Oil market inspired by OPEC-related hopes
Oil prices extend the rally on Tuesday and have exceeded the $39 handle in recent trading. Brent is nearing the $40 important level that could act as a barrier for bulls amid...
Gold prices remain elevated amid US-China relations
Gold prices stay on the offensive on Monday despite the prevailing risk-on tone. The precious metal climbed to May 21 highs around $1,745 but retreated afterwards. Despite the prices struggle to extend...
Euro rallies amid broad-based dollar weakness
The euro advanced to fresh two-month tops amid broad-based dollar weakness on Friday. EURUSD jumped above the 1.11 handle and rose to the 1.1140 area. Despite the common currency is yet to...
Bitcoin needs to decide on further direction
After three days of losses, bitcoin price shifted into a recovery mode and managed to regain the $9,000 psychological level on Wednesday. Today, BTCUSD tried to extend the rally but has encountered...
USDJPY remains stuck in the range. Breakthrough imminent?
USDJPY remains stuck in a limited range for over a month already. The pair has settled between the 107.00 and 108.00 figures, struggling for direction, with the horizontal channel tightening these days....
Oil attracts profit-taking after a false breakout
Driven by hopes for economic recovery in the aftermath of the coronavirus pandemic, oil prices registered fresh more than two-month highs yesterday. After a short-lived rally above $37, Brent crude failed to...
Gold prices retreat despite the Hong Kong issue
Gold prices continue to retreat on Wednesday despite the sentiment in the global financial markets deteriorated somehow amid the renewed US-China tensions over Hong Kong. According to the latest news, Trump warned...
Dollar lower across the board amid risk-on sentiment
Global stocks and risky assets in general extend the rally on Tuesday, curbing the appeal of the safe-haven US dollar. European equities edged higher to more than two-month highs after a decent...
Bitcoin upside continues to lose steam
Bitcoin price struggles to regain the upside momentum after a rejection from the $10,000 handle last week. On Tuesday, BTCUSD made some recovery attempts earlier in the day but failed to overcome...
EURUSD: recovery attempts fueled by upbeat risk sentiment
EURUSD dipped to one-week lows around 1.0870 earlier in the day and bounced quickly during the European hours. Despite the pair has positive the neutral territory, the recovery potential still looks limited,...
