Saturday, April 20, 2024
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Oil steadies after plunge to six-month lows

US crude oil output remained near record highs last week, adding to bearishness in the market Oil prices have steadied on Thursday after a solid four-day slide that pushed...

Bitcoin at fresh highs amid ETF approval anticipation

The coin derailed the $42,000 mark to find resistance around $42,300 that capped the ascent and triggered some retreat The price of bitcoin rallied to fresh April 2022 highs...

Dollar bounces after another slide

On the data front, the US economy accelerated at a 5.2% annualized pace in the third quarter The US dollar bounce slightly on Wednesday after finding support just below...

Gold keeps refreshing cyclical highs

Should the precious metal overcome the $2,018 immediate barrier in the near term, a stronger rally could be expected Gold stays bullish these days, refreshing cyclical highs above the...

Euro clings to the upper end of extended range

EURUSD holds above the key SMAs, trying to confirm the recent break above the 1.0900 figure The euro came off local lows to turn positive on Thursday after a two-day...

Oil steadies after climb, focus shifts to Fed, OPEC

The alliance is expected to consider additional production cuts Oil prices extended gains at the start of the week to add more than 2% on Monday. Brent crude peaked...

Bitcoin rally pauses, overall bullish tone persists

The coin rallied despite the delay in the approvals of Hashdex’s and Grayscale’s spot ETF applications Bitcoin saw another solid rally during the previous session to climb back to...

Dollar at the crossroads ahead of inflation report

Weaker-than-expected figures would hurt the currency further and could trigger a deeper retreat The US dollar struggles for direction on Tuesday after the recent slide from the 106.00 figure...

Gold under pressure since the start of the week

The metal could be affected through the dollar’s reaction to the upcoming speech from Powell The price of gold has been sliding for the fourth session in a row...

Dollar lacks recovery momentum

In the near term, the dollar index needs to overcome the 105.55 intermediate hurdle on the way to 106.00 The US dollar keeps recovering this week after an aggressive...