Market News

The Dollar Elevated Anticipating Strong Economic Recovery   The U.S. currency slightly higher versus its competitor on Tuesday. as Traders are on a positive note with the rapid increase in vaccination rollout in hope of economic recovery. The U.S. Bond yields tumbled, However, the movement could not be long-lasting because the increment in the rates

The Dollar Steady as Employment Data keeps Buyer in Control   The U.S. Dollar moving in a balanced form on Monday. The last week’s strong U.S. employment report keeps interested investors on the edge with looking forward to data on the U.S. services sector for the assurance of a firm economic bounce back from the

AUD/USD walks water above 0.7600 AUD/USD clings to the consolidative mood above 0.7600. Support comes in at the YTD lows near 0.7530(Thursday). US NFP is looking forward to being in the limelight later on Friday. The Aussie Dollar alternates gains with losses vs its American Counterpart, leaving the price movement around AUD/USD side-lined over the

When are the Eurozone prelude CPIs & how could they affect EUR/USD?   Summary on Preliminary CPIs Eurostat will announce the first estimate of Eurozone inflation figures for March at 0900 GMT on Wednesday. The headline of CPI (Consumer Price Index) is an antedate to come in higher at 1.3% YoY while the core inflations are

USD/CHF invigorates multi-month tops amid sustained USD buying     USD/CHF cut out of a two-day-old trading range and refreshed multi-month tops on Tuesday.  The optimistic US economic outlook, rising US bond yields continued underpinning the greenback. A positive risk tone registered on the safe-haven CHF and provided an additional boost to the pair.  The USD