What you need to know on Monday, March 29: The American dollar eased on Friday but finished the week with gains against most major rivals. Stocks were up, weighing on demand for the greenback, also affected by profit-taking ahead of the close. The EUR/USD pair finished the week sub-1.1800, and near its 2021 low at 1.1762, maintaining the bearish stance, although GBP/USD neared the 1.3800 level. Commodity-linked currencies benefited from the positive tone of Wall Street, but gains were modest. Gold was unable to attract investors throughout the week, ending it marginally lower around $1,732.00 a troy ounce. Crude oil prices edged higher, as the Suez channel remains locked, with WTI settling at $60.70 a barrel. The number of new coronavirus cases in the EU and the US is on the rise. Market players are paying little attention to the news and remain confident about an economic comeback before the year-end. The focus is also on possible inflationary pressures in the US, which may force the Federal Reserve into raising rates sooner than expected. Dogecoin Price Forecast: Additional gains are likely with a break above $0.057 S&P 500 Index Weekly Forecast: Stocks stay strong, Suez still stuck! 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 USD/CAD Forecast March 29-April 2 – Canada GDP in focus Kenny Fisher 8 months What you need to know on Monday, March 29: The American dollar eased on Friday but finished the week with gains against most major rivals. Stocks were up, weighing on demand for the greenback, also affected by profit-taking ahead of the close. The EUR/USD pair finished the week sub-1.1800, and near its 2021 low at 1.1762, maintaining the bearish stance, although GBP/USD neared the 1.3800 level. Commodity-linked currencies benefited from the positive tone of Wall Street, but gains were modest. Gold was unable to attract investors throughout the week, ending it marginally lower around $1,732.00 a troy ounce. Crude oil… Top 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.
