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GBP/USD renews monthly top above 1.3900 on softer USD, Brexit optimism
GBP/USD picks up bids to refresh multi-day high above 1.3900. US dollar tracks Treasury yields to the south amid Fed’s dovish tilt. EU softens legal threat over NI protocol on demand of UK’s Frost. UK scraps quarantine rules for fully vaccinated EU, US travelers.
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Editors’ Picks
US Dollar Index teases two-week low on stimulus optimism, Fed’s dovish tilt ahead of US GDP
US Dollar Index (DXY) remains pressured around 92.25 amid Thursday’s Asian session. The greenback gauge portrayed a three-day downtrend following the Fed’s rejection to discuss tapering, despite staying optimistic on economic transition. Recently weighing on the quote is the news concerning US President Joe Biden’s infrastructure spending bill’s movement in the Senate.
Gold aims for $1821 and $1825 as next bullish targets
The Fed once again came to the rescue of the bulls, lifting gold price from around the key support around $1792 to take on the upside beyond the $1800 mark. So far this Thursday, gold price is extending the post-Fed rally towards the critical SMA200 one-day at $1821.
MATIC Price Prediction: Polygon looks to double in market value
MATIC price is currently grappling with a crucial resistance level, a breakdown of which could send it flying to a demand barrier that could trigger a reversal in the short-term downtrend. A 100% upswing to $1.727 is on the cards for Polygon.