US Wrap

US equity markets finished the session marginally higher, but once again both the USD and bond yields crept up.

We’ve been watching bond yields closely in recent times and we can see that the US 10-year is starting to push back towards the highs around the 1.75% mark. This is helping to drive demand for the Greenback and subsequently weighing on the majors and commodity markets.

We also saw a sharp jump in both BTC and ETH, as Visa announced it would start accepting payments via the stable coin US Coin.

The Data Agenda

The main data point today will be US consumer confidence in what is an otherwise very bare economic calendar on Tuesday.

The expectation is that confidence is on the rise in March, which comes on a number of US states opening up and removing all restrictions.

Forex Signal Update

The FX Leaders Team hit 1 winner from 2 trades, as the Greenback pushed higher for another day.

Make sure you follow our live signals as volatility is rising and we can see the VIX is back above 20.

USD – Watching

The Greenback is pushing back towards the highs as mentioned and remains bullish.

Oil – Active Signal

WTI is pushing higher, despite a rising USD and word that the Ever Given has been refloated. We are short for the time being.

Cryptocurrency Update

BTC has been bullish over the past 24 hours, thanks to the Visa news.

Price hit the $58,000 level, where it ran into resistance which has been present since mid-February.