There are reasons why the US dollar remains strong versus other major currencies. Watch the video to get the targets for EUR/USD, GBP/USD, USD/JPY, oil, and gold!
Tag - oil
Investors were shocked by the fact that a $20 billion wave of block trades hit markets on Friday, reportedly linked to investment fund Archegos Capital.
Oil plunged after the ship blocking the Suez Canal was partially re-floated. A $20 billion wave of block trades hit markets on Friday.
While the giant ship is stuck in Suez blocking the route for 12% of global trade, Joe Biden is about to reveal his entire spending plan, and China is coming with more retaliatory measures on the human-rights question of Xinjiang.
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
A huge container carrier blocked the entire Suez canal. Among many, there are oil tankers waiting to continue their way through the canal. How is WTI price reacting?
The massive ship blocked the Suez Canal and caused swings in oil prices…
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
Microsoft is planning to buy Discord. Gold is climbing up. Besides, Fed's Powell will testify today. Jump in for fresh trading ideas!
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020.
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!