Crude oil price is within a horizontal channel ahead of EIA’s weekly US oil inventory data. On the one hand, the aggressive spreading of the Delta coronavirus variant has triggered concerns on global oil demand. Late on Tuesday, the American Petroleum Institute (API) indicated that the amount of oil in […]
USD/CAD remains range-bound ahead of the Canadian inflation data. Over the past week, crude oil price’s sideways trading has supported the currency pair. WTI futures have been trading within a tight range of between $71.00 and $72.50 for a week. Besides, concerns surrounding the aggressively spreading Delta coronavirus variant have […]
Ethereum price is on a rebound after the plunge observed across the crypto market on Monday. The altcoin is up by 7.84% while Bitcoin has surged by about 9.13% from Tuesday’s intraday low. Other altcoins have exhibited a similar trend with Dogecoin and Ripple rising by 6.05% and 4.95% respectively. […]
Ripple price is on a rebound after pulling back from its three-week high on Monday. After the risk-off sentiment that dampened the crypto market in the past week, more buyers are entering the market. Subsequently, the altcoin has held steady above $0.6000 since the beginning of the week. With the […]
Bitcoin price has pulled back from six-week high of 40,597.93 it hit in the previous session. Recovery of the market sentiment helped the crypto rebound after dropping below 30,000 in the previous week. On Tuesday, the fear and greed index was at 32, which is significantly higher than last week’s […]
EUR/USD remains range-bound ahead of Germany’s business climate figures. Last week, the dovish stance by the European Central Bank (ECB) pushed the currency pair from the week’s high of 1.1830. In today’s event, analysts expect the Ifo business climate index to come in at 102.1 compared to June’s 101.8. Germany […]
Bitcoin price has surged by 11% early on Monday as the bulls strive to push it past $40,000. The prices have been boosted by positive remarks in last week’s B Word Conference. During the event, Tesla’s CEO Elon Musk indicated that he personally owns Bitcoin and that he “might pump, […]
Bitcoin price has eased as bulls lack enough momentum to push it past the crucial support-turn-resistance level of $33,000. Earlier in the week, the risk-off mood in the market pushed the cryptocurrency below the psychological level of $30,000 for the first in a month. On Tuesday, it hit an intraday […]
Crude oil price has eased after a two-day surge. Earlier in the week, uncertainties surrounding the demand and supply dynamics exerted pressure on the commodity. Investors were concerned about increased supply after OPEC+ member states agreed to increase monthly output by 400,000 bpd from August. The decision comes at a […]
GBP/USD is trading sideways as investors shift their focus to the UK retail sales data. Analysts expect June’s retail sales to have risen by 0.4% MoM after declining by 1.4% in the previous month. With the exclusion of the volatile food and energy components, the forecasted core retail sales figure […]
