Wednesday, May 1, 2024
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Oil prices jump on US ban of Russian imports

The futures have settled below $130 a barrel, struggling to get back to the recent tops so far Crude oil prices rallied to fresh multi-year highs on Tuesday in a knee-jerk...

Cable targets 1.30 amid the rallying dollar

It looks like the prices would lack the recovery momentum to regain the 1.3200 mark as the USD demand will likely reemerge after some profit-taking The cable failed to hold above...

Euro threatens 2020 lows amid rallying dollar

Eurozone’s investor sentiment tumbled sharply to -7 in March The euro plunged to fresh May 2020 lows around 1.0820 on Monday as the safe-haven dollar extends the ascent following the latest...

Bitcoin back under pressure as recovery momentum fades

The longer-term outlook for BTC is getting brighter now despite the resurgent selling pressure these days Earlier in the week, the bitcoin price advanced to the $45,000 figure in a three-day...

Gold looks steady ahead of Russia-Ukraine talks

Russia is halting purchases of gold for this year Gold prices have steadied on Thursday following the recent downside correction from fresh multi-year peaks registered around $1,975 last week. The...

Dollar back at highs due to safe-haven demand

The USD index could target the 98.00 figure if the buying pressure persists in the near term The dollar is back on the offensive these days as risk aversion has intensified...

Oil stays elevated, with all eyes on Ukraine crisis

It looks like the futures will stay elevated at this point amid the ongoing Ukraine tensions Oil prices finished the third bullish month in a row, holding at multi-year highs...

Euro bounces but downside risks persist

Zelensky said he was skeptical about the prospect of talks in Belarus The euro dipped to fresh mid-2020 lows last week amid broad-based demand for the safe-haven greenback. The pair dipped...

Bitcoin off local lows but risks persisting

Digital assets are in fact not good protection from both geopolitical risks and inflation expectations The bitcoin price briefly dipped to one-month lows around $34,300 on Thursday along with traditional financial...

Dollar rallies on war jitters

The USD index rallied to late-January highs around 96.80 before retreating slightly The dollar derived strong support late on Wednesday and continues to enjoy safe-haven demand today amid massive...