Coming into 1Q’21, my expectation was that “if growth is the story of 2021, the underperformers of early-2020 should do well.” It is worth acknowledging outperformances and underperformances thus far.
Aussie has surged more than 3% off the monthly low with the breakout now eying uptrend resistance. Here are the levels that matter on the AUD/USD technical charts.
The Australian Dollar appreciated against its US counterpart during the first quarter of 2021 with AUD/USD briefly trading above the 0.8000 handle in February.
Silver hit a fresh three week high following strong prints in retail sales and jobless claims, but future move will likely remain tied to the path of US yields.
Bitcoin broke out in a big way on the day of the Coinbase IPO, but it's Ethereum that's continued to push with even more strength over the past 24 hours.
USD/JPY price action might be on the move back higher as the US Dollar looks likely to strengthen in response to a 9.8% surge in monthly retail sales and better-than-expected…