The dollar defies Tuesday’s turn to positive and rises strongly, covid and infrastructure in focus

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This is what you need to know to trade today Wednesday July 21:

Markets are calm after Tuesday’s recovery, while the US dollar holds firm. The Delta variant of the covid and the news in infrastructure in the US stand out. Bitcoin recovers $ 30,000 and gold is around $ 1,800.

Return: US equity markets rebounded on Tuesday and recovered roughly all of Monday’s losses, when the S&P 500 had its worst day since May. The rally in US stocks drove other stocks higher, but failed to depress the dollar, which has clung to its gains.

Concerns prevail about the rapid spread of the Delta variant of covid in various parts of the world. Yields on 10-year US Treasuries are around 1.20%, far from the lows.

Vote: The United States Senate will conduct an early voting test on the infrastructure bill later in the day. It is not yet clear whether he will receive support from Republicans or Joe Manchin (D-WV), the most conservative Democrat in the upper house.

The pair EUR/USD It is trading around 1.1760, close to its lowest level since April, as tensions rise ahead of the European Central Bank’s decision on Thursday. The ECB could implement the moderate turnaround that it presented in its strategic review.

ECB Preview: Three Reasons Lagarde Could Hit The Euro When It’s Down

The GBP/USD is struggling to hold at 1.36, two days after ditching coronavirus-related restrictions. The EU and UK still disagree on the Northern Ireland protocol and concerns about Britain’s growth remain prevalent after a Lloyds survey showed concerns about inflation, capacity constraints and staff shortages. .

The AUD/USD extended its slide below 0.73 after Australia reported a disappointing 1.8% drop in retail sales and after it became known that cases continue to rise in Australia’s largest cities. Furthermore, Australian Prime Minister Scott Morrison admitted that the development of vaccination in his country was “regrettable”.

The USD / CAD has passed 1.27 as oil prices remain depressed and ahead of the weekly release of US crude oil inventories WTI is changing hands below $ 67.

The oro it is trading around $ 1,800, slightly higher after Goldman Sachs set a forecast of $ 2,000.

Gold Price Forecast: XAU / USD Targets Sustained Move Below $ 1,800 Amid Bearish Technical Charts

cryptocurrencies: Bitcoin has recovered $ 30,000 and has been spreading its gains towards $ 31,000. Ethereum is also benefiting from a bounce, changing hands above $ 1,850.

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