Tag Archives: dollar

The US dollar has gained momentum during the trading session, with the US Dollar Index (DXY) climbing to a weekly high above 100.50. Rising US Treasury bond yields have provided a significant boost to the US currency. The number of first-time unemployment benefits applications in the US declined to 228,000 …

European stocks fell at the open on Thursday, as investors assessed mixed business results announced by companies in the region, and disappointing financial results from two US giants, Netflix and Tesla, weighed on sentiment. The pan-European STOXX 600 index was down 0.2 percent by 0705 GMT. Frankfurt-listed shares of Netflix …

Inflation in the Eurozone slowed to 5.5% in June, in line with expectations, after 6.1% in May. Inflation in the eurozone for the month of June came in at the lowest level since January 2022. Despite this slowdown, core inflation, which excludes volatile items such as food and energy, rose …

European stocks rose on Wednesday, supported by a boost from Kering after it appointed a new CEO for Gucci, while stocks rose in London after data showed a slower-than-expected inflation in Britain. The pan-European Stoxx 600 index rose 0.5% by 0706 GMT, extending its gains for the second consecutive session. …

Oil, Crude, trading

Oil, Crude, trading

Trading tended to be negative, dominating the Canadian dollar’s movements, approaching by a few points the first target to be touched yesterday at 1.3150, to suffice for recording its lowest level at 1.3160. Technically, the technical outlook is as it is, without change, and with a closer look at the …

Oil, Crude, trading

The support levels published during the previous technical report at 73.80, managed to protect the bullish trend as we expected, which forced the US crude oil futures prices to rebound upwards towards the official target 75.70, recording its highest level at $75.90 per barrel. Today’s technical outlook, and with a …

The EUR/USD pair reached the first official target required to be achieved during the previous technical report, located at 1.1275, recording its highest level at 1.1275. On the technical side, the main resistance represented by the target 1.1275 was able to limit the bullish bias, which forced the pair to …