Monday, April 29, 2024
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US-China spat supports the dollar

The greenback regains its safe-haven status – EURUSD lost ground On Friday, the dollar gained back its positions and strengthened amid further escalation of Sino-American ‘tech’ conflict. This in turn dragged both EURUSD and...

US Dollar: the return to the north?

US Dollar keeps on going up amid escalation on Sino-American front and a deadlock I the US Congress On the first day of a new trading week, the US...

Bitcoin retargets the $12,000 resistance area

In the longer-term, the next target for bulls comes at a one-year high of $12,300 Bitcoin price continues its bullish attempts on Thursday after a rise by over 6%...

Groundhog Day: US Dollar keeps on marching south

Greenback’s weakness helps other currencies to strengthen On Thursday, the situation on markets remains unchanged: the US Dollar keeps on going down against most of its main peers. That helped...

Oil prices exit the familiar range, March highs in focus

However, the current rally may be unsustainable as there are still too many risk factors that could deter oil bulls Crude oil prices rallied above the $45 handle on...

Uncertainty persists in the global markets

As markets are dominated by risk aversion, gold storms record highs On Wednesday, traders remain calm and maintain their cautious stance among the high level of uncertainty that seized...

XAUUSD: will bulls finally achieve their $2,000 target?

Yesterday, XAUUSD briefly edged the psychological $2,000 mark but then staged a pullback and now comfortably sits in the $1,975 region. Gold is propped by the USD weakness that was hit by...

USD continues its recovery from two-year lows

At the beginning of the new trading week, markets witness some cautiousness that supports the safe-haven USD and gold and at the same time undermines risk assets such as EUR and GBP....

US dollar extends lower on dismal data

The dollar continued to lose ground on Thursday after the official report showed that the United States economy contracted by nearly 33% in the second quarter. Despite the result was not as...

Bitcoin is back under $11,000. Rally is over?

Bitcoin price reversed lower on Thursday after failed attempts to make a higher high earlier in the day. As a result, the leading cryptocurrency by market capitalization has moved below the $1,000...