4/12/2021 12:43:46 PM GMT
EUR/USD Current Price: 1.1912
US Treasury yields remain subdued, eyes on a 10-year note auction.
EU Retail Sales surprised to the upside, up by 3% MoM in February.
EUR/USD is technically bullish but lacks enough momentum in the near-term.
The EUR/USD pair trades above the 1.1900 level as the dollar is back under selling pressure. The week started with a dismal market mood, which helped the greenback and sent the pair to a daily low at 1.1870. European indexes trade mostly in the red, although off their daily lows, providing modest support to the pair, which anyway remains confined to familiar levels.
AUD/USD Weekly Forecast: Aussie remains resilient to the dollar s strength fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Spring Ahead or Fall Back? No Fear, Nasdaq Uptrend, Trading AbbVie and AMD COVID numbers stopped improving a while ago, even with ever-improving rates of vaccination. Just what is going on here?
Mar 16, 2021 | 07:40 AM EDT
I saw my first robin of spring late last week. A few minutes later, I met about a dozen of his or her pals. Temperatures were indeed spring-like out in my neck of the woods last week, and will be again later this week.
Monday, however, the wind chill was in the single digits as I walked my morning walk, as I always do after writing Market Recon and prior to getting on with the rest of my day. On Monday, I only saw some Canadian Geese and they were trying to shield themselves from the wind. There are hints here or there. Hints that maybe our massed optimism is not misguided. This time.
Are Airlines About To Make A Post-Pandemic Comeback?
Share
Share
Trending
I think it was a great way to begin the year with the early back and forth, giving shaky folks the chance to bail. On the flip side, the ‘buy on dips’ crowds - not as aggressive as they once were - warmed up with an hour left in trading on Monday, lifting most equity indices near the highest points of the session.
Interestingly, the two biggest winning sectors thus far this year were the only decliners yesterday, as investors are still more interested in booking gains than falling in love with the story. As the session moved along, buyers moved away from traditional safe havens and found Consumer Discretionary names, which enjoyed monster gains.
AUD/USD stages modest rebound toward 0 7750, eyes on US data forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.