Wednesday, May 1, 2024
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Oil demand muted, market lacks momentum

In part, the bounce in oil prices is due to a weaker dollar that was pressured by a more dovish Fed Oil prices bounced on Thursday after a three-day...

Bitcoin needs sustained impetus

Market participants are wondering whether it’s time to buy bitcoin or more attractive buying opportunities could be expected The price of bitcoin holds relatively steady these days, oscillating around...

Gold continues to target the $2,000 barrier

Should the buck extend the ascent in the near term, gold will struggle to challenge the psychological level Gold bounced aggressively at the end of last week to register...

Dollar trims losses, volatility persists

Despite the recent sell-off, the downside potential looks limited at this stage The dollar tries to bounce after the recent plunge amid a retreat in US Treasury yields from...

Oil buoyed by lower stockpiles and Iran

US crude stockpiles fell by 4.5 million barrels last week after a 10.176-million jump in the prior week The oil market has been in recovery mode these days, extending...

Euro lacks demand to stage recovery

The EURUSD pair is to overcome the descending 20-DMA at this stage in order to see a more pronounced bounce The euro is back under pressure on Tuesday after...

Bitcoin approaches danger zone

The BTCUSD pair may retarget the $26,000 handle that triggered a bounce in late September Bitcoin has been losing ground since late last week to see a solid selling...

Gold needs more decisive buying interest

The precious metal struggles after a rejection from the $1,865 local resistance The price of gold stays elevated after a solid bullish gap seen at the start of the...

Dollar rally pauses, but bulls remain in the game

The buying pressure surrounding the USD eased as Treasury yields retreated The US dollar pulled back from an 11-month high as risk sentiment has improved across the financial markets....

Oil licks wounds after profit-taking

Next, the market focus will shift to OPEC+ that will hold a ministerial panel Oil prices plunged on Monday on the rallying dollar and profit-taking that took place after...