Investing.com investing.com 11 Jan, 2021 16:00 am

Opening Bell: Dollar Surges, Bitcoin Plunges As Global Equities Sell Off

Opening Bell: Dollar Surges, Bitcoin Plunges As Global Equities Sell Off
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

The dollar posed a rising gap—in a mirror image of the falling gap seen in yields—but has seen little movement since.p While it found resistance by the 200 DMA, the yellow metal is forming a hammer, though the 200 DMA’s resistance formed a small upper shadow, diluting some of the bullish impact.The renewed risk-off sparked a race into Treasuries, causing a falling gap, as there were only buyers at these levels.p The digital asset rebounded from almost $34,000 to the mid-$35,000 after nearing the minimum level considered a correction on a Fibonacci scale.

6% lows, after Germany—the continent’s economic steam engine—suffered 40,000 deaths despite imposing some of the harshest pandemic restrictions .1%) underperformed, ending sharply lower after data revealed that the country’s factory prices fell to the slowest pace in ten months.

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