Tuesday, October 4, 2022
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Oil struggles as risk aversion persists globally

The market derived some support from US production cuts caused by Hurricane Ian Oil prices bounced slightly on Tuesday but came under renewed selling pressure today as risk aversion continues...

Dollar rally pauses, but bulls don’t give up

The bullish tone surrounding the US currency is likely to persist as long as the Federal Reserve continues its rate-hiking cycle The US dollar surged to fresh multi-year tops at the...

The cable at record lows in risk-off rout

Traders doubted that new measures, including tax cuts, could cure the British economic problems As the US dollar surged across the board to extend the rally, the cable plunged to historic lows at...

Gold set to stay below $1,700 amid rising USD

The bullion is likely to stay on the defensive due to the ongoing policy tightening by major central banks The price of gold has been in consolidation mode these days, holding...

Bitcoin poised for more losses

BTC is likely to stay pressured along with other coins amid subdued risk demand The price of bitcoin saw another volatile session on Wednesday as the prices briefly peaked just below...

Oil prices off lows, but lack recovery momentum

Brent looks directionless after three weeks of losses, with the $90 handle in focus Following two days of modest gains, oil prices fell on Tuesday after failed attempt to challenge $93...

USDJPY to extend the ascent amid monetary policy divergence

The Bank of Japan is set to maintain a dovish stance this week USDJPY has been retaining a modest bullish bias since the start of the week, holding onto the...

Dollar demand reemerges as Fed meeting looms

The US central bank is widely expected to raise rates by 75 basis points, with the probability exceeding 80% The dollar peaked at 110.25 last week to finish around 109.55 on...

Gold keeps bleeding, extra losses could be in store

The metal could stay on the defensive in the months ahead as the Fed alon will continue tightening The price of gold has been losing ground for the sixth week in...

Bitcoin sellers keep dominating the market

The digital currency is back around the $20,000 psychological level The bitcoin price advanced towards $22,700 earlier in the week but failed to extend the ascent as the crypto market plunged...