Euro in a consolidative mode, upside limited
The euro made earlier bullish attempts amid a broad-based dollar weakness on Monday. EURUSD rose to the 50-DMA around 1.0970. The moving average acted as a local resistance and triggered...
Oil market struggles to capitalize on output cut deal
Oil prices failed to stage a rally despite the OPEC+ countries agreed to cut production by 9.7 million barrels per day. In a knee-jerk reaction, Brent crude briefly exceeded the...
Aussie extends gains from March lows, strong resistance ahead
Aussie reached more than ten-year lows last month and has been recovering gradually since then. On Friday, AUDUSD keeps the upside bias but the impetus is limited amid subdued trading...
Stocks pare gains, dollar slightly lower ahead of OPEC+ talks
Most global stocks rose on Thursday, with major European indexes rallied around 1.5% to start the session amid the lingering hopes that coronavirus outbreak is peaking. However, stocks had...
Gold eases from highs on stronger dollar
Gold prices retreated from nearly one-month highs around $1,671 on Tuesday amid profit-taking at attractive levels. Today, the bullion sees a mild upside bias but struggles to regain ground, ...
Bitcoin up but lacks bullish momentum
Bitcoin continues its gradual recovery following a plunge witnessed nearly one month ago. On Wednesday, the digital currency remains above the $7,000 handle, showing a mild upside bias after...
Dollar dips as risk sentiment remains positive
The dollar has turned lower against major counterparts on Tuesday as investors continue to express optimism over the slowing growth in coronavirus cases in some countries. Also, markets bet...
Coronavirus loses its grip, markets enjoy risk-on
At the beginning of the new trading week, markets finally enjoy some risk-on
as the number of coronavirus deaths in the most affected countries such
as the US, Italy, Spain and South...
EURUSD under pressure amid the lingering dollar demand
On Friday, the EURUSD
pair continues its march north and challenges the 1.0800 round figure.
The pair lost about 60 points on a daily basis and keeps on staying in
the red...
Oil prices stage a relief rally. What’s next?
Crude oil prices briefly jumped above the $36 handle overnight and retraced most of the gains afterward. On Friday, Brent saw some profit-taking early in the day but regained the...
