Risk recovery: coronavirus is retreating?
On the last trading day of the week, markets enjoyed a modest risk recovery on the positive coronavirus news and rebound in oil prices. Most currency pairs gained ground amid...
Bitcoin targets $6,000. Is the bottom in?
Bitcoin price has been gradually regaining ground after a brief plunge below $4,000 for the first time in a year last week. Following some hesitation around $5,500, BTCUSD accelerated the...
Virus continues to set the tone for investors
After fresh losses on Wall Street and in Asia amid the ongoing virus-related concerns, European stocks saw a positive start at the open. But the recovery was too timid and...
ECB measures don’t help the euro
On Wednesday, the EURUSD
pair regained the peak of 1.0981 on the ECB decision to continue with
monetary policy easing however it quickly lost the steam, returned to
the 1.0940 area and...
Cable pierced 1.20 and remains bearish
The cable broke below the 1.20 psychological level for the first time since early September on Wednesday. The selling pressure has intensified amid a broad-based dollar demand these days as...
Oil at the lowest levels in over four years
Oil prices extend losses on Wednesday, with Brent plunging to the levels below $28 figure for the first time since early 2016. The market continues to suffer from rising fears...
USD index capitalizes on risk aversion
Amid risk aversion on markets, the USD index
has pierced the 100.00 mark for the first time since mid-April 2017 and
keeps on going up. The number of coronavirus cases in the...
Dollar bulls back in the game
The dollar has been rallying nearly across the board on Tuesday as safe-haven flows support demand for the American currency in stressful conditions. On the contrary, gold remains on the...
AUDUSD: RBA ready for further easing
On Monday, the AUDUSD
pair closed in the red zone near the 0.6120 mark. Today the major
attempted a sluggish recovery but failed and went under pressure on the
release of the...
Bitcoin may accelerate higher towards $6,000
Following six consecutive days of losses, bitcoin bounced from lows and regained the $5,000 handle. However, the leading cryptocurrency by market capitalization is yet to confirm a break above ...
