Currencies Futures Prices
- ONE44 Bitcoin Update
Whenever the market holds 61.8% of a move, look for it to go 61.8% of where it just came from
- EURUSD Halts Weakness, Further Recovery Expected
All in all, EURUSD looks for more upside pressure in the days ahead.
- Pound Sterling Gains as UK Accelerated Vaccine Programme
Pound sterling continues to gain against other major currencies as the risk of a hard Brexit is now off-table. Last week, the currency also got a boost...
- ONE44 Ethereum Update
Ethereum has hit our long term target of 1425.00 posted on 1/5/21
- Yellen and Fiscal Front and Center
OUR WHOLE REPORT: ES, NQ, Crude Oil, Gold, and Silver
- EUR/USD Weekly Forecast
The downtrend may be expected to continue, while market is trading below resistance level 1.2130, which will be followed by reaching support level 1.1880...
Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell -0.265 (-0.29%). March euro-fx futures (E6H1) closed up +0.0048 (+0.40%), and EUR/USD (^EURUSD) rose +0.0051 (+0.42%). March yen futures (J6H1) closed down -0.02 (-0.02%), and USD/JPY (^USDJPY) rose +0.19 (+0.18%).
The dollar index on Tuesday posted moderate losses. A rally in U.S. stock index futures on Tuesday curbed liquidity demand for the dollar. Stocks rallied after Treasury Secretary nominee Yellen announced her support for President-elect Biden's large-scale stimulus plan at her confirmation hearing before the Senate Finance Committee. Yellen said, "further action is needed to avoid recession," and that "acting big" on stimulus is the smartest thing to do.
EUR/USD on Tuesday pushed higher after the Jan German ZEW survey expectations of economic growth index rose more than expected to a 4-month high. USD/JPY moved higher as a rally in stocks reduced the safe-haven demand for the yen.
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