EUR/USD pair turns positive on Friday. After a pessimistic start, the pair gained positive traction and scaled higher with bullish momentum. The spot is consolidating in a short-term range of $0.9910-1.0050 since August 19. However, the overall trend remains bearish. …
Oil prices continued with their downside momentum on Wednesday. A cautious market mood amid renewed strength in the greenback and lack of buying interest weighs on the prospects of the black gold. Investors remained concerned about the global economic outlook, …
XAU/USD bears took the charge on Tuesday and led the losses toward $1,720. The major theme revolves around the higher interest rate bets from the U.S Federal Reserve that added attractiveness to the greenback. The non-yielding asset, although considered a …
The Sterling rose to a fresh daily high amid a weaker dollar and the expectations of aggressive monetary policy by the Bank of England. The current price action suggests the relief rally continues in the near future. GBP gained more …
Bitcoin is harnessing support near $21,200 after the coin met with intense selling pressure on August 19. The largest single day-fall since June 13. Currently, the price is hovering in a short-term trading range of $21,200 and $24,300 since July …
The gold has been trading in a short-term downside trend. The precious metal renewed August 2020 highs in March at $2,070.28. However, since then the price has depreciated nearly to the swing lows of $1,680. On the daily chart, the …
The Euro fell to a 19-year low against the greenback extending the previous week’s downside momentum. The recession fears in the eurozone and the strong USD kept the pressure on the shared currency. In the recent development, the Russian state-owned …
The Sterling continues to trade lower against the greenback. A renewed buying pressure on the U.S dollar and the disappointing UK economic data weighed on the prospectus of the British Pound. The retail sales volume gained 0.3% in July following …
The shared currency refreshes monthly lows below 1.0100 with a bearish sentiment. A rebound in the U.S dollar and weaker Eurozone economic data added woes to the already struggling Euro. Despite a fall in the benchmark U.S bonds yields, the …
The Japanese Yen has struggled against the U.S. dollar since the week started, it is the worst performing G10 currency on Wednesday. A rebound in the greenback, global recession fears, and heightened Yen supply led the movement in the pair. …
