Euro/Dollar
The euro fell against the US dollar to the level of 1.0936. The pair's attempt to test the resistance at 1.0977 is visible.
There was a significant rise in the yield of US Treasury bonds to the level of 2.142%.
Despite a slight decline on Monday, the US dollar continues to be at record high positions of the last five years.
This week, the market's attention will be focused on the US Federal Reserve meeting, the result of which may be an interest rate increase for the first time in four years.
Due to the increased geopolitical tensions, the probability of a 50 basis point rate hike is almost disappearing. However, given the high level of inflation, a rise of 25 basis points is quite likely.
Meanwhile, the Bank of Japan is thinking about the following actions to restore the economy of the country affected by the global pandemic as soon as possible.
On Tuesday, the index of economic sentiment of the European Union and Germany, the volume of purchases of long-term US securities, as well as the index of manufacturing activity of the United States is expected to be published.
Pound/Dollar
During the trading Tuesday, the pound paired with the dollar were in the lower limits of the price range, in the support area of 1,3007. At the end of the last sessions, the US currency showed strengthening ahead of the release of important economic statistics of the United States. If the exchange rate breaks the strong support boundary at 1.3007, the probability of reaching the next mark at 1.2880 will increase.
The yield of British bonds reached the level of 1.6105% after a significant strengthening.
The external news background increases volatility in world markets and in this regard, on Monday there was an increase in the yields of government bonds of the United States, Great Britain and Germany. Traders and investors are waiting for the next round of negotiations between Russia and Ukraine, hoping for an early resolution of the conflict.
Meanwhile, the interest rate of ten-year US Treasuries has increased to 2.14% per annum, reaching the maximum of the last three years. The yield of bonds of similar maturity in Germany and Britain rose to 0.34% and 1.6%.
Data from the UK labor market will today contribute to the growth of trade dynamics in pairs with the presence of the pound. It is expected to publish changes in the number of applications for unemployment benefits, as well as information on the unemployment rate and the average wage in the country.
Gold
Gold continues to stick to the downward course and is currently within the price range of the beginning of March 1830 - 1814 dollars per ounce. In the case of confident sales, the first target will be the mark of 1918 dollars per ounce.
The US stock market ended trading mixed on Monday, due to positive dynamics from the utilities, healthcare, finance sectors and weak signals from the consumer services, gas, oil and technology sectors. The Dow Jones remained at 0.00%, the S&P 500 index fell by 0.74%. The banking metal showed negative dynamics.
The market is waiting for the start of the US Federal Reserve meeting, where the issue of the base interest rate will be resolved. Many believe that the regulator will still raise the rate by 25 basis points.
Jerome Powell previously stated that there is a high probability of raising the rate by 25 bps and the Central Bank may tighten measures due to record high inflation.
Cryptocurrencies
On Monday, BTC broke through the support boundary of $38280 and is currently consolidating within the trading framework of $39856 - $38280.
According to the results of Monday, the capitalization of the crypto market amounted to 1.73 trillion dollars, while on Sunday there were figures of 1.75.
Meanwhile, the media reported that the Financial Regulation and Supervision Authority of the United Kingdom demanded to close all cryptocurrency ATMs in the country, declaring them illegal. The FCA statement says that the companies do not have licenses to install such terminals and, in this regard, their activities should be immediately terminated. At the moment, there are 81 ATMs in the country for the purchase of digital assets.
The regulator also provided a list of companies illegally engaged in the sale of cryptocurrencies, 110 of which have already stopped working at the moment.