WTI oil – larger bears are taking a breather ahead of key $70 support zone
WTI oil price edged higher on Friday as larger bears are taking a breather after this week’s strong fall.
Fresh gains were sparked by new US sanctions on Iran’s crude exports, which partially countered strong pressure on oil price from…
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Gold – bulls tighten grip after a minor consolidation
Gold price eased on Wednesday after hitting a series of new record highs in past 24 hours
The latest bullish acceleration was sparked on as growing concerns about the negative impact of a trade war between US and China after two world’s…
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USDJPY falls to 7-week low as strong Japanese wage growth boosts bets for BoJ rate hike
USDJPY fell nearly 0.9% in Asian – early European trading on Wednesday as the dollar remains at the back foot for the third straight day, while yen received fresh boost from stronger than expected rise of earnings in Japan that adds to…
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Gold consolidates under new record high, remains underpinned by strong safe haven demand
Gold price holds within a narrow consolidation on Tuesday and steadies above $2800, following Monday’s roller coaster, inspired by US tariffs.
Sharp dip was short-lived and followed by quick recovery that pushed the price to new all-time…
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Bitcoin fell near key 90K support zone on tariffs, but near-term outlook may be more positive than…
Bitcoin fell below psychological 100K support and hit the lowest in almost three week, to challenge again key 90K support zone, which marks the floor of broader consolidation range.
The leading cryptocurrency remained at the back foot…
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Dollar surges across the board on US trade tariffs
The dollar index opened with gap-higher on Monday (up 1.1%), lifted by threats of trade war after US President Donald Trump imposed tariffs on imports from Canada, Mexico and China.
Two top US trading partners, Canada and Mexico…
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Bitcoin trades in a quiet mode, awaiting Trump’s decision on tariffs
Bitcoin holds under one-week high and in relatively quiet mode on Friday, as markets await decision of President Trump over imposing of 25% tariffs on imports from Canada and Mexico until February 1 deadline.
Compared to other…
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Fresh safe haven demand lifts gold price to new record high
Gold price posted new record high on Friday, following a probe through psychological $2800 barrier, in extension of Thursday’s 1.3% advance.
The bullion benefited from fresh safe haven demand on renewed tariff threats from President…
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ECB cuts rates as expected, signals readiness for further easing
The European Central Bank reduced interest rates by a widely expected 25 basis points to 2.75%, keeping the door open for further easing as sluggish economic growth takes priority over persistent inflation worries.
This marks the ECB’s…
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WTI oil price falls further on oil crude stocks rise
WTI oil price fell to the lowest level in nearly one month after unexpected rise in US crude stocks further weakened the sentiment.
Although fresh dip is facing headwinds, it may signal a continuation of a downtrend from $79.35 (Jan 15…
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