Thursday, April 25, 2024
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Pound keeps in red despite the BoE comments

Later in day, the US inflation figures for October will come into market focus The pound stays in negative territory despite the recent bounce from intraday lows as risk...

Bitcoin faces the $16,000 barrier, correction could be ahead

BTCUSD continues to stay above the 20-DMA for over a month already Bitcoin reached the $16,000 barrier for the first time since January 2018 on Wednesday and retains a...

Oil market recovery continues, prices at more than two-month highs

The U.S. government plans to begin vaccinating Americans in December Crude oil prices extend the recovery from late-May lows registered at the start of this month below $37. On...

EURUSD struggles to regain upside bias

The group of German economic experts sees the country’s economy contracting 5.1% this year After a sharp sell-off seen yesterday, EURUSD regained a bullish bias but still struggled to...

Gold prices licking wounds as vaccine enthusiasm wanes

Demand for the precious metal could be lifted by lingering uncertainties After a coronavirus vaccine developed by Pfizer and BioNTech showed a 90% success rate in an interim analysis...

Bitcoin clings to its highest levels in almost three years

Despite the daily RSI is overbought, there is no bearish divergence Bitcoin price retains a bullish bias on Monday but still stays beneath the $16,150 long-term resistance level. Despite...

Dollar keeps bleeding amid rising odds of a Biden win

Euro rallied to the highest levels since mid-September EURUSD extends the rally on Friday as the dollar is falling across the board despite risk aversion dominates global financial markets....

Bank of England sends sterling higher

The central bank expects the coronavirus pandemic to lead to a contraction in the country’s economy in the fourth quarter Despite the recent speculations about negative interest rates, the...

The greenback bets on Trump’s victory

The USD index receded some ground ahead of key US data releases due later today  The euro climbed to one-week highs around 1.1770 earlier in the day but was...

Bitcoin hits $14,000 amid heightened volatility

Some market players express confidence in bullish extension whoever takes the White House As the United States prepares for the results of the 2020 Presidential Election, all asset classes...