Wednesday, September 30, 2020
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Oil market outlook continues to worsen

The market stays under pressure following the news that Libya is set to increase its oil production and exports after an eight-month blockade Oil prices came off recent lows...

Safe-haven dollar sends the euro to two-month lows

Still, the overall picture for EUR remains constructive as long as the pair stays above the 100-daily moving average The euro keeps losing ground for the fifth day in...

Bitcoin stuck under strong resistance

It looks like BTC will struggle for direction in the immediate term Bitcoin price struggles to regain upside momentum since its rejection from the $11,100 resistance reached last week. BTCUSD has...

Stocks erase losses but recovery looks fragile

US stock index futures have settled in the green territory  On Tuesday, European stocks erasing losses along with US futures, locking their wounds after a broad-based sell-off witnessed yesterday....

Why dollar outperforms gold these days

As the fiscal stimulus ussie in the United States remains unresolved, the greenback could come under renewed selling pressure The US dollar keeps rising versus major counterparts on Tuesday,...

USDJPY at six-month lows amid widespread risk aversion

In a wider perspective, the dollar could suffer further losses amid rising political uncertainty surrounding the November elections Global stock markets keep bleeding on Monday amid rising concerns over...

Bitcoin clings to the $11,100 handle before another bullish attempt

On the weekly timeframes, BTCUSD has been deriving support from the ascending 20-SMA since late-April Bitcoin has been consolidating with a bullish bias these days, oscillating around the $11,000...

Pound edges lower after the Bank of England decision

The UK economy remains unusually uncertain, said the central bank  Pound came under pressure following the outcome of the Bank of England monetary policy meeting. GBPUSD slipped from intraday...

Gulf of Mexico storm pushes oil higher

If $41 turns into support on a daily closing basis, the latest breakout will be confirmed Oil prices rallied strongly on Tuesday, extending gains today. Brent exceeded the $40...

FOMC economic projections will matter for the dollar

Investors don’t expect any changes to the current monetary policy while the central bank’s economic forecast could set the tone for the greenback Later today, the FOMC monetary policy...