The dollar maintains its position pending mid-level data

This is what you need to know to trade today Wednesday, December 29:

The US dollar index closed for the second day in a row in positive territory and continues to climb slowly on Wednesday, but markets are likely to remain quiet ahead of the New Year holidays. Later in the day, November’s pending home sales and goods trade balance will be posted on the US economic calendar, but these data are unlikely to trigger a noticeable reaction in the market.

Main Wall Street indices They closed mixed on Tuesday and US equity futures indices post modest gains early in the European session. The 10-year US Treasury yield continues to move sideways in a narrow range below 1.5%.

The United States, United Kingdom, France, Greece and Portugal all posted record one-day increases in new coronavirus cases on Tuesday, but this development does not appear to have a significant impact on risk sentiment. Reports continue to suggest that the Omicron variant is less severe than the Delta variant.

The EUR/USD It is testing 1.1300 after closing in negative territory on Tuesday as the dollar market valuation continues to drive the pair’s moves.

The GBP/USD It turned south after hitting its highest level in five weeks at 1.3463 on Tuesday. Currently, the pair is recording small losses around 1.3420.

USD/JPY it retains its bullish momentum and remains a short distance from 115.00 early Wednesday morning.

The oro It rose to its highest level since late November at $ 1,820 on Tuesday, but took a 180-degree turn. XAU / USD is moving down towards 1,800 in the European morning.

The Bitcoin it lost more than 6% and broke below $ 50,000 on Tuesday before entering a consolidation phase of around $ 48,000. The Ethereum it also suffered heavy losses and fell below $ 4,000 after managing to stay above that level in the previous five days.