Monday, May 6, 2024
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Dollar erases losses to start the week

The risk-on tone has abated after weak economic data out of China The dollar came under pressure during the second half of last week to come off one-year highs...

Bitcoin keeps nearing record highs, all eyes on SEC

The coin regained upside impetus on Friday to hit the $60,000 psychological figure for the first time since April Bitcoin has been trending north for the most part of...

Oil prices keep marching upward

The surge in natural gas prices has increased demand for crude oil Oil prices stay afloat to settle slightly off three-year highs above the $84 handle. The API report...

Euro regains some ground as dollar retreats

The dollar index seems to be losing upside traction in a technical correction The euro plunged to fresh mid-2020 lows around 1.1525 on Tuesday amid a combination of a...

Gold prices could see volatility after consolidation

It looks like the bullion would stay below $1,800 as long as the dollar continues to trade within a strong bullish trend Gold prices have been stuck in a...

Dollar clings to highs despite weak jobs data

Losses were limited, with the USD index remaining close to recent highs The dollar looks resilient at the beginning of the week. The report on Friday showed that nonfarm payrolls...

Bitcoin bulls eyeing $60,000

The largest cryptocurrency by market capitalization resumed the ascent to exceed the $56,000 level for the first time in five months Following a rally during the first half of...

Oil corrects lower amid profit-taking

In a wider picture, the overall trend remains bullish Oil prices rallied to fresh three-year highs around $83.50 on Wednesday before correcting lower as traders proceed to profit-taking after...

Euro at fresh lows as dollar, data weight

Risk aversion persists in the global financial markets, fueling demand for the safe-haven greenback The euro plunged on Wednesday as the dollar rallies across the board. Treasury yields are...

Gold prices could see deeper losses amid stronger dollar

The prevalent cautious tone among investors helps limit losses for the yellow metal Gold prices are back under the selling pressure on Tuesday following three bullish days. Yesterday, the...