Tag Archives: dollar

European shares steadied on Monday after the benchmark index posted its biggest weekly jump since March, while Ryanair shares had their best performance in a month after record annual profits. The European STOXX index rose 0.1 percent by 0810 GMT after jumping more than three percent last week, with investors …

Major currencies stabilized on Monday as investors braced for continued dollar losses that began at the end of last week after the Federal Reserve eased its statements indicating monetary tightening. The dollar index fell 0.08 percent to 104.99, and the euro rose 0.08 percent to $1.0738. The dollar index fell …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar finds itself under negative pressure as market conditions persist. Analyzing the technical aspects, we observe a consistent downward trend on the 4-hour chart, with the simple moving averages exerting consistent pressure on the currency from above. Additionally, the Relative Strength Index signals negative trends. As long as …

japanese-yen

Oil, Crude, trading

US crude oil futures experienced a setback as they encountered a crucial resistance level mentioned in the previous technical report at $83.55. This led to substantial losses, aligning with the anticipated negative outlook and touching the predefined target of $80.30, marking its lowest point at $80.15 per barrel. Upon analyzing …

In a remarkable display of strength, the EUR/USD pair secured substantial gains in the final week of trading, capitalizing on the weakening US dollar. It successfully surpassed all predetermined upward targets, reaching a notable high of 1.0746 after hitting the third target at 1.0720. Analyzing the technical landscape today, a …

After a very busy week, several economic data releases are expected to weigh on the performance of multiple assets and most prominently, the US Dollar Index with the beginning of the new trading week.Oil’s PerformanceWTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was …