Forex Today: Dollar keeps its footing ahead of mid-tier data

[OZER]

Here is what you need to know on Wednesday, December 29:

The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday. Later in the day, November Pending Home Sales and Goods Trade Balance will be featured in the US economic docket but these data are unlikely to trigger a noticeable market reaction.

Wall Street's main indexes closed mixed on Tuesday and US stocks futures indexes are posting modest gains in the early European session. The 10-year US Treasury bond yield continues to move sideways in a narrow range below 1.5%.

The US, the UK, France, Greece and Portugal all registered record-high one-day increases in new coronavirus cases on Tuesday but this development doesn't seem to be having a significant impact on risk sentiment. Reports continue to suggest that the Omicron variant is less severe than the Delta variant.

EUR/USD is testing 1.1300 after closing in the negative territory on Tuesday as the dollar's market valuation continues to drive the pair's movements.

GBP/USD turned south after touching its highest level in five weeks at 1.3463 on Tuesday. The pair is currently posting small losses around 1.3420.

USD/JPY preserves its bullish momentum and stays within a touching distance of 115.00 early Wednesday.

Gold climbed to its strongest level since late November at $1,820 on Tuesday but made a sharp U-turn. XAU/USD is edging lower toward $1,800 in the European morning.

Bitcoin lost more than 6% and broke below $50,000 on Tuesday before going into a consolidation phase around $48,000. Ethereum also suffered heavy losses and fell below $4,000 after managing to hold above that level in the previous five days.

[rahar]

no one talked about financials?

[SmitFish]

SILVER AND GOLD, ENOUGH SAID.....

[conveyance]

China's housing market is dying after the 3td rest estate company goes into default , blackouts cause companies to shutdown & the shipping container backlog -

[M_ES_silva]

Hilarious, crypto to the Moon

[jakeydave]

Acknowledging the potential of *Crypto* is the only way to recover fast from this pandemic.

[masterogel2]

Love the smarts in the crypto space!

[Tuxx]

Look at media trying to scare you into selling

[heide]

tc.>>6B<"Don't fight the trend"> is an old saying, and there are other variants of the phrase like "never catch a falling knife." The bot line is thatinvestors programs. A portfolio I got into with 1.3B TC was quickly increased to 5 traders should not try to anticipate trend reversals, or even worse, try to improve their average while losing. It really doesn't matter whether one is trading soy futures, silver, stocks or cryptocurrencies. Markets generally move in cycles, which can last from a few days to a couple of years. In B.T.C's case, it's hard for anyone to justify a bullish case by looking at the chart. It is much more complicated than some would have you believe but from Frederick Johnson approach, bear market aren't worth losing from if you use the ongoing new bie

[salisbury]

Hate to tell you,  U.S.  has more fuel than any other nations.  Government sold out .

[furman]

Cathy Wood sez Value will be slammed in 2022  Over supply

[lau]

5:50 This guy has no clue about Bitcoin, period. It is ok, but they need to read more about it before sharing opinions in this manner. Btw, I do not think Bitcoin is the best asset. Nevertheless saying Bitcoin does not have fundamuntal value is incorrect.

[sphenoid]

Hertz is literally on Tesla's website smashing that buy button 100k times because Tesla doesn't give a damn about their order due to ridiculously high demand.

[supergrilygamer]

What about the Israeli government??

[Hobojimmy]

No