Thursday, March 4, 2021
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Progress on US stimulus bill pushes oil higher

A slowdown in China’s February factory activity growth capped gains in the market Following a solid bearish correction, oil prices rose on Monday, regaining the $65 handle at the...

Dollar lifted by safe-haven demand

US stock futures managed to erase early losses, suggesting risk aversion could be abating already The US dollar rallied overnight, with buying pressure persisting during the Asian hours on...

Bitcoin steadies after a plunge

The latest bouts of volatility are not unusual for bitcoin and cryptocurrency markets in general Bitcoin price has steadied around the $50,000 psychological level on Thursday following the recent...

Dovish Powell weighs on dollar

The upcoming House vote on Joe Biden’s $1.9-trillion stimulus bill could add to the selling pressure surrounding the greenback  The US dollar index stays depressed around 90.00 following Powell’s...

Gold failed to hold at one-week highs

The overall bullish trend remains intact in the markets as investors continue to price in economic recovery Gold prices briefly rose to one-week highs around $1,815 earlier in the...

Euro off lows as dollar recovery losses steam

EURUSD has got a lift from upbeat economic data out of Germany Following gains in Asia, dollar recovery is losing steam during the European hours as risk sentiment looks...

Risk sentiment improved at the end of the week

Eurozone composite PMI rose to a two-month high in February  Following some profit-taking across the global financial markets, stocks managed to regain a bullish tone as risk sentiment has...

Euro in recovery mode, but bullish potential limited

The upside potential for the euro is capped by the fact that the level of infections remains high within Europe for the time being The euro proceeded to recovery...

Bitcoin price hits $50,000, further gains ahead

It looks like the digital coin will retain a strong bullish tone in the short term despite the overbought conditions Bitcoin price has finally broken above the $50,000 psychological...

Gold lacks recovery momentum despite dollar weakness

The reason behind metal’s inability to regain ground is the upbeat market mood Gold prices turned marginally positive on Tuesday following three days of losses. The precious metal bounced...