Gold prices just shy of multi-year highs
Following the initial rally, gold prices turned flat during the European session on Monday, staying close to multi-year highs amid a cautious approach by investors as the number of coronavirus cases surged...
Oil prices climb on hopes of demand recovery
Oil prices continue to extend gains, having accelerated the rally on Friday. Brent crude has neared the $43 handle in recent trading and stay elevated during the European session as traders express...
Euro needs to hold above the 1.12 handle
The euro is little changed during the European hours, holding above the 1.12 handle for two weeks already. Despite this is a positive sign, signaling a limited downside pressure, the common currency...
Aussie struggles amid weak jobs data and choppy risk sentiment
Aussie dipped earlier in the day after the official report showed that the unemployment rate in Australia exceeded 7% while the participation rate declined from 63.6% to 62.9% last month. The labor...
Bitcoin still supported by the 50-DMA. Breakout imminent?
Bitcoin remains in a consolidative mode on Wednesday, with bearish momentum being capped by the 50-daily moving average. At the start ща the week, the digital currency number one briefly dipped to...
GBPUSD looks vulnerable despite a bounce from lows
GBPUSD has been rising since the start of the week as the pair derived support from the 1.2450 area, marginally above the 50-daily moving average. On Tuesday, the pair reclaimed the 1.26...
Gold prices struggle for direction but bulls stay in the game
Gold prices have been trading within a tightening range since late last week. On Tuesday, the bullion has settled in a limited consolidative channel, struggling for direction amid contradictory drivers. The yellow...
Oil prices struggle to regain the bullish momentum
Despite Brent crude is mildly positive on the day on Monday, the oil market remains on the defensive in general as buyers are cautious amid the resurgent worries about a potential second wave...
Euro recovery attempts capped by risk aversion
The rising number of coronavirus cases across the globe fueled concerns over the outlook for the economic recovery on Monday, putting the euro under pressure. Following an aggressive sell-off in Asia, European stock...
Bitcoin regains ground after a plunge
Bitcoin price declined abruptly on Thursday in an aggressive rejection from the $10,000 psychological handle. The number one cryptocurrency derived support from the $9,000 handle and shifted into a recovery mode today,...
