Saturday, May 4, 2024
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Oil extends the ascent despite Iran talks

Traders expect energy demand to recover at a faster pace in the second half of this year Oil prices edged higher on Wednesday, extending gains to the $69 figure...

Gold steady at four-month highs

The US 10-year Treasury yields dipped to two-week lows, adding to the upbeat tone surrounding the yellow metal Gold prices have settled just below early-January highs registered last week...

Euro lacks upside impetus in subdued trading

Inflation concerns continue to persist, capping gains in risky assets A holiday in most parts of Europe is making for subdued trading on Monday, with the euro struggling to...

Dollar struggles for direction, stays pressured

It looks like the common currency could stay afloat in the short term The dollar looks mixed on Friday, struggling for direction following the recent decline. However, it looks...

Bitcoin licks its wounds after a massive drop

Other cryptocurrencies held double-digit percentage losses Bitcoin along with other digital currencies fell sharply after China’s banking association issued a warning Wednesday over the risks associated with digital currencies....

Gold prices retreat but stay afloat

Now, market focus is shifting back to the 200-DMA around $1,846 that represents the immediate key support Gold prices extended the rally to late-January highs around $1,875, registering the...

Oil prices rally on hopes for economic recovery

Any sign of improvement in the situation with COVID-19 cases would be strongly positive for the oil market Oil prices extended gains above the $70 barrier on Tuesday for...

Euro’s upside potential limited

The FOMC meeting minutes could bring some volatility later in the week  The euro keeps trading around the 1.2150 intermediate barrier on Monday following a rally seen ahead of...

Dollar under pressure as equities keep with the bounce

US 10-year yields look steady around 1.65% The dollar came under pressure on Friday following a short-lived rally sparked by stronger-than-expected US inflation figures earlier this week. As risk...

Tesla sends bitcoin tumbling

The recent plunge could be a buying opportunity that would bring the prices back to the $60,000 area eventually Tesla Inc.’s Chief Executive Officer Elon Musk triggered a slide...