Thursday, May 2, 2024
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Euro looks ready to climb further as Powell stays dovish

Later today, weekly jobless claims data could trigger a more robust sell-off in the dollar if the report comes in weaker-than-expected The euro refrained from challenging the 1.2150 intermediate...

Bitcoin extends Tesla-driven rally

Now, there is a debate over whether other companies follow suit and add to the positive momentum in the market Bitcoin prices rose to fresh all-time highs above the...

Stimulus hopes and weak dollar push gold higher

The driver behind the current recovery in gold prices is a weaker dollar Gold prices have been trending north for the third session in a row on Tuesday, extending...

Greenback recovers after weak employment data

EURUSD failed to extend gains today as the dollar proceeded to a recovery The greenback looks steady on Monday following steep losses seen on Friday across the board as...

Dollar rally pauses ahead of US jobs data

Profit-taking looks quite appropriate as the USD index gained over 1% during the week The US dollar index climbed to fresh two-month highs earlier in the day before retreating...

Oil price nearing danger zone

Further gains could attract profit-taking amid overbought conditions Oil prices have been climbing north for the fifth day in a row, flirting with the $59 figure during the European...

Bitcoin could see fresh highs ahead

Despite a retreat from all-time highs, BTC refrains from a deeper correction Bitcoin price has been on the rise since the start of the week, resuming its upside bias...

Euro at two-month lows under 1.2050

The common currency keeps bleeding despite a rally in stocks and a further improvement in risk sentiment across the markets The euro remains under the selling pressure on Tuesday,...

Upside potential in gold prices looks limited

The fact that the bullion lacks any strong follow-through and remains below the key local tops suggests that the prices could retreat in the coming days Gold prices opened...

Dollar on the offensive as risk-off tone prevails

Also on the negative side, there are fresh signs of rising US-China tensions The US dollar remains buoyant on Friday, having regained upside bias following mixed trading seen yesterday....