Forex Today Secure Securities Streams dominate mid-week markets

Wednesday, January 19 Here is what you need to know:

Wall Street’s major indexes fell sharply, with 10-year U.S. bond yields rising 1.9% on Tuesday for more than two years. With Russia-Ukraine tensions, inflation and the growing number of coronavirus cases in Asia, a safe flow continued to dominate financial markets. On the day, construction permits and housing start-ups are presented in the US Economic Document and Statistics Canada publishes the December Consumer Price Index (CPI).

The US dollar index, which monitors the dollar’s performance against the six major currencies, rose 0.5% on Tuesday to more than 95.50.

Euro / dollar It fell sharply on Tuesday and has already canceled all the benefits it earned last week. The pair has so far flown more than 1,1300 but the volatile market conditions make it difficult to meet shared demand. Annual HICP showed an increase of 5.7% in December, in line with flash estimates and market expectations, according to data released by Desatis on Wednesday.

GBP / USD Inflation from the UK is trading at around 1.3600 following Tuesday’s sharp fall, as the British pound appears to be gaining momentum against its rivals. Consumer prices rose 5.1 percent year-on-year to 5.4% year-on-year in December, according to the UK Bureau of Statistics. This reading won the market estimate of 5.2 percent.

USD / JPY UST-bond yields rose more than 115.00, but changed direction in the second half of the day, attracting JPY investors as a safe haven. The Bank of Japan’s quarterly earnings report indicates that rising commodity prices have not spread.

Gold It closed in the negative zone on Tuesday but the key support area near $ 1,800 remains intact. Further losses could be witnessed if productivity causes another leg of yellow metal to fall below this level.

Despite its broad dollar strength. USD / CAD Crude oil prices continue to fluctuate around 1.2500 as they support Loni. Canada’s annual CPI is expected to rise from 4.7% in December to 4.8% in November. The inflation reading may be more encouraging in the second half of the day and vice versa.

AUD / USD It fell below 0.7200 and seems to be having a difficult time preparing for a convincing recovery. The Australian Bureau of Statistics will release January Consumer Expectations and Unemployment Information on the first trading session of the Asian session on Thursday.

Bitcoin It remained low to $ 40,000 after the flat closed on Tuesday. Ethereum Wednesday is falling for the third straight day and he wants to try $ 3,000.

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