Here is what you need to know on Wednesday, April 21: Markets are licking their wounds after falling on Tuesday, yet the risk-off mood continues supporting the dollar. Australian and UK inflation figures met estimates and the focus shifts to the BOC decision. Gold is holding up while cryptocurrencies are mixed. S&P 500 futures have been edging higher after a day of losses in global equity markets in what seems like a correction after significant gains beforehand. Concerns about the spread of coronavirus in emerging markets were weighing on sentiment while America’s improving situation is supporting Wednesday’s recovery. The US dollar holds onto its gains, with EUR/USD dropping off 1.2050 despite EU regulators’ green light to using Johnson & Johnson’s vaccines. COVID-19 cases in the old continent seem to fall from their highs. GBP/USD is trading around 1.3950 after the UK Consumer Price Index came out at 0.7%, marginally below estimates. Producer prices surprised to the upside. AUD/USD is hovering above 0.77 after CPI met estimates at 0.8% but Retail Sales came out at 1.4% in March, showing the resilience of the Australian economy. The Bank of Canada is set to leave its interest rate unchanged at 0.25% and is set to publish new economic forecasts. Governor Tiff Macklem will hold a press conference and may comment on growing demand from the US, but concerns about a local housing bubble. See Bank of Canada Preview: Dovish surprise to lift USD/CAD Canada publishes inflation figures ahead of the BOC, and USD/CAD is trading around 1.26. Cryptocurrencies: Altcoins jumped on Tuesday, with Etehreum and XRP standing out, while Bitcoin remains stuck at lower ground, around $55,000. Gold extended its gains, marching toward $1,800 amid a drop in US yields. Returns on ten-year Treasuries stand at around 1.56%. Oil prices are more responsive to the risk-off mood, with WTI hovering around $62. The pause that refreshes: Are currency markets hesitant to run with US data? FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/NZD to tick down to 1.07 as travel bubble provides hopes for the kiwi – Credit Suisse FX Street 2 years Here is what you need to know on Wednesday, April 21: Markets are licking their wounds after falling on Tuesday, yet the risk-off mood continues supporting the dollar. Australian and UK inflation figures met estimates and the focus shifts to the BOC decision. Gold is holding up while cryptocurrencies are mixed. S&P 500 futures have been edging higher after a day of losses in global equity markets in what seems like a correction after significant gains beforehand. Concerns about the spread of coronavirus in emerging markets were weighing on sentiment while America's improving situation is supporting Wednesday's recovery. … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.