The Greenback extended its recovery from recent lows, adding to Wednesday’s uptick amid the move lower in yields and intense concerns surrounding the prospects of a global trade war.
Here is what you need to know on Friday, March 14:
The US Dollar Index (DXY) rose to three-day highs and regained the 104.00 barrier helped by higher US yields. The preliminary Michigan Consumer Sentiment takes centre stage across the Atlantic.
EUR/USD extended its correction from recent multi-month tops, receding to three-day lows in the 1.0825-1.0820 band. Germany will be at the centre of the debate with the releases of the final Inflation Rate and Wholesale Prices. In addition, the ECB’s Cipollone is due to speak.
GBP/USD set aside two daily advances in a row and retreated to the low-1.2900s on the back of further recovery in the US Dollar. An interesting UK calendar will feature GDP figures, Industrial and Manufacturing Production, Goods Trade Balance results, Construction Output, and the NIESR Monthly GDP Tracker.
USD/JPY halted its weekly recovery on the back of the resurgence of the appreciation in the Japanese yen, limiting the pair’s upside to the 148.40 zone. Next on tap in Japan will be the Balance of Trade readings and Machinery Orders, all expected on March 19.
Sellers regained the upper hand and forced AUD/USD to resume its downtrend, slipping back to the 0.6270 zone amid further gains in the Greenback. The next key data release will be the labour market report on March 20.
WTI prices resumed their downward bias and eroded two consecutive daily advances on the back of steady tariff concerns and the stronger Dollar.
Prices of Gold added to the weekly rebound and surged to all-time highs past the $2,980 mark per troy ounce. Silver prices gathered extra steam and came close to the $34.00 mark per ounce, levels last traded in late October.
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The Greenback extended its recovery from recent lows, adding to Wednesday’s uptick amid the move lower in yields and intense concerns surrounding the prospects of a global trade war.
Here is what you need to know on Friday, March 14:
The US Dollar Index (DXY) rose to three-day highs and regained the 104.00 barrier helped by higher US yields. The preliminary Michigan Consumer Sentiment takes centre stage across the Atlantic.
EUR/USD extended its correction from recent multi-month tops, receding to three-day lows in the 1.0825-1.0820 band. Germany will be at the centre of the debate with the releases of the final Inflation Rate and Wholesale Prices. In addition, the ECB’s Cipollone is due to speak.
GBP/USD set aside two daily advances in a row and retreated to the low-1.2900s on the back of further recovery in the US Dollar. An interesting UK calendar will feature GDP figures, Industrial and Manufacturing Production, Goods Trade Balance results, Construction Output, and the NIESR Monthly GDP Tracker.
USD/JPY halted its weekly recovery on the back of the resurgence of the appreciation in the Japanese yen, limiting the pair’s upside to the 148.40 zone. Next on tap in Japan will be the Balance of Trade readings and Machinery Orders, all expected on March 19.
Sellers regained the upper hand and forced AUD/USD to resume its downtrend, slipping back to the 0.6270 zone amid further gains in the Greenback. The next key data release will be the labour market report on March 20.
WTI prices resumed their downward bias and eroded two consecutive daily advances on the back of steady tariff concerns and the stronger Dollar.
Prices of Gold added to the weekly rebound and surged to all-time highs past the $2,980 mark per troy ounce. Silver prices gathered extra steam and came close to the $34.00 mark per ounce, levels last traded in late October.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
