GBPUSD faces strong local resistance in the 1.24 area
GBPUSD struggles to regain a sustainable bullish momentum after a dip below the 100-daily moving average last week. Yesterday’s rally faded around the 50-DMA that caps the upside bias on Wednesday as...
Oil posts best quarter in nearly thirty years
Oil prices declined marginally on Tuesday but posted the best quarter in nearly thirty years as the futures switched into a recovery mode following a plunge along with global stocks in the...
US dollar index at weekly highs
The US dollar index, measuring its strength against a basket of other major currencies, climbed to weekly peaks around 97.75 on Tuesday. If the upside pressure persists, the price could soon reach...
EURUSD bullish while above the 1.12 handle
EURUSD started the week on a mixed note but managed to regain the upside bias after the initial hesitation. The pair climbed to the 1.1270 area where the intermediate resistance capped the...
Bitcoin struggles to regain bullish momentum
Bitcoin closed little changed on Thursday, creating a long lower wick on the daily timeframes. Despite such wicks traditionally signal a limited downside pressure, BTCUSD came under the selling pressure today, threatening...
Gold off eight-year highs but downside potential limited
After hitting nearly eight-year highs, gold prices started to correct lower amid overbought conditions on Wednesday. Today, the bullion struggles to regain the upside momentum but at least refrains from a deeper...
Oil prices hold on key support level
Oil prices declined over 5% on Wednesday, as the bearish correction accelerated amid a combination of a widespread risk aversion and dismal industry data from the EIA. Brent crude dipped below the...
British pound loses upside steam, threatens the 50-DMA
Following two days of gains, the British pound shows early signs of weakness. GBPUSD is losing upside steam on Wednesday after failed attempts to make the 100-daily moving average into support. Earlier...
Euro lifted by strong data and a weaker dollar
The euro received a decent lift on Tuesday and manages to extend gains to one-week highs just above the 1.13 barrier. Despite the EURUSD failed to confirm the breakout, the tone surrounding...
Bitcoin consolidation is over, further gains could be ahead
After a period of consolidation, bitcoin rallied strongly on Monday. During the ascent, BTCUSD broke above the $9,600 resistance area and extended gains to $9,800 earlier today. Once the prices reached this...
