Dollar dips as risk sentiment remains positive
The dollar has turned lower against major counterparts on Tuesday as investors continue to express optimism over the slowing growth in coronavirus cases in some countries. Also, markets bet...
Coronavirus loses its grip, markets enjoy risk-on
At the beginning of the new trading week, markets finally enjoy some risk-on
as the number of coronavirus deaths in the most affected countries such
as the US, Italy, Spain and South...
EURUSD under pressure amid the lingering dollar demand
On Friday, the EURUSD
pair continues its march north and challenges the 1.0800 round figure.
The pair lost about 60 points on a daily basis and keeps on staying in
the red...
Oil prices stage a relief rally. What’s next?
Crude oil prices briefly jumped above the $36 handle overnight and retraced most of the gains afterward. On Friday, Brent saw some profit-taking early in the day but regained the...
Oil and virus among the key drivers for investors
On the last trading day, risk-off remains safe and sound as the number of coronavirus
cases continue to rise relentlessly. According to the latest
statistics, more than one million people worldwide contracted...
Gold under pressure below $1,600
Despite yesterday’s bounce amid a wide-spread risk aversion, gold prices struggle to keep the upside momentum and stage a more sustainable recovery, with the bullion staying under the $1,600 ...
USDCAD: China rescued oil, dragged major down
On Wednesday, the USDCAD pair traded with gains and closed the day in the green zone near the 1.4190 level. However, today’s modest rally in oil prices supported the Loonie and the...
Coronavirus holds markets on the back foot
On Thursday, markets maintained their cautious sentiment
though gloomy picture was interspersed with some optimism amid positive
oil headlines. Most majors stayed in the familiar ranges. EURUSD lost
some ground and moved...
EURUSD at fresh lows amid risk-off trends
On Wednesday, the EURUSD
pair lost over 100 pips and dropped to the area of March 26 lows at
1.0917. The major opened the day in the green zone above the key...
Welcome to Q2: oil market issues and pandemic set the tone
On the first day of the new quarter, cautious sentiment in the global markets was intact amid the ongoing coronavirus pandemic.
Most majors traded in the familiar ranges and the US Dollar kept on...
