Crude oil prices are trying to regain the bullish momentum after yesterday’s dip below the $65 mark. However, Brent lacks the impetus as the threat of US shale production prevents the asset from a steady rebound above the 20-DMA above the key local level mentioned above. As long as the asset remains below this area, the downside risks prevail.
The market...
Following a five-day losing streak, BTCUSD regained the upward momentum on Friday and is now within striking distance of the $10,000 threshold. Over the past week bitcoin shed about 20% of its value, but it was not the only digital asset suffering big losses, with the whole market was bleeding as well.
Technically, the latest retreat looked rather appropriate on...
The EURUSD pair is extending its bullish run, headed toward the fifth daily gain in a row. The price faced local resistance around 1.2450 and has moved off highs slightly, while keeping the upside bias. The current euro’s strength is mostly due to the persistently negative dynamics in the greenback across the board. Meanwhile, the ECB meeting is due tomorrow, and...
Crude oil prices showed biggest one-day jump in nearly three weeks on Monday. The momentum has slowed down since then, however Brent keeps afloat today moving towards the immediate goal at $66.00, up 0.43% on the day.
The combination of risk-on mode that returned in the global markets and a weakening US dollar has created the proper conditions for extending the...
Slowly but steadily, bitcoin is gaining its bullish momentum, rising for the fifth day in a row. BTCUSD has refreshed two-week highs around $11,500 during the morning trading and is trying to keep above the psychological level $11,000.
The market has largely shrugged off the recent comments from the Bank of England Governor Mark Carney who called bitcoin a...
The commodity currencies – Australian and Canadian dollars – have steepened their decline provoked initially by falling crude oil prices, along with the greenback recovery. The additional bearish driver emerged following the Trump’s decision to impose major tariffs on steel and aluminum from other countries – 25 per cent and 10 per cent respectively. The bearish...
The price of bitcoin has mainly shrugged off the bearish news from the U.S. where the SEC shows signs of ramping up pressure on the ICO market. On Wednesday, the regulator issued scores of subpoenas and information requests to ICO-related companies. BTCUSD retraced following the report, but managed to keep above the key $10,000 mark and regained the bullish bias,...
Brent attempts unsuccessfully to stay in the positive territory on Wednesday following a yesterday’s sell-off on the back of global risk aversion and US dollar demand fuelled by rather optimistic comments from the new FED Governor Powell. As a result, prices had to give up the $67 mark and retreat to lows barely above the $66 level which is now the immediate...
Bitcoin is continuing to march higher as it jumped back above the $10,000 threshold and now aims for the next psychological target of $11,000. The digital currency spiked 4.5% on the day, having already recouped last week’s losses.
The cryptocurrency market remains rather volatile, but the range of fluctuations is gradually narrowing, which tends to attract more...
The EURUSD exchange rate has resumed its recovery on Monday, with the greenback is again under pressure on the back of easing Treasury yields and rising global stocks. The price is back above the mark 1.23, trading within a striking distance from the 20-DMA at 1.2365.
The short-term prospects for the single currency look relatively healthy, mainly due to the US...
Gold prices are retreating since last Friday, with yesterday’s losses were the largest since June 2017. Today, the metal is trying to slow down the downside move witnessed on the back of a widespread recovery in the greenback. In the short-term, gold may remain under some bearish pressure, while the longer term prospects remain positive.
The USD demand is rather...
Brent crude futures failed to shake off the yesterday’s weakness and look set to suffer another disappointing day on Tuesday, with prices slipped below the $65 mark again. The market lacks momentum to preserve gains and seems to attract more bears in the short term.
The recent move lower is on the back of a widespread dollar appreciation amid increasing Treasury...
Bitcoin climbed to fresh February highs above the $11,000 mark on Friday, but failed to confirm the break to the upside and continues its consolidation with a bullish bias early in the week. The technical picture has improved recently, with the price seems to have confirmed the bottom below the $6,000 level reached on February 2nd.
Despite the local rebound,...
Following a spectacular rise two days ago, Brent crude oil has slowed down its ascent and fluctuates below the $65 mark on Friday. Prices resumed the bullish bias against the backdrop of a weakening U.S. dollar, signs of increasing global demand and a high discipline within OPEC. However, the upside potential still looks limited amid further remarkable growth in...
The EURUSD pair continues moving upwards on Thursday and reached 10-day highs above the 1.25 threshold recently, where the price met some supply on the back of a local USD demand. The euro has already recouped last week’s losses and looks set for further gains amid the persistent dollar weakness and growing expectations that higher euro area inflation will force...
As the cryptocurrency market is gradually returning to confidence, bitcoin is cautiously extending its recovery and now appears to be looking for further gains. The price is trading in striking distance of $9,000, where the $9,150 area is seen as key for the bulls - a break above could open the doors for a recovery to a major local psychological level $10,000....
The pound is among the best performers on Tuesday, trading around the 1.39 mark, up 0.5% on the day. The GBPUSD is extending its recovery from three-week lows hit on Friday below 1.38. The price made fresh daily highs at 1.3924 and now appears to be looking for further gains, targeting the 20-DMA around the 1.40 threshold.
Following the last weeks’ depreciation,...
The EURUSD pair is trying to stage a recovery after a major sell-off over the last week. However, the bounce lacks momentum as the greenback is striving to stay afloat amid investors’ cautiousness in the global stock markets. The price can’t regain the 1.23 mark since last Thursday signaling the single currency so far fails to shake off its recent weakness....
