Dow Jones surges as trade deal boosts risk appetite
Dow is trading at the highest in nearly six weeks at the start of the US session on Monday, after it opened with a gap-higher in Asia and advanced around 1.3% since then.
The latest trade deal between US and China provided strong relief…
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Crude oil price rises further as positive moves in US-China trade talks improve the sentiment
WTI oil price jumped over $2 on Monday following success of US-China trade talks over the weekend that eased tensions and signaled that world’s two largest oil consumers are on the way to resolve their trade conflict.
The markets…
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Gold price tumbles as waves of fresh optimism fade safe-haven demand
Gold price fell around 2.5% at the start of the week, as positive news (US-China trade deal / India – Pakistan ceasefire) dominated in early Monday and strongly contributed to fading safe haven demand.
Fresh optimism that disastrous…
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Bitcoin holds gains above 100K, limited correction likely to precede attack at new record high
Bitcoin continues to trend higher and hit the highest in almost 3 ½ months on Friday, in extension of Thursday’s 6.7% rally (the biggest daily gain since March 2).
Near-term sentiment was brightened by announcement of US-UK trade…
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WTI Oil regains levels above $60 as signals of US-China trade talks ease tensions
WTI oil keeps firm tone and attempts to hold gains above pivotal $60 barrier (psychological / Fibo 50% retracement of $64.70/$55.14 bear-leg).
The price rose around 4% on Thursday, inflated by fresh optimism after US and China announced…
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Dollar Index – bullish bias above broken psychological 100 level
The dollar index edged lower from one month high on Friday, but remains constructive, as the latest bullish acceleration broke and establishes above psychological 100 level, which repeatedly capped attacks in past three weeks.
The dollar…
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BTCUSD nears psychological 100K barrier as easing trade concerns continue to boost bullish sentiment
Bitcoin keeps firm tone and nears psychological 100K barrier as the latest bull-leg off 93352 (May 6 trough) extends into third consecutive day and continues to accelerate.
Easing trade concerns on signals of US-China negotiations and…
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Bank of England cuts rates by 25 basis points as widely expected
The Bank of England cut its main interest rate by 25 basis points from 4.50% to 4.25% on its May monetary policy meeting on Thursday, which was also the first policy meeting after President Trump announcement of large packages of trade…
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Cable – key support zone remains under pressure ahead of US-UK trade deal announcement / BOE…
Cable holds in red on Thursday and pressuring key support zone after overnight’s 0.5% jump on news of possible US/UK trade deal, was quickly reversed.
The US President Trump is expected to announce the details of initial trade deal with…
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USDJPY recovers part of recent losses ahead of Fed
USDJPY edged higher on Tuesday on partial profit-taking from strong drop in past three days (the pair was down 2%).
Bounce was so far limited (retraced slightly above 23.6% of 145.92/42.35 bear-leg), with mixed technical studies (daily…
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