FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
FxPro information and reviews
OctaFX information and reviews

USDIndex lost ground falling to 92.85

2 April 2021

Q2 kicked off in strong fashion for both bonds and stocks, with trading activity accelerated by the market closures on Good Friday with only Treasuries open for a shortened session to accommodate the jobs report. A delayed month-end bid provides initial support to Treasuries after Wednesday’s hefty losses. A disappointing initial claims report sparked additional buying that eventually saw longer dated rates fall over 7 bps to a low of 1.669% on the 10-year and 2.35% on the 30-year.

On the other side of the coin, Wall Street had a strong session too, supported by increasing optimism over the recovery amid widening vaccine distribution and more stimulus. A surge in the ISM manufacturing to its highest since 1983 provided an extra spark. The rally took the USA500 up over 1% and through the 4000 level for the first time ever, while the drop in Treasury rates helped lift the USA100 to a better than 1.7% gain. The USA30 rallied 0.5%.

In FX markets, the USDIndex lost ground falling to 92.85, while USDJPY has come under some pressure to 110.40, as has the Dollar generally. Softer Treasury yields likely prompted some position squaring, while the failure to take out the 111.00 level Wednesday and today resulted in some profit taking from the sharp rise seen over the past week or so. The EUR and GBP turned higher but currently soften.

Gold and Silver rally, with the first at 1730 and the latter at 24.95.The USOIL spiked to $61.73 after reports that OPEC would leave production levels unchanged through the end of April, then increase production by more than 2 million barrels per day to the market by July.

Many in the market expect demand to outstrip supply beginning in the summer, which may have been behind the rally back to $60.40, following the knee-jerk sell-off. Saudi Arabia will unwind its voluntary cut from May-July.




The EUR/USD Price Prediction 2022. The Bulls or the Bears, Who Will Prevail?
The EUR/USD Price Prediction 2022. The Bulls or the Bears, Who Will Prevail?

Euro/US Dollar (EUR/USD), for which we will provide the price forecast for the year 2022, is the most actively traded currency pair on the foreign exchange market, also known as Forex or FX...

2 Dec 2021

The greenback remains calm
The greenback remains calm

EURUSD is rather calm on Thursday; the pair is waiting for the news. The major currency pair reached stability while waiting for the news. The current quote...

2 Dec 2021

EURUSD is "seasick"
EURUSD is "seasick"

EURUSD will have to consider an earlier reduction of the US QE programme. The major currency pair reached stability on Wednesday after "rolling in rough weather" the day...

1 Dec 2021

The demand in the greenback is increasing
The demand in the greenback is increasing

After making a short pause on Friday, EURUSD is falling again. The major currency pair is under pressure again after a short break. The current quote for the instrument...

29 Nov 2021

The Euro's oversold is a sign for more volatility to come
The Euro's oversold is a sign for more volatility to come

The Euro fell against the dollar to 1.1200, a new 16-month low, having lost more than 4% in the last four weeks. The downward trend in the single currency accelerated...

26 Nov 2021

EURUSD is knocked out again
EURUSD is knocked out again

After testing another “bottom”, the major currency pair is consolidating. EURUSD continued falling and tested another low yesterday; right now, it is consolidating....

25 Nov 2021

HotForex information and reviews
XM information and reviews
FXCM information and reviews
AvaTrade information and reviews
LegacyFX information and reviews
FP Markets information and reviews
FP Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.