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EUR/USD Forecast: Dollar catches momentum with upbeat Retail Sales


2/17/2021 1:54:22 PM GMT
EUR/USD Current Price: 1.2033
US Treasury yields at fresh one-year highs providing support to the greenback.
US Retail Sales soared by 5.3% in January, far better than anticipated.
EUR/USD is technically bearish and at risk of breaking lower.
The EUR/USD pair has fallen sharply throughout the first half of the day, accelerating its slump after the release of US Retail Sales, which rose in January 5.3%, much better than anticipated. The core reading, Retail Sales Control Group, jumped from -2.4% to 6%, also beating expectations. Also, the country published the January Producer Price Index, which was up 1.7% yearly basis.   ....

Retail Sales Control Group , January Producer Price Index , Industrial Production , December Construction Output , Retail Sales , Yield Curve , சில்லறை விற்பனை கட்டுப்பாடு குழு , ஜனவரி ப்ரொட்யூஸர் ப்ரைஸ் குறியீட்டு , தொழில்துறை ப்ரொடக்ஶந் , டிசம்பர் கட்டுமானம் ஔட்‌புட் , சில்லறை விற்பனை , மகசூல் வளைவு ,

EUR/USD Forecast: Turned Bearish In The Near-Term And Could Retest The 1.1951 Level


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Upbeat US Retail Sales and soaring Treasury yields boosted the greenback.
FOMC Meeting Minutes noted economic recovery moderated in the last months. 
EUR/USD has turned bearish in the near-term and could retest the 1.1951 level.
The EUR/USD pair traded as low as 1.2022 as demand for the greenback prevailed most of the day. US Treasury yields were the main driver, as that on the 10-year Treasury note peaked at 1.33%, its highest in a year. The American currency retained most of its intraday gains despite yields retreated ahead of Wall Street’s close, finding support in upbeat local data. On the other hand, stocks traded dully, with uneven losses in European and American indexes. ....

United States , Wall Street , January Producer Price Index , Industrial Production , Monetary Policy Meeting Accounts , Term Technical , ஒன்றுபட்டது மாநிலங்களில் , சுவர் தெரு , ஜனவரி ப்ரொட்யூஸர் ப்ரைஸ் குறியீட்டு , தொழில்துறை ப்ரொடக்ஶந் , பண பாலிஸீ சந்தித்தல் கணக்குகள் , கால தொழில்நுட்ப ,