Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/GBP: bears eye 16-month-old support
EUR/GBP: bears eye 16-month-old support

The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.

AUD is the strongest and JPY is the weakest
AUD is the strongest and JPY is the weakest

US stocks are seen edging higher Thursday, continuing the recent strong rally after Fed chief Jerome Powell reaffirmed that the central bank’s monetary policy will remain supportive for some time yet.

USD: trends against JPY, GBP, and EUR
USD: trends against JPY, GBP, and EUR

The US dollar has seen some heavy fluctuation recently. Although it gained some strength here and there, mostly, it has been going weak against its main peers in the Forex market. Let's check it out.

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