Friday, March 29, 2024
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EURUSD Could Extend the Bearish Trend

EURUSD Could Extend the Bearish Trend

EURUSD has been trading inside the narrowing range, with downside bias persisting, both in the short-term and the weekly charts. The pair struggled to get back above the 1.11 barrier...
Oil Market in Wait-and-See Mode

Oil Market in Wait-and-See Mode

Crude oil prices are making modest recovery attempts on Tuesday, after a brief dip below the $62 handle in the previous day. Brent is marginally higher in the daily...
The Kiwi Dollar Still Struggles to Make a Decisive Break above the 100-DMA

The Kiwi Dollar Still Struggles to Make a Decisive Break above the 100-DMA

After two weeks of gains, the Kiwi dollar started trading on a positive note on Monday. NZDUSD rose to 0.6427 but was rejected from daily highs as the 100-DMA...
Gold Bulls Retreat on News from China

Gold Bulls Retreat on News from China

Gold prices extend losses for a fourth day in a row on Monday, with the futures challenging one-week lows marginally above $1,456. The bullion is still capped by the 100-DMA,...
Dollar Finishes Week on a Mixed Note

Dollar Finishes Week on a Mixed Note

The dollar looks unsettled after a mixed week amid a number of conflicting signals from the US-China trade front. Investors continue to wonder if the two countries manage to finally strike a...
Aussie Dollar Faces Major Test Next Week

Aussie Dollar Faces Major Test Next Week

Aussie dollar is making shallow bullish attempts on Friday and finishes the third negative week in a row. AUDUSD struggled to challenge the 0.6930 area earlier this month and fails...
Bitcoin at Crucial Point: When Will the Reverse Take Place?

Bitcoin at Crucial Point: When Will the Reverse Take Place?

Bitcoin price extends heavy losses on Friday and registered mid-May lows below the $7,000 handle in recent trading. Interestingly, the cryptocurrency has been falling further despite the sentiment in financial markets improved...
EURUSD Needs a Bullish Catalyst

EURUSD Needs a Bullish Catalyst

EURUSD resumed the ascent after a brief dip on Wednesday. The pair is challenging the 110-DMA on the way to the 1.11 handle, mostly due to a generally weaker dollar....
Oil Still Threatens the $60 Handle, Trade Developments in Focus

Crude oil Still Threatens the $60 Handle, Trade Developments in Focus

Crude oil prices were rejected from early-November lows around $60.30 and rallied strongly in the daily charts. But Brent failed to clear the $62.80 local resistance and retreated partially...
Gold Bulls Bet on Escalation in Trade Tensions

Gold Bulls Bet on Escalation in Trade Tensions

Gold prices struggle to regain the upside momentum despite risk aversion continues to prevail in the financial markets. In the light of recent developments, investors are starting to doubt that...