EUR/USD fades bounce off 20-month low, battles short-term key support area. Bearish MACD, risk-off mood keep sellers hopeful to visit 61.8% FE. Bulls need to cross two-week-old descending trend line to justify short-term strength. EUR/USD retreats from 1.1220 during the initial Asian session on Friday, around 1.1190 by the press time. The quote dropped to
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The EURUSD has not traded below its 2022 low of 1.11207 and in doing so trades at the lowest level since June 2020. The low price has reached 1.1105. Looking at the daily chart, there is natural support at 1.1100. A trendline on the daily chart also cuts across near that level at 1.1096. Break
Russia invasion of Ukraine remains the dominant theme in the markets today. Safe haven flow pushes gold to highest level in more than a year, marching towards 2k handle. WTI crude oil also surges pass 100 level, rising as it does in geopolitical tensions. In the currency markets, Yen and Dollar are overwhelmingly the strongest
As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out. Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, took to Twitter on Thursday
> PM Johnson Says We Will Do More In Days Ahead On Providing Ukraine With Defensive Weaponry ukraine PM Johnson Says We Will Do What More We Can In The Days Ahead On Providing Ukraine With Defensive Weaponry Ryan Paisey Thursday, 24/02/2022 | 12:01 GMT-0 24/02/2022 | 12:01 GMT-0 PM Johnson on the wires: JOHNSON
NEW DELHI: Gold prices spiked on Thursday, moving towards multi-month highs, as investors rushed towards safe-haven amid global geopolitical worries. Ukraine declared an emergency and the West imposed more sanctions on Russia for sending troops into eastern Ukraine, while Moscow bombarded Kyiv. Gold futures on MCX were trading higher by 1.53 per cent or Rs
In this article BIRD A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds shares tumbled in after-hours trading Wednesday as the sneaker retailer revealed mounting costs in the fourth quarter that weighed on profits and overshadowed double-digit
GBP/USD plunged to a fresh monthly low amid a global rush to safe-haven assets, including the USD. Russia’s invasion of Ukraine spooked investors and triggered a massive sell-off in the equity markets. Technical selling below the 1.3500 mark also seems to have contributed to the steep intraday decline. The GBP/USD pair added to its heavy
The GBPUSD has completed the lap up and down that saw the price of the pair bottom yesterday at 1.35375, move up to a high today at 1.3619 and then back down to a low today just below the low from yesterday to 1.35348. The 38.2% of the move up from the January low comes
US stocks tumbled sharply overnight after the West unveiled a wave a sanctions on Russia’s invasion on Ukraine, and warned that more are underway. But other markets were pretty steady, with Asian markets trading mildly higher. Gold is struggling to stand above 1900 handle. WTI crude oil is also gyrating below 96. In the currency
KUALA LUMPUR – Malaysian palm oil futures hit a record high on Wednesday, helped by supply jitters amid escalating Russia-Ukraine crisis and dry weather in South America. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 129 ringgit, or 2.21%, to 5,969 ringgit ($1,426.63) a tonne by the midday
In this article EBAY eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021. David Paul Morris | Bloomberg | Getty Images Shares of eBay slid as much as 11% in extended trading Wednesday after the online marketplace posted its fourth-quarter earnings and gave guidance for the first quarter that fell short of
EUR/USD remains offered for a second consecutive day, renews intraday low of late. Bear cross joins downbeat RSI to direct sellers towards three-week-old support line. Corrective pullback needs validation from a fortnight-long trend line resistance. EUR/USD takes offers to refresh intraday low around 1.1297, down 0.08% on a day during the second consecutive daily fall.
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As tensions increase once again in Ukraine, the GBPUSD has seen a move lower and back below its 200 hour moving average at 1.35766. The price ran to a low of 1.3553 so far. That is just above the 50% midpoint of the 2022 trading range for the pair. The GBPUSD remains in a narrow