Oil prices retreating along with global equities
After a brief jump to fresh more than two-month highs around the $37 handle yesterday, oil prices shifted into a corrective mode and extends the retreat on Friday. The futures dipped to $33.50...
Dollar in recovery mode but demand looks muted
The selling pressure surrounding the dollar has eased on Thursday but the recovery momentum still looks limited as traders express a cautious tone ahead of fresh weekly jobless claims data due later...
Bitcoin continues to struggle around the important hurdle
Bitcoin prices have settled around $9,800 on Wednesday, still struggling to make another bull run at the $10,000 psychological level. Despite the leading digital currency stays afloat, it still lacks the upside...
Gold stays elevated amid recession concerns
Despite the recent rally in risky assets, gold prices stay close to multi-year highs registered at the start of the week. On Monday, the precious metal extended gains to $1,765, where October...
Oil market faces profit-taking after a rally
Crude oil prices started to show some signs of a waning upside momentum following a strong rally witnessed since late last week. On Tuesday, Brent registered fresh more than one-month highs around...
Euro extends the rally. Where’s the top?
The euro continues its ascent from last Friday, with EURUSD refreshing nearly two-week highs above the 1.09 handle. The common currency encountered a local resistance around 1.0950 during the European hours and...
GBPUSD steadies, upside potential limited
GBPUSD has stabilized after a dip witnessed on Friday. The pair plunged to late-March lows around 1.2070 earlier in the day and is clinging to the 1.21 handle now. Despite the cable...
Bitcoin rally fading ahead of $10,000
Bitcoin price turned slightly negative on Friday after a three-day winning streak. BTCUSD has encountered a significant resistance marginally below the $10,000 handle yesterday and retreated partially since then. Today, the pair...
Gold extends the ascent despite risk-on sentiment
Gold prices rallied to three-week highs around $1,738 even as risk sentiment has improved at the end of the trading week. The bullion has been rising for the fourth day in a...
Oil prices struggle around $30, stronger dollar weighting
Crude oil prices are making fresh recovery attempts on Thursday after another rejection from the levels above the $30 psychological handle yesterday. Brent crude rose to the $30.50 area earlier in the...
