The DXY broke aggressively higher last week, but is already in the process of continuing its recent pattern of failed spikes; lower levels anticipated.
WTI crude oil prices pulled back after hitting a two-and-half year high of $69.97. Investors are assessing a rosy demand outlook, the ongoing pandemic and the resumption of Iran nuclear…
Gold prices retreated Monday after Janet Yellen showed her support for Biden’s spending plans and welcomed a “slightly higher” interest rate environment. Real yield edged higher, weighing on bullion.
The US Dollar steadied against most ASEAN currencies this past week. Key support levels remain in play looking at USD/SGD, USD/THB and USD/PHP. USD/IDR may rise with a new trendline.