As coronavirus fears resurface, global markets plunge across the board
Overnight, Wall Street stocks saw the steepest decline since March as investors expressed concerns over a second wave of coronavirus. In is no wonder that Asian equities followed suit while European equities...
Dollar licks wounds after the Fed meeting
Risk aversion intensified as well as the selling pressure surrounding the dollar after gloomy predictions from the Federal Reserve during yesterday’s meeting. The central bank expects the US economy to contract 6.5% this year...
Gold prices pushed higher by Fed-related uncertainty
Gold prices have been on the rise since the start of the week as investor sentiment turned mixed following the recent impressive rally in global stocks. Equities remain afloat but turned mixed...
Brent crude clings to the $40 critical level
Brent crude struggles to resume the ascent after a rejection from fresh multi-week highs in the $43.30 area. On Tuesday, oil prices briefly derailed the $40 critical support level, a break below...
Euro rally runs out of steam, 1.12 back in focus
The euro came under pressure after failed attempts to challenge the 1.14 handle on Friday. Since then, EURUSD has been gradually correcting lower as risk sentiment looks unstable following the rally witnessed...
Bitcoin struggles for direction after a pullback from resistance
After a strong rejection from highs around $10,400 last week, bitcoin switched into a consolidative mode, staying above $9,000. On Monday, BTCUSD continues to struggle for direction as traders refrain from active...
Gold remains bullish in the longer term
Gold prices turned negative on Friday as risk sentiment improved after yesterday’s short-lived correction. Earlier this week, the futures derailed the $1,700 psychological level and struggle to make a sustainable rebound since...
Dollar back on the defensive ahead of US jobs report
Dollar bulls are retreating again on Friday after some recovery attempts seen yesterday. Risk sentiment rebounded and sent global stocks higher amid stimulus hopes and expectations of a more rapid economic recovery....
Cable loses steam along with risky assets
The cable turned negative on Thursday after a five-day winning streak as risk sentiment seems to be deteriorating in the global financial markets. Yesterday, GBPUSD peaked marginally above the 1.26 handle but...
Dollar hit by widespread investor optimism
The dollar remains on the defensive on Wednesday amid a widespread risk-on sentiment in the global financial markets. Investors are impressed by better-than-expected business activity data, pointing to a possibility of a...
