Investors continue to snap up U.S. Dollars after rising bond yields as well as optimism around the U.S. economic recovery. USD/JPY extends as Japanese Yen loses favor.
GBP/USD continues to trade just under the 1.40 level, with no sign yet of either a break higher or a break lower. Wednesday’s UK Budget had little in it to…
Federal Reserve Chairman Jerome Powell’s upcoming speech may dictate the near-term trajectory of the US benchmark Dow Jones Industrial Average and S&P 500 equity indices.
Positive vaccine progress, fiscal stimulus hopes and an unperturbed Federal Reserve may open the door for long-term Treasury yields to continue pressing higher, and in turn weigh on gold prices.