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FTUKcom
Mar 22, 2021 12:40 PM

The currency markets are relatively sedate... Long

U.S. Dollar Currency IndexTVC

Description

The currency markets are relatively sedate and orderly as evidenced by the index hugging a tight line either side of 92.000 amidst relative calm in bond land after recent antics and last Thursday’s particularly aggressive bear-steepening that propelled benchmark yields to and through psychological levels. Indeed, the DXY is meandering between 92.155-91.872 and most of the Greenback’s G10 rivals are rangebound awaiting a catalyst to break one way or the other that could come from data, events and/or speakers today, but may be more likely later in the week given up to date and forward looking surveys like the preliminary Markit PMIs and Ifo. Upside anticipated over the remain days of this month.
Comments
cryptobullethbtcxlm
I think well break that resistance box and kiss 94 in the coming weeks... seems like the fed has a plan here
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