EURUSD failed to keep the bullish momentum going on Monday despite the risk-on sentiment fueled by positive noises on the US-China trade talks, as mixed European PMIs weighed the common currency. The pair struggled around the 1.1175 area which caps gains since mid-October. In a wider picture, the euro still remains in a range limited by the 200- and 100-DMAs. ...
Gold looks set to post third straight week of gains, mainly due to a two-day rally after the Federal Reserve decision which sent the greenback lower across the board. However, the precious metal has yet to confirm its recovery above the $1,500 psychological handle, with the bullion shows some signs of weakness early on Friday. The Fed’s interest rate cut...
The Federal Reserve cut rates as expected and signaled a pause in its easing cycle. At the same time, Powell highlighted that the central bank would need to see a significant move up in inflation before they could consider raising rates. The dollar was hit hard by this statement and suffered losses across the board. As a result, EURUSD jumped to 1.1150 and...
The Federal Reserve is widely expected to cut interest rates by a quarter point later today despite some of the arguments for a cut are now not so strong as earlier. But as this move has been priced in already, the central bank will likely ease the monetary policy further in order not to disappoint investors and avoid a sell-off in the stock market. The...
Brent crude extend the decline on Tuesday as risk sentiment looks mixed despite some positive headlines on the US-China trade deal. Traders express a cautious tone, fearing another rise in the US crude oil inventories. The American Petroleum Institute will release its stockpile numbers later today, with the Energy Information Administration follows it on...
At the start of the week, positive comments from the US and China fueled positive market sentiment and put the greenback under some negative pressure. The two countries are getting closer to a deal but a lot of issues are yet to be resolved, which caps the risk-on sentiment. Apart from trade news, investors mulling prospects of another rate cut by the Federal...
Crude oil prices struggle to keep the bullish momentum after three days of gains. Brent has encountered the 100-DMA which serves as the immediate local resistance around $61.50. The sentiment in the market looks cautiously positive, with the effect of US inventory decline gas faded already and economic growth worries continue to weigh. Today, economists in a...
EURUSD briefly jumped to the 1.1160 area as traders cheered positive PMI numbers out of France. But the euro pared earlier gains quickly along with risk assets following German and Eurozone figures which knocked down the optimism as the numbers came in lower than expected and confirmed that the regional economy continues to struggle in October. In particular,...
EURUSD extends the pullback from monthly highs around 1.1180 registered at the start of the week. The pair retreated below the 100-DMA and now threatens the 1.11 handle as the greenback gradually regains strength against the European currencies amid the prevailing risk-off sentiment. Also, traders are getting more cautious ahead of the ECB meeting due...
Gold prices remain in a consolidative mode for over a week already, with bullish attempts are capped by signs of progress in the US-China trade talks and prospects of approving the Brexit deal. The bullion failed to challenge the $1,500 figure last week and struggles for direction since then. On Monday, the yellow metal was rejected from the $1,495...
Oil prices failed to confirm a break above the $60 handle and slipped back below $59 on Friday. Today, the prices are making some recovery attempts but the selling pressure still persists as investors show a cautious tone amid the ongoing Brexit turmoil, US-China trade frictions and weak economic data. As such, the British parliament delayed a crucial vote on...
In less than a week, GBPUSD gained nearly 6% against the greenback. Yesterday, the pair refreshed five-month highs around the 1.30 psychological level which served as a resistance. On Friday, the pound retreats marginally and has settled around 1.2850, awaiting further development surrounding Brexit. The recent rally came as the EU and UK agreed on a Brexit...
Gold prices have been trading with a bearish bias since September, with the bullion had to retreat from long-term highs just below $1,557, down to the current levels below the $1,500 handle which now stands as the immediate resistance. Once above, the yellow metal could try to regain a more robust momentum. In the short term, gold may resume the upside move...
Brent crude extends losses for a third day in a row. Trade-related optimism has waned quickly and investors show a limited demand for risky assets. Moreover, tensions between the world’s two largest economies could reemerge as recent developments demonstrate. In particular, China vowed to take countermeasures against the U.S. in response to a bill that favors...
EURUSD finished marginally lower on Monday, and the upside bias resumed earlier today, with the pair continues to hold above the 1.10 handle. In general, the common currency continues to fluctuate in a limited range, with bulls remain cautious ahead of German ZEW survey. The economic sentiment index is anticipated to fall further to -27.3 in October from...
Gold prices dipped to early-October lows on Friday as investors were cheering a partial US-China trade deal. As a result, Washington decided not to raise tariffs on $250 billion worth of Chinese imports from 25% to 30%, which brought some relief to global markets. The bullion registered a weekly low just below the $1,474 figure and finished at $1,488 on...
Since the beginning of this month, EURUSD has been recovering gradually, after two weeks of steep losses in the second half of September. Yesterday, the euro has finally broken above the 1.10 handle amid a broad-based weakness in the greenback. Risk sentiment improved dramatically due to positive developments in Washington, with Trump said trade talks between...
The USDJPY pair is getting more volatile as signals from the trade front are rather contradictory. In Asia, the greenback briefly jumped above the 100-DMA to register one-week highs around 107.77 after an earlier dip to 107.00. The pair has settled around opening levels since then. Such dynamics confirms a heightened uncertainty around the upcoming trade...