arumcapital

arumcapital

NZDUSD has been depreciating for a sixth day in a row - the longest losing streak in over three months. The currency pair is trading barely above the 0.67 figure on Monday and it looks as if the longer-term down trend has resumed. The US dollar feels relatively comfortable at the current levels. The key risks for the greenback are the prolonged US government...

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After a brief pause on Thursday, oil prices resumed the ascent and rose 1% today. The bulls are cheering the easing fears about prolonged oversupply after the POEC report showed the cartel production fell sharply in December. This fact suggests that producers could take strong efforts within a new deal amid the prospects for lower oil demand against the backdrop...

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The cross is driven mostly by Brexit headlines these days. The pound looks quite steady despite the controversial signals from the UK. The UK currency advances this month on hopes that the deadline for London to leave the EU will be extended. There are also talks about a second referendum, which gives a lift to sterling as well. But the uncertainty on this...

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Aussie failed to make a clear break above the 0.72 figure last week and since then can’t decide on the direction, struggling to resume the upside move. The bullish outlook turned neutral after rejection from the key resistance level, with upside risks have ebbed lately and now the pair lacks the directional impetus. The tone for the pair is set by economic...

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Brent crude reached fresh one-month high around $62.50 late last week but failed to preserve the momentum and attracted profit-taking that took prices below the key $60 handle. At the start of a new trading week, the barrel was hit by dismal Chinese trade data that reignited concerns over the slowing global growth and pushed commodities lower. Now, when global...

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Euro dipped below the key 100-DMA late last week and trades unbiased on Monday, seeking a direction amid a lack of fresh catalysts. The bulls are now defending the 1.1450 level that is being exposed to a break after a slide below the 1.15 handle. The pair alternates gains with losses after failed attempts to challenge the 1.1480 area earlier in the day. the...

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Oil shows biggest gains in two years, gaining over 8% this week after a rebound by nearly 10% a week earlier. As such, Brent has returned to the bullish market territory following aggressive losses during the fourth quarter. Still, the prices are still nearly 30% lower that the October highs above $86, so there is still room for a rally that could continue in a...

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After the flash crash that look place a week ago, AUDUSD has been on the rise due to a combination of two major drivers. First, the aussie is benefiting from improved risk sentiment amid some progress in US-China trade talks. By the way, China’s commerce ministry reported that the country is in close contact with the US over next stage of talks. Such a positive...

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Crude oil prices are rising for an eights session in a row, which is the longest winning streak since mid-2017. In late December, Brent found a bottom marginally above the $50 handle and rallies since then. On Wednesday, the prices approached the psychological barrier at $60 amid the widespread optimism over the US-China trade talks. By the way, China’s foreign...

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US-China trade talks continue, lifting market sentiment marginally amid the optimism and hopes of some progress or a breakthrough in relations. While the two countries may reach some arrangements, it is still too early to expect a deal announcement as the trade issues are too deep and complicated to be resolved quickly. So if the possible progress doesn’t meet...

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A better risk sentiment makes the dollar stay on the defensive on Monday, with traders continue to digest Powell's dovish comments from Friday and cheer the positive background on the trade front. As such, EURUSD further gains ground though the moves are still limited by a range of 1.13-1.15 which looks like a battleground for bears and bulls. The Chinese...

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Gold prices extended their bullish breakout on Thursday, with the bullion rallied to fresh mid-2018 highs marginally below the $1.295 figure. The yellow metal has been on the rise for a third week in a row, and looks set to regain its appeal further in the longer run. However, the short-term picture suggests that the prices could see a pullback before another...

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The first trading day of the year was rather volatile across global markets including oil. Brent crude jumped aggressively after some consolidation earlier in the day, with the prices reached nearly two-week high of $56.50 but settled below the $55 figure ultimately. The rally in the crude oil market was rather a correction though than a sustainable recovery...

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Equities sentiment continues to sour on the first trading day of 2019, which doesn’t bode well for the euro and gives further lift for the yen and other safe haven assets. The greenback receives some reprieve against the European currencies as well.  EURUSD touched late-October highs marginally below the 1.15 barrier earlier in the day but turned negative as...

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Gold finished off the year on a firm footing and could be poised for an even more vigorous rally in the months to come. The yellow metal closed at six-month highs above $1,280 in December and looks set to develop its ascent against the backdrop of the ongoing turbulence in the global financial markets. The widespread dollar weakness seen towards the end of 2018...