AUD/USD trades close to 0.7600, eroding 25-pips over the last hour. The US dollar stages a sharp rebound amid a cautious market mood. Mixed NAB Business Survey and growing coronavirus concerns continue to dent the risk appetite. US CPI awaited.
EUR/USD’s rebound falters, as sellers return on Tuesday. EUR/USD continues to move back and forth around 1.1900, lacking a clear directional bias, as investors eagerly await the US CPI data release for a fresh trading impetus.
XAU/USD bears are lurking at a critical level of resistance. Gold is correcting from a significant area of support as pressures mount in general and the focus can be on an optimal shorting point as price meets a significant area of confluence.
Binance Coin price increase in 2021 reflects the rise of BNB from a simple utility token to something much more complex and useful for traders. The token’s momentum is slightly extended on an absolute basis, but relative to the February highs, there is still more upside potential.
William Watts with MarketWatch sees the “biggest Inflation scare in 40 years” on its way. He expects massive amounts of stimulus coupled with a boom associated with easing COVID restrictions to generate a surge in prices like the nation hasn’t seen since the late 1970s to early 1980s.