The GBPUSD pair continues its marginal ascent on the back of dollar retreat across the board. Safe haven demand has abated as trade-war worries have stepped back for now, which derails the greenback’s attractiveness. Besides, the buck is cautious ahead of the upcoming Fed’s Powell testament. The pound has also received an additional boost from the UK wages...
EURUSD declined last week after three weeks of gains. The pair looks neutral on Monday, changing hands around the 1.17 threshold, which serves as the key barrier for short-term buyers. USD index looks quite stable, but has started the week mainly on the back foot, which raises a chance for a more sustainable rebound in the single currency. The general...
The single currency remains under pressure these days, with the EURUSD is on track to finish the week in the negative territory after three weeks of gains. The price slipped to multiday lows of 1.1625 and now threatens the 1.16 threshold as the sentiment around the buck remains upbeat. The pair managed to bounce from lows yesterday, but failed to get back...
Crude oil price suffered a steep decline yesterday, extending losses to the $73 level, -7.5% on the day. On Thursday, Brent makes recovery attempts, with the initial resistance now comes at $75. Despite the sell-off has stopped, prices still look vulnerable as the recovery momentum is too weak so far. Libya has resumed production earlier than expected, while...
EURUSD ended flat on Tuesday, with the pair has been trading under a mild bearish pressure today as the greenback attempts to regain ground. The US dollar receives some support amid the risk-off environment that resumed after the Washington announced 10% tariffs on USD200B Chinese imports. The price faced a stiff resistance level of 1.18 earlier this week,...
Gold prices hit a two-week high yesterday, but trimmed intraday gains afterwards. The yellow metal touched levels marginally below the $1,266 figure and closed below $1,260. On Tuesday, gold has been trading just above $1,255, with a mild bearish bias. The precious metal gained last week due to dollar weakness which continues these days. The cautious investor...
The EURUSD pair surged to almost one-month highs around 1.1780 on Monday, extending gains after three weeks of recovery from 2018 lows marginally above the 1.15 figure reached in June. The main driver behind the price rise is the abating dollar impetus within the bullish trend. The latest pressure on the greenback came from dismal US wages data on Friday....
The euro has established a recovery path and gas been trading with mostly bullish bias for a third week in a row. This comes amid some signs of USD rally exhaustion, as the greenback doesn’t already receive a strong boost from trade-war worries and the hawkish Fed. The single currency rebound was fuelled these days by robust German data, with industrial...
Brent crude made another failed attempt the challenge the $78 immediate resistance which attracts profit-taking this week. Crude oil markets look rather stable in a wider picture, while short-term charts highlight the nervous behavior of traders lately. One of the reasons behind the mixed dynamics in prices and the lack of bullish impetus are Trump’s tweets...
The greenback is attempting to regain ground Wednesday, showing mixed dynamics against major rivals. The overall sentiment around the greenback remains rather muted this week as traders are cautious ahead of the key events – the FOMC meeting minutes and NFP employment report on Thursday and Friday respectively. The EURUSD pair failed to make a clear break...
Following yesterday’s correction, Brent crude has resumed the ascent and targets the recent highs once again as the price received a local psychological support in the $77 area on Monday. The immediate upside target comes at $78, and a break above will open the way to $80. The reason behind the rebound were the reports that Libya’s National Oil Corporation...
The euro received a boost on Friday after the EU leaders reached an agreement over the migration issue. The EURUSD rallied but failed to challenge the 1.17 local resistance. The bullish impetus turned out very short term and unsustainable as the situation in Germany remains unresolved, so the pair is losing ground on Monday, remaining above 1.16 so far. ...
Brent crude has been testing the $78 level once again as the lingering global supply concerns continue to fuel oil demand this week. The price targets the $80 threshold, trending north for a sixth day in a row. However, the risk of profit-taking is rather high at this stage as the positive drivers have been largely priced in already. Market participants...
GBPUSD has been trading under an intense bearish pressure this week, with the pair failed to keep above the 1.31 threshold on Thursday and slipped to fresh mid-November lows around 1.3065. The price has partially recovered since, but remains weak and vulnerable to further losses. Month-end, quarter-end, and half-year-end flows support the greenback across...
The USDJPY pair managed to stage a solid rebound on Tuesday, but failed to make a clear break above the critical 200-DMA and got back below the 110.00 threshold today. The immediate support now comes around 109.50. The dollar still lacks the upside impetus against the yen as the Japanese currency attracts buying interest as a safe haven currency. The...
The EURUSD pair has been correcting lower on Tuesday after three days of gains. The price failed to keep above the 1.17 threshold and is getting back below the 20-DMA, down to session lows around the 1.1670 area. The short-term technical picture points to downside risks for the single currency. The dollar regains the positive momentum today, with risk-off...
EURUSD continues its recovery on Friday, with the key reason behind the corrective rebound is the widespread dollar weakness amid a retreat in the 10-year US Treasury yields and a better risk-on tone after the recent sell-off. The pair has reached the 20-DMA just above the 1.1670 area, where the rally has exhausted for the time being. As there are no any...
GBPUSD has been trading lower on Thursday, at fresh 7-month lows around 1.3125. The pair remains under pressure mainly due to strength in the US dollar which received a boost recently from the hawkish Fed. The pound has lost the important support area 1.3150 and remains vulnerable to further losses. Today, the Bank of England policy meeting will be in focus....