The pair is again below 1.1880. If the market continues to maintain a positive sentiment for purchasing companies shares and the yield of US treasuries will remain under pressure, it will negatively affect the US dollar, pushing the pair up.
Technical side:
The price is located above the middle …
Tuesday, April 6th, today’s news—pan-European index STOXX 600 hits a record high on positive outlook for the global economic recovery, German carmakers report a boost in activity. American markets are flat following Dow's and S&P 500's record close, cryptocurrency market value tops $2 trillion for the first time, Treasury yields …
The dollar against the yen provided temporary negative trades yesterday, to approach the support of the ascending channel, and we note that the price starts today with a noticeable rise to move away from the aforementioned support, which keeps the bullish trend scenario valid and effective for the upcoming period, …
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