The pair is slightly correcting downwards after Friday's rebound, caused by an increase in demand for risky assets, which put pressure on the US dollar. If the general market sentiment is neutral, expect the pair to continue its corrective decline.
Technical side:
The price is located above the middle …
Friday, March 26th, today’s news—oil is up 2% on the Suez Canal blockage that may last for weeks. Markets of Europe and Asia recover, but pandemic worries still weigh, American stocks rise following Dow's turnaround yesterday, dollar weakens. The price of Brent oil is $63.23, WTI—$59.92, EUR/USD is at 1.1793, GBP/USD—1.3784, …
Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fifth session in seven sessions from its highest since the beginning of this March, ignoring the bounce of the US dollar index for the second session …
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