Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
In dollars, there is a new sell-off, while the euro was lifted today by strong PMIs. But before the close of the week, it could have been swallowed up by the yen. Moderate risk aversion in Europe keeps the yen afloat. US futures are mixed at the time of writing, but appear vulnerable.
As for the week, the dollar finished with the worst performers, followed by the Aussie and the Loonie. The yen is likely to be the strongest currency, followed by the euro.
The US dollar, in terms of the US dollar index (DXY), is reversing Thursday’s pullback and revisiting the 91.00 area at the end of the week. Thursday’s positive price action around the US dollar was boosted by the recent surge in coronavirus cases, especially in India and Japan, and President Biden’s plans to increase the capital gains tax.
Nevertheless, the index resumes its decline and on Friday again puts the 91.00 marks, always on the background of improving sentiment in the complex of risks and the lack of serious growth in US yields.
Indeed, the dollar is losing momentum and extending the volatile activity seen in past sessions as it moves to the lower end of the recent range around the key support in the 91.00 zones. The greenback is struggling to hold its ground around 91.00 amid continuing consolidation sentiment, always expecting a resumption of the soft note on US yields and a loss of enthusiasm for reflation/vaccine trade in the US.
Yen and EUR Stays Strong
Positive corporate reports so far have been good for most, and in Europe, Nestlé also released surprisingly strong data today showing the food giant grew more than twice as fast as expected. Markets in Europe and Asia have shown positive dynamics today, despite the record number of infections in India. The euro strengthened against the US dollar ahead of today’s ECB meeting. Oil prices remain volatile amid rising coronavirus cases and rising US oil inventories.
Japan’s economy continued to grow gradually due to aggressive monetary easing, which had a positive impact on bank profits, ”said Bank of Japan (BOJ) Governor Haruhiko Kuroda speaking in parliament on Friday. Kuroda added: “Bank profitability has declined as a trend due to the continued environment with low-interest rates, structural factors such as an aging population.”
Yesterday, the ECB first lowered the single currency slightly before the euro returned to the path of strength. ECB President Christine Lagarde denied expectations that the central bank is already considering limiting bond purchases and made it clear that the ECB remains focused on improving data on the eurozone. At the same time, Lagarde expressed optimism and predicted a sustained recovery for the region in the second half of the year, which will further support the euro. Strong PMI readings in the eurozone today, which showed that both the services and manufacturing sectors continued to grow in April, add to the positive sentiment.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
