What you need to know on Friday, April 9: The dollar fell against all of its main rivals except the pound. Dovish comments from Federal Reserve Chairman Powell, dovish government bond yields, and poor employment-related data in the United States weighed on the greenback. The GBP / USD pair remained at the lower end of […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Dollar Loses Momentum As Yields Fall
What you need to know on Wednesday, April 7: The dollar balanced between gains and losses during the first half of the day, but resumed its decline during US business hours. The weakening of US Treasury yields weighed on the dollar as the yield on the benchmark 10-year Treasury bond fell to 1.65%. The EUR […]
XRP / USD needs to break this key resistance to conquer the $ 0.65 level
XRP / USD is in bullish consolidation, gaining steam ahead of the next momentum to the upside. Detected a bullish crossover on the daily chart in the middle of a bullish RSI. The $ 0.65 level remains on buyers’ radar after a sustained break above critical resistance just above $ 0.60. Ripple (XRP / USD) […]
Forex Today – Asian Session: Non-Farm Payrolls on Good Friday
What you need to know on Friday, April 2: The dollar was slightly down against all of its major rivals as US Treasury yields were in retreat mode. The yield on the benchmark 10-year Treasury bond fell to 1.67%, 10 basis points below the multi-month high reached earlier this week. Rivals to the dollar were […]
Forex Today – Asian Session: Dollar Ends First Quarter Strong
What you need to know on Thursday, April 1: The dollar ends March with substantial gains against most major rivals, and close to new yearly highs against the EUR and JPY. Yields were down daily but ended the month near multi-month highs. Yields on the 10-year note were above 1.70%. The pound rose on Wednesday […]
Forex Today – Asian Session: Treasury Yields Soar, Dollar Running Pace
What you need to know on Wednesday, March 31: The US currency rose against all of its major rivals, once again led by US Treasury yields. The 10-year yield reached 1.77%, its highest level since January 2020. The dollar also it was supported by upbeat local consumer sentiment, which remained strong throughout the US session […]
Tesla begins accepting Bitcoin as payment, BTC price regains momentum to new all-time highs
Tesla has started to accept Bitcoin as a payment method. CEO Elon Musk claimed that the company would hold onto the cryptocurrencies and not sell them for fiat money. The price of BTC rose more than $ 1,600 after the announcement. Bitcoin is back in the spotlight after Tesla CEO Elon Musk announced that the […]
Forex Today – Asian Session: The Dollar Gains Again
What you need to know on Wednesday, March 24: The dollar appreciated strongly against most of its rivals, in a mix of risk aversion and encouraging comments from US Federal Reserve officials. The shares fell as nervousness in Turkey continued to affect investor sentiment. European indices cut most of their losses before the close, while […]
Forex Today – Asian Session: Dollar Bulls Take a Breath
What you need to know on Tuesday, March 23: Risk aversion took hold of financial markets after Turkish President Erdogan decided to fire the governor of the Central Bank of the Republic of Turkey, causing the local currency to plummet against the dollar, which in turn appreciated against to most of the main rivals. The […]
Forex Today – Asian Session: Dollar Returns Hand in Hand with Yields
What you need to know on Friday, March 19: The dollar returned as US Treasury yields resumed their gains. Most of the dollar’s rivals cut post-Fed earnings. After US Federal Reserve Chairman Jerome Powell showed no concerns about rising government bond rates, the yields of long-term bonds soared. Yields on 10-year Treasury bonds reached 1,756%, […]
