Will OPEC+ defend the oil market?
Brent crude surged over 3.5% on Wednesday on reports that OPEC+ countries are going to propose deeper production cuts apart from extension of the deal. Positive comments from Trump...
Market volatility picks up amid conflicting trade headlines
After a fairly aggressive risk aversion during the Asian session on Wednesday, European stocks opened in the green, with Wall Street indices are looking set to switch into a...
EURUSD rally looks unsustainable despite dollar weakness
EURUSD remains relatively robust these days after a
strong rally on Monday took the pair back to local highs just below the
1.11 handle which continues to serve as the key resistance....
Bitcoin could drop further before a reversal takes place
Bitcoin extends losses for a fifth day in a row already, threatening the $7,000 psychological level, which is standing on the way to early-May lows registered around $6,500 at the...
USDJPY: risk aversion underpins the yen
USDJPY has been nursing losses for a fourth day in a row and the pair dipped below the 200-DMA in recent trading as risk aversion is gaining momentum. The sentiment...
AUDUSD got a lift from RBA
AUDUSD rallied aggressively on Monday, on a combination of stronger-than expected Chinese manufacturing data and a generally weaker dollar after dismal manufacturing PMI ISM report out of the US...
Oil market hurt by Trump’s protectionism, OPEC-related uncertainty
Oil prices jumped briefly on Monday morning but failed to show sustained gains as traders rushed to take profit amid a heightened uncertainty on the trade front. Investors quickly digested...
USDCHF rejected from parity mark, Trump’s tweet weighs
After a strong rally on Friday, when the USDCHF briefly reached parity mark, the dollar tried to extend gains earlier on Monday amid a positive risk sentiment fueled by...
Gold prices weighed by dollar and Chinese data
After a shirt-lived rally on Friday, gold prices resumed the decline at the start of a new trading week. The bullion failed to hold above the $1,460 region and...
China economic data fuels risk-on sentiment
Global markets started December on a positive footing, mainly due to strong economic data out of China. The official manufacturing PMI exceeded the 50 figure for the first time...
