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Sunday, June 20, 2021
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USD Firm as Traders Await for Fed’s Inflation Gauge

#dollar #inflation #Fed #bitcoin #ether

$USD $DXY $CNY $BTC $ETH

Thursday in Asia USD found support from a sense that the Fed will surely move towards a discussion about tightening monetary policy, while the RMB Yuan hit a 3-yr high.

Investor have huge short bets on the Buck’s fall, and just the suggestion of tapering is enough to hold off further selling.

Participants are also cautious ahead of US jobs and GDP data Thursday and inflation Friday

DXY is holding Wednesday’s gains and was steady at 90.055.

Cryptocurrencies are trading nicely as they recapture last wks declines.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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