Break of $43.58 or $40.00 pivotal points is needed to generate fresh direction signal
WTI oil price remains in directionless mode and holding within 80-pips range on Monday.
Rising tensions between the US and China and virus resurgence, weigh on oil price and offset positive impact from further weakness of US dollar.…
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Bears extend to the lowest since mid-March, pressure key Fibo support
The pair is down 0.7% since opening on Monday and extending steep fall into third day, driven by fresh strong safe-haven demand and further fall of the dollar.
Fresh weakness pressures key Fibo support at 105.20 (61.8% of 101.18/111.71…
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The dollar index falls to the lowest in nearly two years
The dollar index fell to the lowest since Sep 2018 on Monday, as rising tensions between the US and China sparked fresh selling.
Bears broke through key Fibo support at 94.12 (Fibo 61.8% 2018/2020 ascend from 88.14 to 103.80) and cracked…
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Fresh bullish extension approached key barriers
The Euro extends steep uptrend (up over 4% this month) and broke above 1.1700 barrier for the first time since Sep 2018.
Fresh advance hit new 23-month high on Monday as the single currency was further boosted by rising tensions…
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Gold continues to shine and hit new all-time high
Spot gold surged to new all-time high ($1944) in early Monday’s trading, extending last week’s 5% rally.
Deepening crisis between the US and China further boosted safe-haven demand and deflated dollar which fell to the lowest in nearly…
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Dollar index hits new 2020 low
Pressure on dollar is rising as bears eventually cracked key short-term support at 94.59 (2020 low, posted on 9 March).
Steep fall of past six days points to bearish acceleration, as the index is heading towards sixth consecutive week in…
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Oil prices remain supported by weak dollar but rising US/China tensions weigh
WTI oil price regained traction and bounced from $40.70 to the session high at $41.64 in European trading on Friday, recovering a part of previous day’s drop.
However, the price action remains in a choppy mode and holding in range, with…
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