Tag Archives: dollar

The bullish tendency of the Canadian dollar stopped after it hit a strong resistance level around 1.3300, recording its highest level at 1.3290, to start the bearish trend controlling the pair’s movements again, and it is currently trading around its lowest level during today’s morning trading at 1.3200. Technically, and …

Oil, Crude, trading

US crude oil futures prices jumped to achieve noticeable gains yesterday to start attacking the psychological resistance level of 75.00%, recording its highest level during the morning trading of the current session at $75.10 per barrel. Technically, we are positive depending on the price’s consolidation above the strong support floor …

The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …

European stocks fell on Monday, after recording big weekly losses, as below-expected inflation data in China stoked fears of weak demand, while investors awaited US inflation data as well as corporate earnings due later this week. The pan-European STOXX 600 index fell 0.3 percent in early trading, with China-linked miners …

European stocks fell on Friday, continuing the heavy losses incurred in the previous session, in the wake of US data that showed that the labor market remains strong, while investors await an important report on US jobs, which is scheduled to be issued later in the day, to search for …

Oil, Crude, trading

As we expected, the Canadian dollar made significant gains yesterday, touching the required profit-taking areas at 1.3365, recording its highest level at 1.3372. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the …

Oil, Crude, trading

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target of 72.10, recording a high of 72.13, after it managed to breach the main resistance mentioned during the previous report at 71.55. Technically, we are positive depending on the positive …