Oil and virus among the key drivers for investors
On the last trading day, risk-off remains safe and sound as the number of coronavirus
cases continue to rise relentlessly. According to the latest
statistics, more than one million people worldwide contracted...
Gold under pressure below $1,600
Despite yesterday’s bounce amid a wide-spread risk aversion, gold prices struggle to keep the upside momentum and stage a more sustainable recovery, with the bullion staying under the $1,600 ...
USDCAD: China rescued oil, dragged major down
On Wednesday, the USDCAD pair traded with gains and closed the day in the green zone near the 1.4190 level. However, today’s modest rally in oil prices supported the Loonie and the...
Coronavirus holds markets on the back foot
On Thursday, markets maintained their cautious sentiment
though gloomy picture was interspersed with some optimism amid positive
oil headlines. Most majors stayed in the familiar ranges. EURUSD lost
some ground and moved...
EURUSD at fresh lows amid risk-off trends
On Wednesday, the EURUSD
pair lost over 100 pips and dropped to the area of March 26 lows at
1.0917. The major opened the day in the green zone above the key...
Welcome to Q2: oil market issues and pandemic set the tone
On the first day of the new quarter, cautious sentiment in the global markets was intact amid the ongoing coronavirus pandemic.
Most majors traded in the familiar ranges and the US Dollar kept on...
Oil prices remain under pressure after the worst quarter ever
Following the record quarterly and monthly losses, crude oil prices stay around long-term lows on Wednesday. Brent briefly dipped to lows in the $24.70 area and then bounced marginally, to...
Bitcoin recovers along with stocks but the momentum still unconvincing
After a sell-off witnessed over the weekend, bitcoin started the week on a firm footing. BTCUSD regained the $6,000 handle, challenged the $6,400 region and extended the recovery to the...
USDJPY rises amid broad US Dollar strenth
On Tuesday, the USDJPY pair gained ground and recovered about 70 pips from the levels near 107.80. At the end of the quarter and the fiscal year in Japan, investors tended...
Quarter-end flows: USD up, China’s PMIs surprise to the upside, volatility persists
In the Asian hours on Tuesday, markets witnessed some volatility as we’re coming closer to the end of the quarter and the fiscal year in Japan. The US Dollar rallied...
