Sunday, May 19, 2024
Advertisement

Euro stays on the defensive after a sell-off

The greenback stays quiet amid subdued trading ahead of the US ISM manufacturing PMI Last Friday, the euro slumped to mid-October lows around 1.1535 amid a broad-based rally surrounding...

Bitcoin struggles to get back to record highs

The recent bounce was due to the report that Salvadoran authorities have acquired 420 more bitcoins The bitcoin price rebounded sharply on Thursday, rising back above the 20-DMA. However,...

Gold could capitalize on dollar weakness

The upcoming report will likely point to a slowdown in GDP growth during the third quarter Following a mixed start to the week, gold prices have been trending north...

Dollar stuck in a range, looks to data

The constructive outlook in the medium term keeps buoyed by the start of the tapering process The dollar looks mixed on Wednesday, struggling for direction ahead of fresh economic...

Gold looks vulnerable around $1,800

Despite the recent ascent, the path of least resistance for gold remains to the downside Following a five-day winning streak, gold prices turned negative on Tuesday as the USD...

Euro struggles for direction as ECB meeting looms

The upside in the major was also capped by the elevated US Treasury yields that helped limit the downside pressure surrounding the greenback The euro climbed to intraday highs...

Bitcoin retreats from record highs

It looks like the BTCUSD pair could resume the ascent following a short-lived retreat Bitcoin price registered fresh all-time highs around $67,000 earlier in the week after the debut...

Oil slides off fresh three-year tops

Gasoline inventories fell 5.37 million barrels to the lowest in nearly two years Oil prices surged to fresh three-year highs just above the $86 figure earlier on Thursday before...

Yen hits four-year low versus dollar

USDJPY rallied to the 114.70 region for the first time since November 2017 before retreating to the flat-line The Japanese yen dipped to four-year lows versus the US dollar...

Gold ready for breakout due to weaker dollar

A dismal industrial production report suggests that the Federal Reserve could refrain from a more aggressive tapering in the coming month Following two days of losses, gold prices surged...