The greenback capitalized on Fed’s governor comments
The greenback managed to recшуму a boost from a gloomy outlook from Powell. The Federal Reserve Governorhighlighted that the US economy will face a prolonged period of weak growth and hinted at...
EURUSD hopes for a boost from Powell
EURUSD struggles to stage a sustainable recovery after the latest sell-off witnessed last week. The pair registered local highs around 1.0885 yesterday and still struggles to overcome the 1.09 barrier. Despite a...
Bitcoin: the halving was a non-event
Bitcoin price saw a short-lived spike in volatility during the halving event that took place yesterday. The leading cryptocurrency by market capitalization briefly spiked to the $9,200 area, where the 200-hourly moving...
Gold prices: recovery potential looks limited
Gold prices were rejected from fresh May highs above $1,70 on Friday and have been struggling to regain the upside momentum since then. The precious metal dipped below the $1,700 psychological handle...
Dollar mixed as focus shifts to NFP
The dollar has been trading in a mixed manner against major counterparts as traders prefer a cautious tone ahead of the US Nonfarm Payrolls data that will likely set the tone for...
Oil prices back on the rise but downside risks persist
Sentiment in the oil market has improved recently. Yesterday, Brent crude rallied toward $32 but retreated and settled in the negative territory afterward. However, the prices resumed the ascent on Thursday and...
Bitcoin is back at $9,000, needs to preserve upside momentum
Bitcoin demand has picked up somehow on Wednesday, with BTCUSD pair challenging the $9,000 psychological level. The token is yet to confirm a breakout on a daily closing basis and...
GBPUSD: the path of least resistance remains to the downside
GBPUSD remains weak, extending losses for the fourth consecutive day on Wednesday. Risk sentiment looks mixed and unsustainable, supporting the safe-haven dollar demand. Apart from USD buying, dismal UK...
EURUSD loses upside steam, further weakness may be ahead
EURUSD turned lower on Monday after the recent rally took the prices to one-month highs marginally above 1.10. The euro came under pressure as dollar demand picked up across the board on...
Oil prices remain afloat despite risk aversion
After a modest recovery seen last week, crude oil prices extended the pullback from multi-year lows on Monday. Brent crude has exceeded the $27 handle but lacked the upside momentum to stage...
