Saturday, May 18, 2024
Advertisement

Dollar regains ground after a bearish week

The data fueled expectations the Federal Reserve might postpone the withdrawal of economic stimulus The dollar saw a bearish week to extend losses after the report showed that US...

Bitcoin lacks momentum to regain $50,000

The digital currency has been holding above the 200-DMA for two weeks already  Bitcoin prices surged above the $50,000 psychological level on Thursday before retreating marginally. Earlier today, the...

Gold lacks directional impetus as NFP report looms

The $1,800 figure now acts as support, suggesting bearish risks surrounding gold prices are limited Gold prices failed to capitalize on dollar weakness on Wednesday, extending consolidation in a...

Dollar index steadies ahead of ADP report

The data is expected to show that the US economy created over 600,000 jobs last month The dollar index reversed yesterday’s pullback to 92.40 and advanced to the 92.80...

Oil prices lose ground ahead of OPEC+ meeting

Traders are getting more cautious ahead of the OPEC+ meeting due on Wednesday Oil prices edged lower on Monday as Brent crude failed to challenge the $72.40 area to...

Powell сomments knock dollar across the board

The US currency has steadied on Monday but remained on the defensive as traders continue to digest a dovish message from the Fed  The dollar hit two-week lows after...

Gold remains in consolidation mode

Should the dollar fail to capitalize on Powell’s remarks, gold prices could see more gains ahead of the weekend Gold prices keep trading within a relatively tight range these...

Greenback edges higher ahead of Powell’s speech

A hawkish tone from the Fed would lift the dollar across the board The greenback is trending marginally higher on Thursday as traders await the Jackson Hole meeting which...

Bitcoin price retreats but bull case intact

BTC trading volume remains subdued, suggesting the ascent may not be sustainable Bitcoin price surged to more than three-month highs on Monday but failed to preserve upside momentum and...

Dollar steadies as Jackson Hole meeting looms

Later today, US new home sales are due seconded by the Richmond Fed index Upbeat risk sentiment across the financial markets keeps the dollar on the back foot on...