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EUR/USD Forecast: Retreating from highs but still bullish


4/20/2021 12:45:27 PM GMT
EUR/USD Current Price: 1.2027
The American currency recovers modestly following the sour tone of equities.
A scarce macroeconomic calendar leaves currency pairs in the hands of sentiment.
EUR/USD corrects overbought conditions but holds well above 1.2000.
The EUR/USD pair extended its advance to 1.2079, a fresh one-month high, retreating afterwards but holding on to substantial weekly gains in the 1.2040 price zone. The sour tone of Asian and European equities, sharply down after Monday’s gains, paused the dollar’s decline and helped it bounce modestly. Nevertheless, it remains the weakest currency across the FX board.
The macroeconomic calendar has little to offer this Tuesday. Germany published the March Producer Price Index, which surprised to the upside by printing at 0.9% MoM and 3.7% YoY. The US macroeconomic calendar has nothing relevant to offer today. ....

United States , March Producer Price Index , ஒன்றுபட்டது மாநிலங்களில் , அணிவகுப்பு ப்ரொட்யூஸர் ப்ரைஸ் குறியீட்டு ,

USD/JPY Weekly Forecast: US data confirms recovery but markets take profit


4/16/2021 4:26:40 PM GMT
USD/JPY falters as Treasury yields slide, drops 1% on the week.
10-year yield sheds 15 points to Thursday, recovers 5 on Friday.
Excellent US Retail Sales, Jobless Claims provide no immediate dollar support.
Consolidation likely in USD/JPY as markets await initial US second quarter data.
FXStreet Forecast Poll predicts extending USD/JPY weakness.
In a classic case of following the bouncing yields, the USD/JPY sank for the first four days as US Treasury yields saw their steepest losses in a month then rebounded as the credit market reversed on Friday.
From Monday’s close at 1.675% the return on the benchmark 10-year note dropped 15 basis points to 1.530% on Thursday and the USD/JPY descended from 109.66 to 108.78. Friday’s reversal in yield, up six points to 1.59%  stabilized the USD/JPY above 108.80 after Thursday’s intra-day dip to 108.61.  ....

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