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....
Despite currency markets have been calmly observing the global stocks rout, the greenback managed to gain some support amid a widespread risk aversion this week. As a result, the euro is on the way to registers its worst weekly performance since October. Following a seven-week rally, EURUSD has retreated from highs above 1.25 hitting levels last seen back in...
The downside correction in the oil market is gaining momentum, with Brent crude prices came close to the $65 mark in Asia and hit a 2018 low on lingering concerns over surging U.S. output. The key question now is if prices stage a recovery from here, or dive under the psychological level and extend losses. The recent bearish driver for another sell-off was the...
GBPUSD has entered a consolidation phase, hovering around the 1.39 level following the recent retreat from highs around 1.4150 early in the week. The recent pullback was triggered by a number of factors, including stronger US dollar, unimpressive UK economic data, negative signals from the Brexit process, and a more cautious tone ahead of Bank of England’s “Super...
Cryptocurrency market remains under a heavy pressure facing strong headwinds from global regulators and authorities that are taking a tougher stance against the “volatile and dangerous” market day by day. Bitcoin price briefly slipped below the $6,000 mark on Tuesday, down to fresh mid-November lows in the $5,810 area, -14% on the day. The current fallout in...
Cryptocurrencies continue to retreat at the start of a new trading week following sharp losses on Friday, with bitcoin is trading dangerously close to fresh November 24th lows below the $8,000 threshold. Any attempts to regain the upside potential face strong headwinds amid the never-ending woes in the volatile market. In another blow for bitcoin, major US credit...
Following the recent consolidation phase, bitcoin has suffered huge losses this week. Amid a growing list of factors weighing on the cryptocurrency, the price dipped below the key $10,000 support which triggered a more aggressive sell-off. As a result, the asset has cracked below $9,000 for the first time since November and moved to the lowest levels since...
The AUDUSD pair extended its slide and touched a one-week low at 0.7987 on Thursday. Aussie is trading in bearish mode for the fourth consecutive day, sticking to the key 0.80 psychological support. The economic data from Australia is not supportive for the currency these days – weak CPI report has disappointed the bulls and triggered a more aggressive technical...
Bitcoin remains under pressure and struggles to find demand amid further negative developments in the cryptocurrency market. The price briefly slipped below the $10,000 handle on Tuesday and tried to test this key support earlier today. The digital currency reached fresh two-week lows at $9,698 where attracted some demand and is trying to move back into positive...
Brent futures fall for a second day on Tuesday amid growing fears of US stockpiles rising for the first time in 11 weeks. Recent buoyant tone in the market was also undermined by USD recovery, though the bearish pressure is already back today. Brent touched a low of $68.50, its weakest since January 22, and struggles to regain the $69 mark. The market expects...