The Canadian dollar experienced tranquil trading conditions with a slight positive bias, manifesting a sideways trend confined between the lower boundary around 1.3500 and the upper threshold below 1.3535. Today’s technical analysis, upon scrutiny of the 4-hour timeframe chart, reveals the simple moving average endeavoring to uplift the price. However, …

japanese-yen

Oil, Crude, trading

At the onset of this week’s trading, US crude oil futures contracts experienced a modest uptick, marking their peak yesterday in close proximity to the psychological resistance threshold of 78.00. From a technical standpoint, a scrutiny of the 4-hour timeframe chart reveals the resurgence of the 50-day simple moving average, …

Gold prices surged, buoyed by the support level highlighted in the previous technical report at the price of 2016. This support level played a pivotal role in driving prices upward, aligning with our positive outlook. The market witnessed the attainment of initial official targets, reaching as high as 2042.00. Analyzing …

The Euro/Dollar pair experienced subdued trading dynamics throughout the initial sessions of the previous week, characterized by a marginal upward bias aimed at retesting the pivotal resistance level positioned at 1.0860. A meticulous examination of the 4-hour chart from a technical perspective reveals a promising outlook, notably with the 50-day …

Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …

European Markets Witness Decline Amidst Dollar Strength and Inflation Data Anticipation European stocks commenced trading on Monday with a downturn, as dollar-denominated commodities faced diminished appeal in light of the strengthening US currency. Investors remained on edge, awaiting pivotal inflation data releases scheduled for this week in both the eurozone …

European Markets Witness Decline Amidst Dollar Strength and Inflation Data Anticipation European stocks commenced trading on Monday with a downturn, as dollar-denominated commodities faced diminished appeal in light of the strengthening US currency. Investors remained on edge, awaiting pivotal inflation data releases scheduled for this week in both the eurozone …

Early Asian Trading Reflects Persistent Pressure on Oil Prices Early Asian trading on Monday witnessed a continuation of the downward trend in oil prices, extending losses from the previous session. Concerns surrounding higher-than-expected inflation and its potential impact on US interest rate policy weighed heavily on market sentiment, amplifying uncertainty …