Forex Today: Watch out for the testimony of chairman Powell

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The American dollar maintained a stubborn prejudice at the beginning of the New Trade Week, because investors were afraid of the probability of the global trade war before the key testimonies of the head of Powell.

Here’s what you need to know on Tuesday, February 11:

The American dollar index (DXY) extended the recovery north of the obstacle 108.00 among tariff fears and despite the prejudices down in the USA. Personal testimonies of chairman Powell attracts all the attention of the NFIB Business optimism and speeches of Fed’s Hammack, Bowman and Williams.

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EUR/USD expanded the leg lower and again visited the region below 1.0300 at the back of further threats of American tariffs and stronger fire. Schnabel EBC is to speak.

GBP/USD traded with bears and tested multi -day areas of low near 1,2360. The BRC retail monitor will be issued before Mann and Bailey Boe speech.

USD/JPY regained additional adhesion on Monday, recovering the area above the 152.00 barrier after a two -month minimum.

Aud/USD has reversed two more daily withdrawal and continued the retarget of the key resistance area of ​​about 0.6300. Westpac consumer trust will be published by NAK delegated by the business trust indicator.

The prices of WTI added to Friday withdrawal and exceeded the rating of USD 72.00 per barrel despite a forceful dollar and threats to further tariffs.

Gold prices reached the peak of all time after reaching USD 2,500 per ounce of Troy, because the implementation of further tariffs can cause a global trade war. Silver prices followed in their footsteps and recovered an area above USD 32.00 per ounce.

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