Friday, May 17, 2024
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Euro above 1.2300 for the first time since April 2018

Considering the longer-term bearish tone surrounding the US currency, any meaningful pullback might now be seen as a buying opportunity The euro extended the rally on Wednesday amid the...

Further recovery in the oil market could be choppy

The OPEC+ countries could proceed to a more aggressive increase in crude oil production which could add to the imbalance in the market Oil prices finish the year around...

Pound regains ground on Brexit relief and a weaker dollar

GBPUSD keeps clinging to long-term tops while corrective attempts have been limited The pound resumed the ascend after a retreat seen on Monday. Last week, the rally in the...

Trump hits the dollar across the board

Risky assets demand reemerged, sending the safe-haven greenback lower to start the week The dollar came under the renewed selling pressure on Monday after Trump signed the $2.3-trillion-dollar coronavirus...

Bitcoin rangebound despite a plunge in Ripple

BCTUSD refrains from a deeper downside correction, clinging to a familiar range above $22,000 these days Bitcoin prices have settled in a tightening range this week, slightly off all-time...
Gold prices struggle to recover in pre-Christmas trading

Gold prices struggle to recover in pre-Christmas trading

The yellow metal is trading marginally higher after three consecutive days of declines Gold prices briefly jumped above the $1,900 handle at the start of the week but failed...
Euro stays afloat despite risk aversion

Euro stays afloat despite risk aversion

The pair is holding relatively firmly as the greenback lacks the safe-haven demand to see a more robust and sustained recovery The euro managed to bounce from local lows...

Oil dragged down by concerns over new coronavirus strain

The new virus strain is up to 70% more transmissible than the original Oil prices climbed to fresh March highs in the $52.50 area on Friday but failed to...

Dollar wins from profit-taking in stocks

US President Donald Trump is set to slap new sanctions on Chinese companies As risk sentiment has deteriorated somehow on Friday, the safe-haven US dollar demand reemerged. Investors proceeded...

Weak dollar pushed gold to one-month highs

The least path of resistance for the metal is to the upside Extending the rally for the third day in a row, gold prices jumped to one-month highs above...