HelenRush

HelenRush

Crude oil prices failed to preserve gains and got back below the $63 handle. On Tuesday, Brent tries to hold above $62 and struggles to resume the ascent amid the lingering trade uncertainty. Moreover, the market remains vulnerable to further losses despite the futures are holding above the 100-DMA these days. China expressed pessimism over a partial trade...

HelenRush

The greenback is lower against its major counterparts on Monday, as positive risk sentiment amid renewed trade optimism caps the safe-haven demand for the US currency. Over the weekend, China and US officials held phone talks and discussed the final details of the first phase of a trade deal. The news fueled investor optimism at the start of the trading week but...

HelenRush

Dollar demand seems to be reemerging, with major currencies retreating marginally on Friday. However, the trading activity has been muted amid the lingering trade uncertainty and ahead of key economic updates out of the Eurozone and the United States. At that, US-China trade developments remain on traders’ radars. The European CPI data could set a short-term...

HelenRush

Gold prices extend modest gains for a third day in a row, after reaching a three-month low of $1,445.50 earlier in the week. Spot gold has encountered a local resistance around $1,477, which is standing on the way to the 100-DMA. The short-term technical picture has improved somehow after a bounce, but the precious metal remains vulnerable to further losses as...

HelenRush

On Tuesday, Trump disappointed investors, threatening China with substantial tariffs if the two sides fail to strike a trade deal. The US President said the trade deal with China is close but didn’t deliver any details on the possible agreement. Such rhetoric fueled risk aversion on Wednesday, with dollar demand seems to be picking up ahead of the European...

HelenRush

Despite a modest bounce seen at the start of the week, EURUSD remains in a bearish mode and needs to stage far more decent gains to feel more comfortable. The pair suffered aggressive losses last week and still licks its wounds not far from the 1.10 handle, which remains at risk. In the short term, the common currency will pay attention ZEW survey out of...

HelenRush

On Friday, Brent managed to recover from weekly lows around $60.65 and finished at $62.65. However, as the market sentiment has deteriorated again, the prices slipped back below the $62 handle and threaten the 100-DMA again at the start of the trading week. Risk aversion in the global financial markets is due to the spreading protests in Hong Kong along with...

HelenRush

Gold prices continue to trade under the selling pressure as investors cheer positive trade headlines this week. The bullion barely held above the key $1,460 handle which was briefly pierced in early October and turned into a support level during the first week of August. Progress in the US-China trade negotiations is the key bearish driver for the precious...

HelenRush

After rejection from the 1.2975 local highs last week, GBPUSD remains on the defensive, now threatening the 1.28 figure. The uncertainty on the US-China preliminary trade deal coupled with stronger dollar are capping the bullish attempts in the pound early on Thursday. At the same time, recent reports that China commerce ministry is ready to negotiate on how...

HelenRush

Brent crude gained 1.35% on Tuesday and registered fresh late-September highs above the $63 handle. Oil prices saw three days of gains in a row amid a widespread optimism over a possible US-China trade deal. However, as the positive momentum in risky assets wanes due to a lack of fresh signals from the trade front, Brent struggles to extend the rally as well. ...

HelenRush

Hopes that Washington and Beijing will manage to strike at least a partial trade deal fueled risk-on sentiment across the board in the global financial markets. As a result, safe-haven gold failed to extend the rally initiated in the second half of last week. The bullion registered local highs just below $1,516 on Friday and retreated back to the levels...

HelenRush

EURUSD failed to keep the bullish momentum going on Monday despite the risk-on sentiment fueled by positive noises on the US-China trade talks, as mixed European PMIs weighed the common currency. The pair struggled around the 1.1175 area which caps gains since mid-October. In a wider picture, the euro still remains in a range limited by the 200- and 100-DMAs. ...

HelenRush

Gold looks set to post third straight week of gains, mainly due to a two-day rally after the Federal Reserve decision which sent the greenback lower across the board. However, the precious metal has yet to confirm its recovery above the $1,500 psychological handle, with the bullion shows some signs of weakness early on Friday. The Fed’s interest rate cut...

HelenRush

The Federal Reserve cut rates as expected and signaled a pause in its easing cycle. At the same time, Powell highlighted that the central bank would need to see a significant move up in inflation before they could consider raising rates. The dollar was hit hard by this statement and suffered losses across the board. As a result, EURUSD jumped to 1.1150 and...

HelenRush

The Federal Reserve is widely expected to cut interest rates by a quarter point later today despite some of the arguments for a cut are now not so strong as earlier. But as this move has been priced in already, the central bank will likely ease the monetary policy further in order not to disappoint investors and avoid a sell-off in the stock market. The...

HelenRush

Brent crude extend the decline on Tuesday as risk sentiment looks mixed despite some positive headlines on the US-China trade deal. Traders express a cautious tone, fearing another rise in the US crude oil inventories. The American Petroleum Institute will release its stockpile numbers later today, with the Energy Information Administration follows it on...

HelenRush

At the start of the week, positive comments from the US and China fueled positive market sentiment and put the greenback under some negative pressure. The two countries are getting closer to a deal but a lot of issues are yet to be resolved, which caps the risk-on sentiment. Apart from trade news, investors mulling prospects of another rate cut by the Federal...

HelenRush

Crude oil prices struggle to keep the bullish momentum after three days of gains. Brent has encountered the 100-DMA which serves as the immediate local resistance around $61.50. The sentiment in the market looks cautiously positive, with the effect of US inventory decline gas faded already and economic growth worries continue to weigh. Today, economists in a...