Here is what you need to know on Monday, January 18: The dollar strengthened on the back of a dismal market mood. Poor US employment and retail sales data spurred the sour sentiment, which extended into the weekly close. The greenback posted substantial gains against most of its major rivals. Concerns were triggered by a delay in the Pfizer’s vaccine distribution in Europe, which revived concerns about economic progress within the pandemic context. Wall Street closed in the red, US Treasury yields edged lower. The EUR/USD pair fell sub-1.2100, while GBP/USD settled below 1.3600. Commodity-linked currencies also lost ground but were somehow resilient to the dollar’s demand and falling equities. On Saturday, Prime Minister Boris Johnson announced additional restrictive travel measures on Friday, to protect “against the risk of as yet unidentified new strains.” The UK will close all travel corridors starting this Monday, and anyone flying into the country will need to provide a negative coronavirus test. Gold plunged on renewed interest for the dollar, posting its lowest settlement in a month at $1,827.80 a troy ounce. Crude oil was also affected, with WTI closing the week at $52.00 a barrel. Top 3 Losers Of The Week Litecoin, Bitcoin Cash, EOS: Dips offer opportunities to enter bull markets 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 Ethereum Price Prediction: ETH holds steadfast above $1,200 ahead of upswing to $1,400 FX Street 2 years Here is what you need to know on Monday, January 18: The dollar strengthened on the back of a dismal market mood. Poor US employment and retail sales data spurred the sour sentiment, which extended into the weekly close. The greenback posted substantial gains against most of its major rivals. Concerns were triggered by a delay in the Pfizer’s vaccine distribution in Europe, which revived concerns about economic progress within the pandemic context. Wall Street closed in the red, US Treasury yields edged lower. The EUR/USD pair fell sub-1.2100, while GBP/USD settled below 1.3600. Commodity-linked currencies also lost ground but… 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.
