Wednesday, December 2, 2020
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Gold clings to multi-month lows, threatening the $1,800 mark

Doubts in vaccine efficiency cap gains in risky assets, suggesting the yellow metal may stay afloat in the near term Gold prices remain on the defensive, finding support just...

Euro adding to gains amid a weaker dollar

The current rally in the oil market adds to investor optimism amid expectations of supportive measures from OPEC+ As the greenback stays under pressure, the euro keeps adding to...

Bitcoin could struggle at $20,000. And here’s why

Uncharted waters raise uncertainty and could deter bulls Bitcoin price hit the $19,445 figure for the first time in nearly three years on Tuesday, retaining a bullish tone in today’s...

Dollar nears a critical point

A break below the 91.75 support could trigger a more aggressive sell-off and send the USD to long-term lows as a result US dollar has steadied during the European...

Oil pushes higher on vaccine hopes

The market is also boosted by expectations that the OPEC+ countries will announce an extension of current production cuts Oil prices extended the rally on Monday amid widespread optimism...

USDJPY dynamics points to lingering market uncertainly

The USD index itself climbed to three-day highs on Thursday amid tepid recovery attempts USDJPY turned marginally higher on Friday but still stays around local lows registered around 103.65...

Gold targets $1,850, risks remain to the downside

The longer-term outlook for the yellow metal stays upbeat as the global economy will continue to struggle amid the pandemic Gold prices keep bleeding for the third consecutive day...

Euro at a critical point. What’s next?

EURUSD may suffer a bearish correction as the pair could need the additional catalyst to challenge the 1.1900 mentioned barrier The euro has been climbing for the fifth session...

Bitcoin exceeds $18,000, targeting $20,000

The ongoing rally is mainly due to increasing institutional investment by MicroStrategy and Square Bitcoin price extended its spectacular rally on Wednesday, having exceeded the $18,000 barrier for the...

Oil prices struggle amid global uncertainty

OPEC+’s technical meeting brought support for a three-to-six-month extension of the current level of oil production cuts Oil prices rose to start the week amid the renewed vaccine optimism...