The dollar showed signs of recovery on Wednesday after facing significant losses against the euro and pound the day before, while the yen remained near its lowest level in 34 years, despite intensified warnings from Japanese officials about potential intervention to support the currency. The dollar index, which gauges the …

Oil, Crude, trading

The Canadian Dollar pair followed the anticipated downward trend outlined in the previous report, reaching the initial target at 1.3660 and reaching a low of 1.3654. In terms of technical analysis on the 4-hour timeframe, the bearish technical pattern persists, supporting the overall negative sentiment. Additionally, the continued presence of …

japanese-yen

Oil, Crude, trading

US crude oil futures prices followed the anticipated downward trajectory outlined in yesterday’s technical report. We emphasized the significance of trading stability below 82.70, noting that any trading above 82.85 could postpone the likelihood of a decline. Temporary recovery attempts were observed, aiming to retest 83.40, with the highest level …

Gold prices experienced a notable rebound, finding support amidst a decline in the US dollar following the release of negative economic data. The precious metal reached its peak at $2,334 per ounce. In terms of technical analysis today, upon examining the 4-hour timeframe chart, it’s evident that the simple moving …

During the previous trading session, the EUR/USD pair made upward attempts, testing the notable resistance level highlighted in the preceding technical report at 1.0715. From a technical analysis perspective, the upward momentum remains somewhat limited. Upon closer examination of the 4-hour time frame chart, it’s observed that the Stochastic indicator …

According to a recent Reuters poll of 100 economists, the majority now anticipates that the U.S. Federal Reserve will hold off on cutting its key interest rate until September. This contrasts with earlier expectations of a June rate cut and subsequent cuts throughout the year. Half of the economists surveyed …

On Tuesday, the Japanese yen plummeted to multi-year lows against both the dollar and the euro, prompting heightened vigilance among traders for potential government intervention ahead of the Bank of Japan’s upcoming meeting. Conversely, the British pound saw a decline to its lowest levels in several months following dovish remarks …