Tag Archives: dollar

Positive trades dominated the Canadian dollar’s movements, reflecting the downward trend we expected. We relied on trading stability below 1.3700. As a reminder, we indicated that moving upwards and consolidating above 1.3700 would immediately stop the expected downward trend. The pair would recover to retest 1.3740, recording its highest level. …

japanese-yen

Oil, Crude, trading

Mixed trading controls the performance of US crude oil futures contracts within the expected bullish path, touching the first target published in the previous technical report for 89.90, recording its highest level of $89.85 per barrel. Technically, prices were bearish after touching the resistance level represented by the target of …

For the second session in a row, the euro failed to breach the strong resistance level at the psychological barrier of 1.0600, which forced it to trade negatively during yesterday’s session. Technically, the current movements are witnessing stability around the lowest level during early trading, 1.0534. A closer look at …

Due to sour market sentiment and the Fed’s Beige report, which revealed no material changes in economic activity since the September report, the US Dollar gained ground on Wednesday. Although US housing starts from September disappointed, building permits performed better than anticipated. The US Dollar Index reached a high of …

Better-than-expected Chinese growth data published on Wednesday gave Asian currencies a boost, driving the yuan to a one-week high and pressuring the dollar. But the attack on a hospital in Gaza on Tuesday made the moves modest and kept investors awaiting the possibility of the conflict expanding. Official data showed …

Oil, Crude, trading

Oil, Crude, trading

During the previous trading session, the Canadian dollar’s movements witnessed a temporary upward tendency. However, it clashed with the pivotal resistance level at 1.3700 published in the last technical report and failed to breach it. Technically, the pair found it difficult to break through the resistance of the psychological barrier …