Canadian Dollar Hit by Falling Oil Prices
The Canadian dollar extended losses on Wednesday, after
an aggressive sell-off in the previous day amid a decent decline in oil
prices. USDCAD jumped to 1,5-month highs above the 1.33 handle and...
Dollar Attracts Safe-Haven Demand Ahead of FOMC Minutes
The dollar regained positive momentum against major currencies except for safe-havens on Wednesday, as risk appetite has waned amid fresh negative news from the trade front. Trump insists on imposing...
Japanese Yen Retains Upside Potential
As risk aversion prevails in the financial markets, the Japanese yen extends gains for a second week in a row. Further signs of a gridlock in the US-China trade...
Bearish Trend in Bitcoin May be a Buying Opportunity
Bitcoin suffered steep losses over the last two days,
with prices plunging from the $8,500 area, down to October 25 lows just
below the $8,000 handle. The world’s leading cryptocurrency has been...
Stocks Stay Afloat Despite Trade Doubts
After fresh all-time highs on Wall Street, Asian shares were mixed on Tuesday amid some trade doubts. Meanwhile in Europe, equities rallied as risk sentiment turned positive again. Investors...
Euro’s Bullish Potential Remains Limited
Despite the recent gains, the euro bulls struggle to stage a more significant progress as the dollar remains relatively steady. In part, this is due to the lack of...
Oil Bulls Struggle Despite Positive News
After two weeks of modest gains, Brent crude struggles to extend the ascent on Monday. Oil bulls refrain from further buying despite fresh positive news from the trade front....
Gold Loses Shine Amid Renewed Trade Optimism
Gold prices extend the retreat for a second day on Monday, after a brief dip to three-month lows and the subsequent recovery last week. The precious metal is back below...
What to Expect from FOMC Minutes This Week
The dollar started the week on the back foot against the high-yielding counterparts amid the prevailing risk-on sentiment in the financial markets. However, the greenback could regain some strength...
Global Markets Cautious Despite Renewed Trade Deal Hopes
Investors express a cautious optimism on Friday, as trade deal
hopes reemerged after the White House economic adviser Larry Kudlow
noted overnight that the two sides are getting closer to a partial...
