Crude oil prices continue to rise on Tuesday, and in the latest move, Brent has pierced the $79 handle and stays elevated despite the signs of overbought conditions start to emerge in the daily charts. The market sentiment remains firmly positive, with Brent has accelerated its ascent even as the greenback demand has picked up today. Traders continue to push the...
The buying pressure on the greenback has eased since Friday rally, but it doesn’t help the pound which remains on the defensive at the start of a new trading week. The GBPUSD pair opened with a bearish gap on Monday, with the price got back below 1.29 and is approaching the 20-DMA at 1.2850. The selling pressure could increase further in the coming days as the...
After the recent rally, the euro may be set for a bearish correction even as the dollar demand is tentative. A number of risk factors for the single currency that could derail its current bullishness and fuel a retreat from the recent highs above 1.17. EURUSD has slipped from August high of 1.1733 earlier this week on some signs of risk-off sentiment...
The risk-on sentiment continues to abate further on Wednesday, with after mixed flows in Asia, European stock markets slumped on Thursday as trade fears start to reemerge. Investors have already digested the progress on NAFTA and now shift focus on the US-China trade war as the next portion of tariffs is looming. As such, the dollar bulls could get back into...
The greenback has recovered partially on Tuesday after a dip to a four-week low against the euro. The EURUSD pair was rejected from the 1.1733 area and retreated to 1.1660 on Wednesday amid profit-taking following an aggressive USD sell-off since the start of last week. The dollar demand seems to be reemerging, partly due to the abating risk-on sentiment as...
Gold prices continue to recover on Tuesday, holding steady close to nearly two-week highs around $1,214. The greenback remains on the defensive, with the selling pressure has intensified in the wake of a trade deal between the US and Mexico. Against the backdrop of a weaker dollar, which suffers a decline amid a risk-on sentiment, the bullion demand has...
The EURUSD pair gained decently last week, with the euro received support both from dollar weakness and a broad rebound in risk appetite. The price has surged to early-August high of 1.1650 earlier on Monday, but the move higher looks to be out of steam for now. The recent bullish catalyst for the pair was the Powell’s speech at Jackson Hole on Friday, with...
The greenback is back on the defensive after yesterday’s recovery. This week, the US currency came under an intense pressure amid Trump’s criticism, and the bulls still fail to regain control as traders are nervous ahead of the key event of this week – Powell’s speech at Jackson Hole. The Fed’s chair testament will set the tone not for USD pairs only, but for...
Crude oil prices enjoyed an impressive rally yesterday, with Brent rose most in two month. The price has edged above the $75 figure, but struggles to stay above this level on Thursday. The corrective moves look limited so far, but the retreat could deepen in the short term. The bullish EIA report served as a catalyst for buyers as the report showed that US...
The dollar has stabilized after a massive sell-off fuelled by recent Trump’s attack on the Fed policy and comments by the central bank official Kaplan who hinted at a pause in tightening. The greenback demand is reemerging gradually ahead of the FOMC meeting minutes release due later today. As such, EURUSD retreats marginally from highs in the 1.16 region,...
The EURUSD pair is extending gains for the fourth day in a row on Tuesday, with the recent buying interest was fuelled by Trump’s verbal interventions. The US President has criticized the Fed for raising interest rates. His rhetoric sent the greenback down across the board, which helped the euro to regain the 1.15 threshold. As the pair has recovered from...
The dollar is trading mixed on Monday, after a retreat late last week. The risk-off sentiment has ebbed somehow amid the upcoming US-China trade talks, which eases the upside pressure on the greenback. But the bearish potential sill looks limited as investors don’t hope for a major breakthrough in the resuming negotiations. As for the EURUSD pair, the price is...
Major currency pairs have been consolidating on Friday amid a lack of fresh catalysts and news. The risk-off tone has abated but investors refrain from more active buying and remain cautious as any negative news headline could easily derail the emerging optimism in the global markets. As such, the dollar is trading under just a mild selling pressure and...
Risk-off sentiment has ebbed on Thursday as global investors received a hope for de-escalation in the trade war between the US and China as the two countries will hold trade talks in late August. Against this backdrop, the dollar safe-haven demand has abated, which opened the way to a recovery in major currencies. However, markets remain rather cautious and...
Crude oil prices are making shallow recovery attempts on Wednesday, after yesterday’s decline to lows marginally above the $72 figure. The bulls refrain from more aggressive actions as market concerns over geopolitics keep increasing, fuelling fears of a decline in global oil demand. The Trump’s trade wars threaten to derail global growth and shatter global...
What do we have with this chart? ETH is one of the assets that lost most of the market cap in recent days, more than 53 billion dollars have gone ethereum since May 2018 The last time it was so oversold, made the price of having a bounce of more than 100% in a few days Bear Market Still not over yet The Price will follow BTC, if BTC goes down The "hammer"...
The EURUSD pair has been trading close to one-year lows, though made some recovery attempts yester-day. The price is clinging to the 1.14 figure and lacks the impetus to stage a more sustainable and pro-nounced recovery. Chances for a steady rise above the 1.15 barrier are low as this level served as a firm support for a long time. In the short-term,...
Spot gold keeps losing ground on Monday, with the price extending loses to the critical $1,200 support. The yellow metal hit $1,210, the lowest level since March 2017, which is the last line of defense ahead of the key $1,200 support. A break below this level will open the way to fresh long-term lows and will mark a new bearish phase for the market. As the...