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EUR/USD stays depressed near 1.2050 amid firmer yields, ahead of Powell
EUR/USD remains on the backfoot around 1.2050, as the US dollar rises with Treasury yields. Concerns about the pace of the yield surge dent the risk appetite. Focus on EZ retail sales and US data ahead of Fed Chair Powell’s speech.
GBP/USD steadies around 1.3950 as bond bears catch a breather ahead of Powell
GBP/USD picks up bids around 1.3950 following a bounce from 1.3921. UK unilaterally extended NI border checks, EU vows legal response. US Treasury yields regain upside momentum, driving the US dollar higher. Fed’s Powell will be watched to confirm reflation fears.
Gold’s fate hinges on Treasury yields, Powell’s speech
Gold struggles with its rebound as DXY firms up with Treasury yields. XAU/USD reached fresh nine-month lows at $1702 amid a renewed uptick in the US Treasury yields, as the bond market turmoil resumed on Wednesday.
Dogecoin Price Forecast: DOGE’s 50% lift-off delayed due to lack of volatility
Dogecoin price broke out of a descending triangle pattern on March 1. Dogecoin price has been traversing the descending triangle formation for more than 20 days—however, the recent swing high lead to a bullish breakout. Now DOGE eyes a 50% upswing to $0.076.
DXY continues to gain on Wednesday, eyes 91.60
US dollar firm and approaching Feb 4th highs from a significant technical support structure. US economy moderately gathering pace according to the Fed's Beige Book.