Tuesday, May 21, 2024
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Oil steadies after a 5% plunge

In the immediate term, it looks like the futures could struggle to attract robust demand Oil prices saw a solid sell-off on Tuesday, with Brent crude losing around 5% amid...

Dollar comes off new cyclical highs, stays resilient

Rising US Treasury yields keep supporting the greenback as a major sell-off in bonds persists The US dollar came off fresh cyclical highs registered just above the 101.00 figure earlier in the day...

Euro targets fresh long-term lows as USD bulls remain in control

Should dip buyers reemerge, the pair may regain 1.0800, but downside risks continue to persist in a broader picture  In thin trading conditions on Easter Monday, the euro stays under pressure,...

Bitcoin signals a bounce but buyers look indecisive

The coin seems to have found a local bottom around $39,100 earlier in the week  After a sharp sell-off at the start of the week, the bitcoin price notched one-month lows...

Gold struggles around one-month highs, uptrend remains intact

The bullion rallied despite the ascent in the greenback across the market Gold prices surged to one-month highs above $1,980 on Wednesday in a six-day winning streak as geopolitical and inflation concerns...

Downside for Brent is limited

OPEC warned that it would be impossible to replace potential supply losses from Russia Oil prices rallied 6% on Tuesday to get back above $100 a barrel as dip...

Dollar resilient ahead of US inflation data

The USD index has been rising for the ninth consecutive session The US dollar looks steady on Tuesday, with investors gearing up for US inflation report due later today. The USD index keeps...

EURUSD bounces but stays on the defensive

The euro could derive support from the ECB meeting if the central bank delivers a hawkish tone The EURUSD pair bounced off more than one-month lows seen around 1.0836 on Friday to regain...

Bitcoin set to extend losses in the near term

The current sell-off could be another buying opportunity for bulls as the broader outlook for the cryptocurrency market remains upbeat Bitcoin has been drifting lower these days as the prices...

Gold remains stuck in a range below the 20-DMA

As long as geopolitics and inflation stay in focus, buying in dip will persist in the gold market  Gold prices have been clinging to a familiar range since late March,...