EURUSD dipped to late-May lows in the 1.1530 area on Tuesday amid a widespread risk aversion that fuelled the dollar demand. The pair has recovered partially since, but continues to trade with a bearish bias and remains vulnerable to further losses in the short term. Despite the downside pressure on the single currency has eased somehow, and global investors...
The USDJPY pair has accelerated its decline on Tuesday amid the increasing risk-off sentiment as an escalating trade war between the US and China continues to hurt investor enthusiasm. The price dropped from last week’s highs close to the 111.00 mark, down to one-week lows around 109.50. Against the background of widespread risk aversion, the Japanese...
Crude oil prices are attempting to stage a corrective rebound on Monday after a dip to fresh two-month lows earlier in the day. Brent has extended the recent decline to $72,10 where it received a support and staged a recovery. However, the bullish momentum remains too timid to open the way to a more pronounced rise from the current levels, with the $74 area is...
The EURUSD pair nosedived to two-week lows following the dovish ECB statement on Thursday. The price has challenged fresh lows in the 1.1543 area earlier today but faced support and since has recovered some ground. During the early European hours, the euro is attempting to get back above the 1.16 threshold. Despite the pair has stopped bleeding, the euro...
Today’s ECB meeting will undoubtedly will be a crucial one, despite the regulator isn’t going to bring any actual changes to its current monetary policy. Despite the economic picture in the euro zone doesn’t warrant a hawkish rhetoric, the recent comments by a number of central bank members point to its readiness for QE removing, probably till the end of this...
Spot gold remains under a bearish pressure after yesterday’s drop. The yellow metal has been trading below the key $1,300 mark since early-June and still doesn’t show any signs of a sustained recovery as market focus has shifted from geopolitics to the upcoming FOMC meeting. The Fed rhetoric could affect the overall sentiment in the global financial markets...
The greenback has regained some ground since the start of the week, mostly due to yen’s significant retreat ahead of today’s US-North Korea summit. Trump has described the meeting with Kim as honest, direct and productive, but he highlighted that sanctions on North Korea will remain in effect and noted that the two leaders will probably need a second summit. ...
The EURUSD pair has regained the bullish impetus on Monday, with the price is testing the 1.18 once again. The euro is underpinned by bullish expectations ahead of this week’s ECB meeting, even as US-EU trade tensions persist. The pair remains above the 20-DMA but will hardly dare to jump to 1.20 and above any time soon as traders will likely be cautious ahead...
The GBPUSD pair is trading marginally lower on Friday, with widespread risk aversion has put the high-yielding currency under some pressure, while the greenback is licking its wounds after a bearish move earlier this week. The price failed to hold above the 1.34 threshold and turned red on the day, challenging the 20-DMA before the opening bell on Wall Street. ...
Crude oil prices have recovered marginally on Wednesday, with Brent managed to keep above the $74,50 area and finished at $75,73. The immediate resistance comes at $76 – a break above will confirm some easing of a downside pressure. However, in the bigger picture, the bearish risks still persist, and the 20-DMA around $77,50 is unlikely to be challenged any time...
EURUSD has appreciated marginally yesterday, with the bullish bias remains intact on Wednesday. The latest rise in the single currency could be attributed to some relief in Italy as the new Prime Minister Conte highlighted that his country has no plans to leave the euro zone. The additional upside pressure came amid ECB QE exit talk. It was reported that the...
The EURUSD pair staged a marginal recovery on Monday but failed to close above the 1.17 threshold, and the trading looks neutral today. The recent rebound was mainly due to a local dollar weakness as well as the squeeze of euro shorts opened during the Italian political crisis. The market continues to cheer the formation of a new government in the country....
The USDJPY pair finished the week with only marginal losses as the greenback has trimmed the previous decline on Friday, due to a spectacular US jobs report. The price has refreshed one-week highs in Asia today, but the bullish impetus fails to gain momentum ahead of the 14- and 20-DMAs in the 109.70-109.80 area. Despite the short-term technicals have...
Crude oil prices set for a weekly gain but look indecisive amid the directional market on Friday. Brent failed to stage a recovery yesterday, with the price has settled around the 20-DMA after a brief spike above $79. Market participants have already digested the latest signals from OPEC. The cartel promised to remain committed to the existing deal, which...
Gold is trading mostly in a recovery mode this week, with the price is getting closer to challenging the 200-DMA at $1,307 once again. The metal closed above the $1,300 threshold yesterday, which open the way to further rebound in the short term. On Thursday, gold is up 0.30% on the day so far. The reason behind a better tone around the precious metal is the...
The euro came under intense pressure amid the political crisis in Italy which fueled fears of euro break-up and sent the Italian bond yields strongly higher. EURUSD found support just above 1.15 on Tuesday and is attempting to stage a local recovery during the early European hours. The pair reached 1.1580 so far and may rise further in the short term as Italian...
Gold remains within a bearish trend, though the recovery attempts have become more pronounced lately amid some corrective signals from the greenback. On the other hand, the rebound prospects still look timid and limited as the precious metal remains below the key moving averages and has derailed the important $1,300 psychological level. The dollar continues...
Brent crude continues to bleed on Monday after profit taking has accelerated late last week, with the price dropped to three-week lows around $74,50. Oil attracted buyers on a dip and has recovered slightly early Monday but remains in the red as output concerns still linger. Steep losses in the market were fuelled by Saudi Arabia and Russia. The two top...