Brent has recovered from yesterday’s two-week lows below $67 but lacks momentum to show a substantial corrective rebound on Thursday, oscillating around the $68 threshold. The markets look mixed on controversial US inventory data and signals from global stocks. The US crude oil stocks decreased sharply last week, but production continued to grow and hit fresh...
The first quarter was the worst one in bitcoin’s history. And the start of Q2 doesn’t look promising either, though it may turn out better down the road. After yesterday’s corrective rebound, the digital currency failed to secure its gains and slides again. The price faced resistance around $7,500 and is losing the $7,000 threshold on Wednesday, -4.55% on the...
The EURUSD pair continues to oscillate around the 1.23 level since last week, with the immediate obstacle for bulls is the 20-DMA which is now below 1.2350. The single currency obviously lacks the upside impetus and drivers to show a more consistent trading. However, the pair may receive the catalyst which will help it to decide on the direction, at least, in the...
Bitcoin is attempting to switch to a recovery mode on Monday after a major sell-off during the last week. The bullish momentum looks too timid so far to call a reversal from the area of two-month lows below $6,500, reached on Sunday. Having dipped to as low as $6,387.50 yesterday, BTCUSD is trying to regain the $7,000 mark as a break above will ease the immediate...
Shares of TD appear to be pulling back to test a breakout level at ~$53.50, which coincides with a rising channel bottom. I'm a buyer at that level and will be targeting ~$66 on the upside, or +23% from here. In a rising rate environment and given the technical setup, I expect shares to outperform over the next several months.
BTCUSD is extending its bearish move on Friday, finishing March with losses of 40%. The downside pressure has intensified following a break below the $8,000 mark, and after failed attempts to regain this threshold, the bulls had to give up. The price was testing early-February lows below $6,600 in the morning, now and attempts to cut losses and climb back above...
BTCUSD continues to bleed since last Sunday and has now entered the danger zone. Should the cryptocyrrency fail to attract buyers in the short term, it may show an even more significant bearish wave. Bitcoin is probing fresh 11-day lows on Thursday, getting closer to the crucial $7,000 mark. In the charts, there is a distinct bearish signal. The 50-day moving...
Gold prices edge lower on Wednesday as the greenback is on the rise against major rivals on the back of month-end flows, supporting the US currency. The trade war fears persist, and risk-off mood still prevails in the global stock markets. However, as the yellow metal has lost its shine as a safe haven asset, it doesn’t get any boost from the current...
After the initial jump on Monday morning, crude oil prices lost their steam and retreated on a daily basis. Today, Brent is attempting to regain the bullish momentum but the impetus looks limited as the market eyes fresh weekly API data. Brent is treading water around $69.70, +0.36 per cent on the day. The overall tone in the market looks bullish and the asset...
BTCUSD continues to trade in a bearish mode since Friday, after another failed attempt to break above the $9,000 mark. The digital currency is trading with a strong negative bias on Monday, losing over 6% on the day. The recent weakness in the market was mainly due to two major factors: the announced ads ban by Google, as well as the story between the Japanese...
After a spectacular ascent earlier this week, bitcoin struggles to regain the bullish momentum. The price touched mid-March highs just above the $9,000 figure but failed to make a decisive break of the psychological level and gave up to the bears. The cryptocurrency is attempting to keep above $8,000 on Friday. The latest sell-off, though not a very aggressive...
Crude oil prices extended a spectacular rally yesterday and touched early February highs around $69.50. But the major psychological resistance of $70 has scared the bulls, and Brent faded its earlier spike on Thursday, trading almost 1.5% lower on the day. The bullish move was recently fuelled by rising geopolitical tensions around Iran, increasing the risk of...
Following yesterday’s sell-off, spot gold attempts to recover and resume the ascent, with prices fail to show a robust bullish move since mid-February, when the current downside correction started. Since the start of the week, the yellow metal can’t regain the $1.320 mark which is the key obstacle for bulls now. The local recovery attempts are limited by the...
Crude oil prices have resumed their ascent on Tuesday after mild losses overnight. Brent extended gains to fresh March highs around the $66.50 area where the barrel has bumped into resistance. Despite the current recovery, the bullish potential remains limited on the back of lingering concerns over the US shale production as well as the persistent risk aversion...
The cryptocurrency is recovering strongly after a weekend meltdown, with bitcoin is back above the $8,000 mark in early trading on Monday. On Sunday, the price briefly dropped to almost 1.5-month low of $7,247.50 but encountered dip buyers and recouped losses quickly. The recent plunge was attributed to report that Twitter Inc. was going to ban cryptocurrency ads...
Crude oil prices struggle to find a clear direction on Friday, continuing their consolidation around the $65 level. Market participants are somehow apathetic due to a lack of meaningful drivers in the commodity markets for now. Brent is attempting to overcome the $65 local resistance, but can’t clear the $65,40 area for the last three days already. Such a dynamics...
BTCUSD extends its bearish momentum, setting fresh downside targets following a break below the key $8,000 threshold, to a five-week low of $7,603. By mid-day, the pair has trimmed intraday losses and is attempting to regain the psychological level, trading around $8,150. After the initial attempts to shrug off Google’s decision to ban online ads promoting...
Bitcoin remains in consolidation mode after failure to hold above $10,000. The recovery attempts look too timid this week, but the currency remains on hunt for the psychological resistance. The price ran into offers around $9,400 on Tuesday, and settled just above the $9,000 threshold today. Interestingly, the digital currency has mostly shrugged off a fresh...