EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Uncategorized

Dollar Strengthens Ahead of US Retail Sales

Admin by Admin
February 16, 2023
in Uncategorized
0
USD/JPY
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
MMC MMC


The US dollar is continuing to show potential bottoming signs. Tuesday’s release of hotter-than-expected US inflation data, combined with weaker CPI data from the UK and a drop in Eurozone industrial production today, have all helped to boost the appeal of the US dollar in favour of the euro and pound.

We have also seen the USD/JPY take out 133.00 resistance, while gold and silver have been trending lower on the back of rising bond yields.

But whether or not the recovery for the dollar will hold remains to be seen. The greenback has absorbed a lot of hawkish Fed speak and above-forecast US data. Yet it has bounced only modestly off its lows.

Investors have repeatedly shown preference to racier equities, which has weighed on the appetite for haven US dollar. But is the tide turning? Will the dollar index start trending higher again? The immediate focus will be on US retail sales due for release shortly.

Support for the dollar this morning came from weakening foreign currencies.

Also Read– Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Source: Forex
Tags: ForexUSDUSD/JPY
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Charity Tied To Former FTX Exec Made $150M From Insider Deal On FTT Tokens

Next Post

Binance Under Investigation By SEC

Admin

Admin

Next Post
Binance and SEC

Binance Under Investigation By SEC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0

Defi (Decentralized Finance)

0
Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023
Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

March 27, 2023
Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

March 27, 2023

Recent News

Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023
Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

March 27, 2023
Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

March 27, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>