Here is what you need to know to trade on Tuesday, January 18: The greenback managed to post modest gains against its major rivals and looks to preserve its bullish momentum early Tuesday with the USDollar Index rising above 95.30. TradeToday FX Forex
The greenback managed to post modest gains against its major rivals and looks to preserve its bullish momentum early Tuesday with therising above 95.30. The benchmark 10-year US Treasury bond yield is at its highest level in two years near 1.85%, up more than 1% on a daily basis. ZEW Survey from Germany will be featured in the European economic docket ahead of NY Empire State Manufacturing Index data from the US on Tuesday.
said that they are not considering hiking the key rate or tweaking the current monetary easing. Additionally, the BOJ reiterated in its quarterly report that the economic pick-up is becoming clearer.fluctuated in a tight range and closed the day virtually unchanged near $1,820 on Monday. Rising US Treasury bond yields seem to have started to weigh on the yellow metal in the early Europen session. edged lower despite renewed dollar strength on Monday and tests 1.2500 early Tuesday.
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