Tag Archives: dollar

As we expected, the single European currency declined significantly against the US dollar within the context of a gradual decline, approaching the target station 1.0800, recording its lowest level at 1.0830. From the angle of technical analysis, the euro-dollar pair found a good support floor around 1.0820, which managed to …

European stocks fell nearly 1 percent on Thursday, as growing fears of an economic slowdown and further hikes in global interest rates dented risk appetite, along with the impact of an escalating trade battle between China and the United States. The European Stoxx 600 index fell 0.8% by 0717 GMT, …

Oil, Crude, trading

The Canadian dollar jumped within the expected positive outlook during the technical report issued yesterday, touching the first official target at 1.3300, recording its highest level at 1.3305 during today’s morning trading, and the current movements are witnessing stability near its highest level of 1.3305. Technically, and by looking at …

Oil, Crude, trading

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target 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 impulse …

The Dow Jones Industrial Average witnessed good gains during the first trading of this week, recording its highest level at 34,689. Technically, we find the index achieving a clear consolidation above the strong support floor of 34,500, accompanied by the RSI’s attempts to gain more bullish momentum and the stochastic’s …

Oil, Crude, trading

The Canadian dollar successfully retested the strong support floor at 1.3200, maintaining positive stability above the mentioned level, waiting for more gains. Technically, looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the bullish daily trend, stimulated by the positive impulse from the simple …

Oil, Crude, trading