By: Eamonn Sheridan
Steven's comments so far are about Australia taking on responsibility for reform processes as G20 chair. There may be more relevant comments to come, staying tuned.
Steven's comments so far are about Australia taking on responsibility for reform processes as G20 chair. There may be more relevant comments to come, staying tuned.
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Editors’ Picks
EUR/USD: Bulls target 100-DMA again ahead of Eurozone PMIs
EUR/USD is back on the bid above 1.2000, snapping three straight days of sluggishness. The US dollar has resumed its downtrend, helping the spot to make another attempt towards 1.2050. Eurozone/US PMIs awaited after a non-event ECB.
GBP/USD: Looks to UK Retail Sales, PMI to regain 1.3900
GBP/USD stays mildly bid above 1.3850, as the US dollar retreats across the board. Covid vaccine updates and upbeat UK data outweigh renewed Brexit jitters. Focus shifts to the UK Retail Sales and PMIs.
Bitcoin price falls below $50K as investors rush to exit crypto markets on Biden's tax proposal
Bitcoin price crashed below $50,000 after an announcement revealed that US President Joe Biden could increase capital gains taxes for the rich. The leading cryptocurrency fell in tandem with the US stock market as fears of a potential tax hike loom.
Gold sellers attack $1,781 support-confluence
Gold extends Thursday’s losses from two-month top, bounces off intraday low. Downbeat momentum signals further weakness but 100-HMA, eight-day-old support line tests intraday sellers. Bulls need a clear break above $1,798 to regain market acceptance.
Forex Today: Taxes scare stocks and cryptos, dollar retreats from highs ahead of PMIs
Stock markets are on the back foot amid concerns of higher US capital tax increases and rising covid cases in Asian countries. Cryptocurrencies are suffering an extended sell-off. PMIs from Europe, the UK and the US stand out.