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Skip to main content | FXStreet Blog | GET THE APP | Newsletter MENU Show navigation FXStreet - The forex market FXStreet - The forex market Home RATES & CHARTS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels Technical Confluences Detector EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News Forex News Institutional Research EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis Latest Analysis EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Risk On/Off Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar Economic Calendar Interest Rates Market Hours Coronavirus Brexit Nonfarm Payrolls Fed BoC ECB BoE BoJ RBA RBNZ SNB Cryptos Latest News Rates & Charts Education Bitcoin Ethereum Ripple Litecoin Bitcoin Cash Video Latest Live Videos Shows Schedule Become Premium Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers Forex Brokers Broker News Broker Spreads Signals Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels Technical Confluences Detector ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Forex News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis SECTIONS Latest Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Risk On/Off Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Coronavirus Brexit Nonfarm Payrolls Fed BoC ECB BoE BoJ RBA RBNZ SNB Cryptos SECTIONS Latest News Rates & Charts Education SECTIONS Bitcoin Ethereum Ripple Litecoin Bitcoin Cash Video SECTIONS Latest Live Videos Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads Signals ; EUR/USD holds above 1.21 after US retail sales miss estimates EUR/USD is holding onto its gains above 1.21 after the US reported no change in April's retail sales, below 1% expected. The Control Group plunged by 1.5%. The dollar is falling across the pond. RECOMMENDED EUR/USD Forecast: Only a dead cat bounce? US Retail Sales may trigger a downfall to 1.20 EUR/USD News GBP/USD trades below 1.41 after US consumption data GBP/USD is trading above 1.4050, benefitting from the better market mood. Sterling is shrugging off worries about the spread of new virus variants, which may delay the reopening. US retail sales missed estimates, causing jitters. GBP/USD News XAU/USD looks to recapture $1840 ahead of US Retail data Gold could be on the verge of a lower low, but the hourly time frame is key. The hourly support structure is guarding a break to test bullish commitments at 1,800. The 10-day EMA and confluence of the 50% mean reversion are also offering support. Gold News SHIB Price looks to rally 30% as markets recover SHIBA price suffered a fatal fall after, Ethereum creator Vitalik Buterin removed liquidity for the token on Uniswap. However, Shiba Inu seems to be holding up fine as it bounced off a demand barrier, eyeing a comeback. Read more US April Retail Sales Preview: Inflation dynamics to drive USD valuation Retail Sales in US are expected to continue to increase in April. USD outperforms its rivals following CPI inflation data. 10-year US Treasury bond yield remains on track to post strong weekly gains. Read more LATEST NEWS Pound Sterling Price News and Forecast: GBP/USD clings to modest gains near 1.4065-70 area By FXStreet Team | 3 minutes ago USD/CAD drops to daily lows near 1.2100 after US and Canada data By Eren Sengezer | 4 minutes ago Wake Up Wall Street (SPX) (QQQ): The bounce is on for that Friday feeling but retail sales weigh By Ivan Brian | 7 minutes ago Fed's Mester: Fed policy is in a good place By Eren Sengezer | 25 minutes ago GBP/USD refreshes session tops, awaits a move beyond 1.4100 mark post-US Retail Sales By Haresh Menghani | 38 minutes ago Canada: Manufacturing Sales rise by 3.5% in March as expected By Eren Sengezer | 43 minutes ago EUR/USD Price Analysis: Further upside targets 1.2180 By Pablo Piovano | 47 minutes ago US: Retail Sales stay unchanged at $619.9 billion in April By Eren Sengezer | 50 minutes ago Is Airbnb Inc. (ABNB Stock) subject to the “UBER Disease”? By Boris Schlossberg | 52 minutes ago Ethereum Classic Price Prediction: ETC targets $500 next By Sarah Tran | 60 minutes ago USD/JPY Price Analysis: Remains depressed near 109.30-25 area ahead of US data By Haresh Menghani | 12:17 GMT More Latest News It’s now or never! Are you new to trading and want to get a good start? Become Premium! PARTNER BROKERS IN YOUR LOCATION BROKER PROMOTIONS DEEPER DIVE Five factors moving the US dollar and not necessarily to the downside For the dollar, that light at the end of the tunnel turned out to be a truck roaring at full throttle to run it down. The news of coronavirus vaccines sent stocks higher and the safe-haven dollar lower. Alongside decisive US elections and later some fiscal stimulus, there was no need to run for shelter, and the dollar suffered. The Homeworking Revolution: Change accelerates for businesses, real estate and stock markets The pandemic-fostered explosion of working-from-home will be a permanent change. COVID-19 has reinforced trends that were remaking the business office before the pandemic. Property valuation and tax revenue will flow from cities to suburbs and high-cost to low-cost states. Top commodities to trade amid global reflation: Silver and copper to outshine gold price Commodities witnessed an interesting end to a decade in 2020. Traders were caught off-guard by the unprecedented coronavirus crisis last year. Likewise, a strong recovery across the commodities board came as a surprise, bringing them in vogue and kick-starting a super cycle. Technical Confluences Detector EUR/USD: Will it sustain the bounce above 1.2100? Key levels to watch EUR/USD is swiftly recovering ground above 1.2100, as the US dollar corrects its recent rally to weekly highs. Investors resort to profit-taking on the USD longs ahead of all-important US Retail Sales and Consumer Sentiment data. Meanwhile, the Fed’s policymakers continue to see rising inflation as transitory, weighing negatively on the US Treasury yields while aiding EUR/USD’s bounce. How is EUR//USD positioned on the technical graphs? The Technical Confluences Detector shows that EUR/USD is threatening powerful resistance at 1.2130, which is the convergence of the SMA100 one-hour, SMA5 one-day and Fibonacci 23.6% one-week. If the buyers find a foothold above the latter, the previous month highs of 1.2150 could be on their radars. Read Full Report Go to the Tool Page CRYPTOCURRENCIES Bitcoin clings to support, on-chain metrics show sellers' onslaught Bitcoin price underwent a severe nosedive as Elon Musk revealed Tesla’s decision on accepting payment in BTC. This development was the major highlight of the week, with the recent mining difficulty adjustment coming in at a close second. More Bitcoin News Ripple reversal could result in 30% advance XRP price has witnessed a massive crash due to the Tesla-induced market crash on Wednesday. Now Ripple could either test the immediate demand barrier or slice through the supply zone to rally higher. More Ripple News Shiba Inu looks to rally 30% as markets recover SHIBA price suffered a fatal fall after, Ethereum creator Vitalik Buterin removed liquidity for the toke...