Sunday, June 26, 2022
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Euro bulls in control as USD remains offered

Hawkish remarks from ECB members add to upbeat tone surrounding the common currency The euro retains bullish bias since the start of the week, extending its rebound due to a weaker dollar....

Dollar stays resilient despite correction

The US currency remains on the offensive as the Fed continues to outperform other major central banks After peaking at fresh two-decade highs in the 105.80 area last week,...

Gold remains driven by USD, yields

The precious metal set for biggest weekly drop in a month after starting it near a one-month peak Gold remains driven by USD dynamics, struggling to capitalize on risk-averse environment...

Bitcoin threatens $20,000 as crypto winter bites

The coin has lost around 70% of its value since its all-time high in November 2021 On Wednesday, bitcoin briefly dipped to the $20,000 figure for the first time since late-2020...

Dollar off peaks ahead of Fed decision

If the central bank prefers a more cautious decision, USD bulls would be disappointed The US dollar extended the recent ascent to fresh two-decade highs around 105.65 to finish around 105.30...

Euro to revisit long-term lows as pressure builds

Hotter-than-expected US inflation figures triggered a rise in expectations for 75 bps rate hike instead of 50 bps Following three days of steep losses, the euro bounced on Tuesday as risk...

Cable set to extend losses

The Bank of England may face dilemma as there is a significant headwind for the bank to keep tightening in the coming months The cable has been losing ground for the...

Gold could suffer a sharp bearish correction

The safe-haven metal has been somehow supported by elevated economic and geopolitical concerns Gold prices were mostly pressured this week, struggling to hold above $1,850 amid the rallying dollar. Still,...

Bitcoin stays range-bound, clings to $30,000

Investors in wait-and-see mode in anticipation of fresh economic signals that could affect central banks’ tightening plans The bitcoin price briefly exceeded the $31,500 zone at the start of the week...

Dollar rebounds, focus on yields

Risk sentiment remains unstable and vulnerable, suggesting the dollar could yet attract more robust demand Global stocks rebounded on Wednesday as inflation worries have abated somewhat, pushing bond yields...