Wednesday, May 5, 2021
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Euro gives up gains amid stronger dollar

Persisting worries about the surge in coronavirus cases add to the safe-haven dollar demand The euro came under pressure on Monday, extending losses today as the dollar bounced from...

Bitcoin erases last week’s losses, back above $50,000

The coin is on track for its biggest gain since February 8 Bitcoin price extended losses to fresh early-March lows just below the $47,000 figure earlier on Monday before...

US dollar is back on the defensive

The currency failed to preserve gains, slipping back to local lows despite steadier bond yields Following a short-term spike seen yesterday, the US dollar index is back under pressure...

Gold steady below the $1,800 barrier

If the dollar comes back under the selling pressure, the bullion could overcome the key short-term hurdle  Gold prices turned marginally lower on Thursday following two days of gains....

Oil prices struggle amid COVID-19 surge

The U.S. Energy Information Administration will release its inventory data for last week later today Oil prices extended gains to fresh one-month highs around $68 on Tuesday, but failed...

Euro extends rally amid dollar weakness

Later in the week, the ECB meeting will set the tone for the common currency  The euro remains on the offensive these days amid broad-based weakness surrounding the dollar....

Dollar extends losses to five-week lows, pressure intensifies

Global stocks surged to fresh highs amid the persisting expectations of a strong economic recovery despite the ongoing pandemic The dollar came under heavy selling pressure during the European...

Bitcoin extends correction from all-time highs

The coin retreated to the $60,000 figure that represents the immediate support Earlier in the week, the bitcoin price surged to fresh all-time highs around $64,875 in anticipation of...

Gold lacks bullish impetus despite dollar weakness

In the medium term, the outlook for gold depends on dynamics in long-term Treasury yields Gold prices have been struggling for direction these days, failing to stage a robust...

Oil prices edge higher on falling inventories, a weaker dollar

OPEC raised its forecast for global oil demand growth Oil prices have finally managed to overcome the 20-DMA on Tuesday, extending the ascent today. Brent crude surged to early...