fxstreet.com 23 Feb, 2021 11:00 am

Extends gains over 1.4000; upside pressures persist

GBPUSD is trailing the upper Bollinger band hiking to a new 34-month high of 1.4085. The pair is exhibiting a sturdy positive tone, something also ref

p XAU/USD retreats from one-week tops, on the defensive below $1810 level A combination of factors failed to assist gold to capitalize on the early uptick to one-week tops.p EUR/USD sets four-week high, eyes Powell's testimony EUR/USD advances toward 1.Housing data, Fed’s Powell testimony, Consumer Confidence next on tap.p Bitcoin stages a quick bounce above $50,000 after the 11% sell-off The wild ride in Bitcoin continues in Tuesday’s Asian trading, as the BTC sellers are back in control, knocking off prices by almost 11%.

Although, strong bids emerged just above $48,500 levels, prompting the flagship cryptocurrency to stage a quick recovery back beyond the $50,000 mark.00, looks to Fed, data DXY consolidates the recent drop and hovers around 90.

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Extends gains over 1.4000; upside pressures persist

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Cross-asset markets find their footing

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XAU/USD looks south ahead of the Fed decision

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Indian rupee rises to fresh high since September 2020

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XAU/USD prices stabilise having seen earlier gains eroded

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USD/JPY extends the upside in firmly bullish technicals

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Downside looks contained

USD/JPY faces potential upside to the 104.75 area – UOB

Stellar primed for a 30% breakout as sentiment turns extremely bullish

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Further losses appear unlikely

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Risk reduction dominates sentiment

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