Friday, April 10, 2020
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The euro lacks the upside momentum despite a broad-based dollar weakness

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...
On Monday, markets at last witnessed risk recovery

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...
Dollars and euro with flag in table

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...
U.S. President Donald Trump speaks during a meeting with U.S. Representative Jeff Van Drew, a Democratic lawmaker who opposed his party's move to impeach Trump, after Van Drew announced he was becoming a Republican, in the Oval Office of the White House in Washington, U.S., December 19, 2019. REUTERS/Joshua Roberts - RC2LYD9TMVVC

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...
On Friday, markets maintain their cautious mood intact

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...
The yellow metal may receive a decent boost once the economy starts to show more pronounced signs of weakness

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 declined amid rise in oil prices

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...
Markets are mostly cautious, oil enjoys the US mediation

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...
The euro declined to nearly one-week lows marginally above 1.09

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...
The first day of the Q2 was quite eventful: traders focus on coronavirus headlines

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...