Forex Signals – Forex Signals Brief for Apr 13: USD Remains Weak
It was a relatively uneventful day in US equity markets while the greenback didn’t see much movement either.
However, the downtrend in the USD is noteworthy and it is clear that there is a move away from the greenback for now, even though bond yields continue to rise.
In the meantime, the precious metals gave up some ground yesterday BTC They failed to collect a real $ 60,000 fee. This week’s Coinbase listing will be an event to watch as it could propel Bitcoin and the entire sector higher.
The data agenda
As for the data, there will be some releases worth monitoring during the meetings in Europe and the US.
From the UK, we’re taking a look at the latest GDP update, which is understandably terrible. The latest German ZEW economic sentiment can also be seen in Europe.
In the US, we get a CPI, and as I discussed yesterday, the expected 2.5% is unlikely to come close to real inflation.
Forex Signal Update
The FX Leaders Team met 1 winner from 3 trades as it was a quiet start to the new trading week.
AUD / USD – watch
The AUD / USD remains relatively weak lately despite the weakness of the USD. This suggests that there is selling pressure there. We are here briefly.
Gold – active signal
After looking bullish GOLD fell away yesterday. We are here briefly for the time being.
BTC It didn’t really look like it was holding above the $ 60,000 level, and again, some of the other cryptos are leading the way at the moment.
XRP has broken out of its flag pattern and is about to undergo another test at the $ 1.50 level.
While BNB continues its parabolic upward trend, reaching as high as $ 640.