fxstreet.com 18 Feb, 2021 08:15 am

Why bulls may come on top as three forces fight for influence

Why bulls may come on top as three forces fight for influence
Americans are off to a shopping spree, but does that make King Dollar unstoppable? The easy answer is that the answer depends on weekly jobless claims

The easy answer is that the answer depends on weekly jobless claims – Thursday's critical data point – but there are other factors to take in into account.Weekly jobless claims are set to provide a reminder that the economy is still struggling.See US Initial Jobless Claims Preview: Can they help the dollar?Some are concerned that this good news is bad news – as it may lower pressure for stimulus.

2) Fed feels optimistic The Federal Reserve's meeting minutes from its January meeting showed that the world's most central bank is upbeat on America's growth prospects in 2021 – more than beforehand.See US Federal Reserve Minutes: Watch what we do and what we say 3) Shopping but still out of work EUR/USD most recent downward move was triggered by superb US Retail Sales – volume leaped by 5.

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