Crude oil prices refreshed late-2014 highs during the Asian hours on Thursday just below the $78 threshold. Now, it looks like Brent takes a pause after an aggressive rally on Trump’s decision to abandon the nuclear deal with Iran. After this step, which was widely expected, traders started to price in new sanction on Tehran and therefore the decline in Iranian...
Bitcoin is nursing losses for the fourth day in a row, with the price tried to challenge the key psychological support at $9,000 earlier on Wednesday. Still, the current retreat looks natural and quite logical, as a break above the $10,000 threshold, strengthened by the 200-DMA, is not an easy task for the bulls. There are still no any significant drivers or...
The oil market is looking forward the Trump’s decision on Iran. Investors continue to wonder, if the US President will announce today that he withdraws from the Iran nuclear deal and reimposes sanctions against Tehran. Over the last month, traders were pricing in the decline in Iranian oil exports and these expectations, coupled with the continuing OPEC efforts,...
BTCUSD refreshed early-March highs over the weekend, but then corrected rather sharply and continues to retreat on Monday. The price reached the levels marginally below the key $10,000 barrier which is a magnet for bulls during the last couple of weeks. This level also coincides with the 200-DMA, so it’s even tougher to break to the upside. Many market...
Following yesterday’s jump, bitcoin is trading with a bullish bias on Friday, with the $10,000 psychological level back in play. The price is back to mid-March highs around $9,800, but the buyers still hesitate to challenge the key barrier. The latest wave of optimism in the cryptocurrency markets was due to Goldman’s announcement - one of the most well-known...
Crude oil prices struggle to stage a recovery after a correction from the fresh November 2014 highs close to $75. Brent is stuck around the $73 figure on Thursday, with the 20-DMA acts as support for bulls for the time being. Traders hope that Trump will reimpose sanctions against Tehran which will lead to lower oil exports and production from Iran, in addition to...
Following a failed attempt to test the important $10,000 barrier, bitcoin shows some signs of a minor correction. However, the downside risks remain limited as long as the price clings to $9,000 and holds mainly above the 100-DMA around $8,900. The bulls have retreated recently as the BTCUSD pair needs additional impetus to make a clear break above the mentioned...
Gold prices ended April lower, with a widespread dollar rally put the precious metal under intense bearish pressure. By the way, the greenback had its best month since the election of Donald Trump, as trade tensions continue to ease and the expectations over the Fed tightening path are increasing, fuelling the USD demand. In the near term, the yellow metal could...
Last week, bitcoin refreshed mid-March highs just below the $9,800 level. Since this jump, the price is holding above the 100-DMA which now comes around the psychological support at $9,000. As technical indicators show, the BTCUSD pair set for further ascent in the short- and longer term. Besides the technicals and the overall improving sentiment in the industry,...
After a 10% decline, BTCUSD started to recover and climbed back above $9,000 on Friday. The latest retreat, triggered by profit taking and the sale of the Mt. Gox trustee funds, was taken as buying opportunity, and the $10,000 is back on investors’ radars. Good news for the industry this week is that cryptocurrency exchange Gemini announced its partnership with...
Bitcoin price is sinking lower for a second day in a row as a result of a corrective retreat from mid-March highs. BTCUSD attracted sellers as it was trying to challenge the $10,000 mark on Wednesday, and since then, the price has dropped to the $8,600 area. The most obvious reason behind the fall is profit taking. It looks quite natural that some market...
Following yesterday’s limited recovery attempts, spot gold prices are back under pressure. The yellow metal failed to keep above the $1,330 level and staged a retreat on Wednesday, threatening the $1,322 area once again. The key driver behind the metal’s bearishness and lack of sustainable upside impetus is the dollar’s widespread rally, fuelled by the 10-year...
Bitcoin gained more than 10% over the last week and continues its bullish ascent for a seventh day in a row. During the morning trading on Tuesday, the price has refreshed a 40-day high just below $9,300 and looks set for another leg higher. Earlier, the bull run has accelerated after a break above the $8,500 resistance. The current dynamics may show that the...
Brent is trading in a corrective mode today after a nearly flat closing on Friday, with the barrel is now treading water around the $73 level. The current profit taking looks limited for the time being, and should the prices refrain from losing the intermediate support at $72,80, there will be a chance of regaining the bullish move in the short term. Aside from...
After yesterday’s consolidation, BTCUSD has accelerated its ascent on Friday. The coin has finally managed to make a clear break above the $8,250 threshold and reached $8,500 for the first time since late March, up 3.5% on the day. The latest move is more of a technical nature, as there is no any meaningful news in the industry at the moment. It looks like...
Crude oil prices jumped Thursday to the highest since late 2014 amid speculations that Saudi Arabia set for pushing prices even higher. US crude oil inventories decreased over the last week, which also supports the bullish move in the market. Tomorrow, OPEC and its partners will meet in Saudi Arabia, and market participants expect the group to announce its...
BTCUSD registered a fresh three-day low on Tuesday and failed to close above the key $8,000 mark. However, today, the cryptocurrency jumped 3% in minutes and is trying to keep above the psychological level at the moment, +2.25% on the day. The cryptocurency market remains volatile, and in this case, it may well be connected with the US tax deadline. As the tax...
After a five-day winning streak, crude oil prices retreated on Monday, as geopolitical worries have abated. Easing concerns about escalation in Syria fuelled a partial profit taking at attractive levels. Brent is trading flat today, following failed attempts to regain the bullish impetus during the morning trading. As global oil markets come closer to...