Wednesday, May 1, 2024
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US dollar approaches the 100.00 threshold

The greenback extended the rally to touch the 99.75 zone for the first time in nearly two years Following some short-lived hesitation, the US dollar extended the ascent on Tuesday to...

Aussie at mid-2021 highs after hawkish RBA

After the meeting, rate hike expectations rose to call for a June move Aussie rallied above the 0.7600 figure for the first time since June 2021 after the RBA dropped its “patient”...

Euro extends the downtrend as dollar firms

US stock index futures turned red in pre-market trading, suggesting the safe-haven dollar demand could pick up further in the near term The euro has been under pressure for the third...

Bitcoin falls along with other cryptocurrencies

The European Union lawmakers voted in favor of measures to outlaw anonymous crypto transactions The bitcoin price registered fresh 2022 highs around $48,200 at the start of the week and has...

Gold indecisive within a broader uptrend

In the immediate term, the upside potential for gold prices looks limited Gold prices erased last week’s gains while holding well above one-month lows seen earlier in the week around...

Oil is back on the offensive despite progress in talks

Brent crude dipped to $102 a barrel before bouncing back into positive territory Oil prices fell to nearly two-week lows on Tuesday as supply-related fears abated after Russia-Ukraine talks in...

Euro steadies but could go lower

The currency has also been pressured by rising fears of stagflation in Europe amid Russia’s ongoing military operation in Ukraine The euro has steadied after a brief dip to mid-March lows...

USD index continues its upward momentum, 100.00 on the radar

The buck has been advancing north for the fourth consecutive day The USD index extends its advance on Monday, accelerating the ascent after a break above the 99.00 figure. The prices...

Bitcoin keeps trending north, eyes $45,000

Russia is considering accepting bitcoin as payment for its oil and gas exports The bitcoin price has been trending higher since then, looking set to finish the second bullish week in...

Gold keeps trending north despite strong USD

The metal needs to overcome the 20-DMA in order to see more robust gains Gold prices have been trading mostly higher this week, but the upside potential looks limited at...