The deep sale of the dollar seems to have taken a respite on Tuesday despite the fact that commercial tensions remain well present, all in the context of the growing expectations before the publication of US retail sales and President Powell’s speech on Wednesday.
This is what you need to know on Wednesday, April 16:
The dollar (DXY) index obtained a good boost and tried a recovery that exceeded the key barrier of 100.00. Weekly MBA mortgage requests are scheduled, before retail sales, industrial and manufacturing production, the use of capacity, business inventories, the NAHB housing market index, the Net ICT flow Hammack
The EUR/USD continued to suffer some renewed sales pressure and reviewed the containment zone below 1,1300. The results of the current account of the EMA and the final inflation rate on the domestic agenda are expected.
The GBP/USD maintained its upward position and rose to new maximums of several months around 1,3250. The Key Inflation rate of the United Kingdom will be the center of attention to the other side of the channel.
The USD/JPY sailed in a positive direction above the 143.00 region in the middle of the continuous fall of several months. Reuters Tankan index and machinery orders will be published.
The advance in the AUD/USD remained unchanged on Tuesday, approaching this time to the key resistance zone around 0.6400. The following on the agenda will be the advance index of Westpac.
The WTI prices alternated profits and losses below the mark of 62.00 per barrel after the rebound of the US dollar and the expected lower demand for crude oil indicated by the IEA.
Gold prices achieved modest advances above the 3,200 $ Troy brand despite the slight increase in the dollar and the decrease in tensions in the front of tariffs. Silver prices backed marginally after re -testing recent maximums of several days about $ 32.50 per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
