fxstreet.com 23 Feb, 2021 11:00 am

Extends gains over 1.4000; upside pressures persist

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.

Read full story at fxstreet.com