Articles by Myrsini Giannouli

The dollar exhibited very low volatility on Thursday morning, as traders awaited the release of inflation and unemployment data later in the day.

Wednesday was a slow day for the USD, with the dollar index ranging between 95.50 and 95.77 for most of the day.

On Tuesday, gold traded rather low, as the dollar strengthened and treasury yields rose.

The International Energy Agency in its monthly oil market report released on Wednesday, raised its demand estimates by 200,000 b/d for 2021 and 2022, reflecting that the impact on economic activity and oil demand from the omicron variant remained "relatively subdued."

The cryptocurrency market has been under pressure for the past few weeks, as Central Banks turn to a more hawkish monetary policy and stocks go down.

Tuesday was a tough day for most major cryptos, as rising US yields and USD price put pressure on the cryptocurrency market.

On Tuesday, Brent crude rose to $88.2 per barrel, the highest price in seven years, as limited supply cannot keep up with rising demand and some analysts predict that it will rise above $100 per barrel this year.

On Tuesday, the dollar index rose to 95.83 from a low of almost one week.

The USD was supported on Tuesday by rising real yields, with 2-year and 10-year yields hitting a 2-year high.