Tag Archives: dollar

European stocks opened on a positive note on Thursday, buoyed by upbeat corporate reports, although investor sentiment remained cautious ahead of crucial economic data releases from the United States. The European STOXX 600 index, a barometer of regional market performance, edged 0.2 percent higher by 08:11 GMT, lingering near its …

Amidst a landscape of currency markets characterized by cautious optimism, investors around the globe find themselves on the precipice of pivotal decisions, with the trajectory of the world’s largest economy poised to influence exchange rates and trading sentiments. Data-Driven Anticipation The currency arena resonates with anticipation as market participants eagerly …

The technical outlook remained unchanged, and there was no significant change in the pair’s movements, maintaining the bearish trend for the second session in a row, stable below the psychological barrier of 1.3500. From a technical analysis angle, we are leaning toward negativity, relying on the appearance of negative features …

japanese-yen

Oil, Crude, trading

Over the past two consecutive sessions, our focus has been on monitoring the price behavior of oil due to conflicting technical signals and trading confined within defined trend boundaries. As previously highlighted in our technical report, an upward trend commenced upon crossing above the resistance level of 78.70, representing the …

The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …

European shares surged to new record highs on Wednesday, buoyed by gains in retail and utility stocks following upbeat corporate announcements. As investors eagerly awaited industrial production data from the region, the pan-European STOXX 600 index rose by 0.1% by 9:13 GMT, building on the momentum from Tuesday’s record-high close. …

Dollar Stability Amid Inflation Surge: The dollar showed signs of stability against major currencies on Wednesday as traders gauged the potential impact of higher-than-expected inflation data on the Federal Reserve’s interest rate decisions slated for June. Surge in US Consumer Price Index: February witnessed a robust rise in the US …

In the previous trading session, the Canadian dollar experienced a limited upward trend, with movements pushing towards a retest of the psychological barrier resistance level of 1.3500, ultimately reaching its peak at 1.3525. From a technical analysis perspective, our outlook tends towards negativity. This is based on the emergence of …