Tuesday, February 7, 2023
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Gold struggles for direction this month

The yellow metal has been oscillating around the 100-SMA for the third week in a row Gold prices rallied earlier in the week to stop just a tad below...

Bitcoin steadies after BoJ-induced rally, bearish trend persists

A failure to clear the $17,000 immediate resistance could trigger a fresh sell-off Following a weak start to the week, the price of bitcoin rallied on Tuesday to add...

US dollar struggles to attract safe-haven demand

The USD failed to capitalize on the rally in the US Treasury bond yields across the curve The US dollar is back on the defensive after the recent failed recovery attempt....

Oil falls nearly 10% from local peaks despite a weaker dollar

The futures could extend the descent if the greenback switches into recovery mode after the recent slide Oil prices have been falling for the second week in a row as...

Euro buoyed as greenback stays on the defensive

In a wider picture, the upside potential remains limited as the Eurozone is expected to plunge into recession The euro retains a bullish tone these days as the dollar stays on...

Gold could see more gains due to a weaker USD

The precious metal retreated marginally in recent trading, in part due to some profit-taking Gold prices rallied amid a weaker dollar as fresh data out of the United States pointed...

Bitcoin visits two-year lows amid FTX news

BTCUSD stays under pressure, struggling to regain a bullish bias even at the current levels The price of bitcoin has been losing ground for the fourth consecutive session on Wednesday. Yesterday,...

Oil buyers dominate despite demand concerns

The market remains well supported by a prospect of a fall in Russian exports as the European Union tightens sanctions in a month Oil prices retreated marginally on Thursday on...

Dollar indecisive as Fed decision looms

Should the bank deliver a less hawkish message, the greenback may come under more intense downside pressure The US dollar failed to challenge the 112.00 figure on Tuesday to come under...

Euro demand is unlikely to reemerge in the near term

Traders could refrain from major bets ahead of the Fed meeting that would set the tone for the pair through the dollar’s reaction As the US dollar turned sideways...