on the back of signs of strong U.S. economic growth and an impressive vaccine rollout.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of […]

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Dollar modesty higher after jobs report but what technical levels are key going forward

What the charts are saying now and going into next week’s trading The US dollar is modestly higher after the better than expected jobs report but off the initial spike levels.  EURUSD: The EURUSD fell to a low of 1.1755 but has bounced back to 1.1768 currently.  The pair trades between the 200 hour MA […]

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Dollar Edges Lower; Trend Points Higher as U.S. Economy Recovers

© Reuters. By Peter Nurse Investing.com – The dollar handed back some gains in early European trading Wednesday as bond yields edged off highs, but remained in demand as fiscal stimulus and an aggressive vaccine rollout are seen prompting a strong U.S. economic recovery.   At 3:15 AM ET (0815 GMT), the , which tracks the […]

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Dollar Rides Rates Higher, but Short-Squeeze on Bears Nearing End

© Reuters. By Yasin Ebrahim Investing.com –  The dollar was boosted by rising U.S. bond yields Monday, but data showing bearish bets against the greenback are running out of room could keep a lid on the world’s reserve currency, experts say. The , which measures the greenback against a trade-weighted basket of six major currencies, […]

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Nasdaq closes higher for the 2nd consecutive day and leads the indices higher

Dow and S&P lag. Russell 2000 closes lower for the 2nd time in 3 days The NASDAQ close higher for the second consecutive day. It led the major indices higher with the S&P and Dow lagging well behind. The small-cap Russell 2000 index lags with a decline of -0.90%. The final numbers are showing: S&P index +27.48 points or 0.70% at […]

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Forexlive Americas at the news wrap: The USD moves marginally higher to end the week

Forex news for NY trading on March 19 2021 In other markets: Spot gold is trading up $ 6.87 or +0.39% at $ 1743.20 Spot silver is up $ 0.12 or 0.46% $ 26.20 WTI crude oil futures rallied $ 1.49 or 2.48% $ 61.49 The price of bitcoin is trading up $ 1300 or 2.26% at $ 58,780 […]

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