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    Asian stock markets poised for potential losses in the wake of Wall Street’s downturn

    Asian stock markets poised for potential losses in the wake of Wall Street’s downturn

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian stocks may face headwinds after sell-off on Wall Street

    Asia equities trading mixed following similar performance on Wall Street

    Asian markets poised to react positively

    USD/MYR Technical Analysis

    USD/MYR Technical Analysis

    Asia equities trading sideways following choppy price action on Wall Street

    Asian equities poised for positive trading following volatile session on Wall Street

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    Asian stock markets poised for potential losses in the wake of Wall Street’s downturn

    Asian stock markets poised for potential losses in the wake of Wall Street’s downturn

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian stocks may face headwinds after sell-off on Wall Street

    Asia equities trading mixed following similar performance on Wall Street

    Asian markets poised to react positively

    USD/MYR Technical Analysis

    USD/MYR Technical Analysis

    Asia equities trading sideways following choppy price action on Wall Street

    Asian equities poised for positive trading following volatile session on Wall Street

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US dollar continues to gain ground on major currencies during early Thursday trading

Ricardo Evangelista by Ricardo Evangelista
February 4, 2021
in Forex, Opinion
Reading Time: 1 min read
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US dollar continues to gain ground on major currencies during early Thursday trading

Photo by Omid Armin.

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Now on its fourth consecutive session in the green, the US dollar continues to gain ground on other major currencies during early Thursday trading, as rising Treasury yields triggered an increase in demand for the greenback. These gains are justified by the growing confidence of investors in a rosier future for the American economy, fuelled by the promise offered by President Biden’s stimulus plan and by encouraging private sector employment numbers published on Wednesday, that showed a recovery in new jobs added during January. More employment data will be published later today and tomorrow; should it support the current optimism, demand for the dollar is likely to remain high, with the Federal Reserve coming under pressure to start reviewing its current dovish stance.

Tags: FEDstimulus packageUS dollarUS Dollar indexUS treasury
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Ricardo Evangelista

Ricardo Evangelista

Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.

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