Tag Archives: dollar

The pound rose on Thursday, benefiting from a drop in the dollar as Federal Reserve members said the central bank would forego a rate hike this month, while UK statistics portrayed a picture of an increasingly bleak economy. According to Bank of England (BoE) data, British lenders authorised fewer mortgages …

Oil, Crude, trading

The Canadian dollar provided positive trades until the middle of the American session, approaching by a few pips from the first target to be touched at 1.3660, recording its highest level at 1.3651. Technically, we find that the pair’s movements returned to decline quickly as a result of approaching the …

Oil, Crude, trading

US crude oil prices continued to bleed losses amid intense selling within the strong bearish trend, as we expected, touching the awaited second station at 67.75, recording its lowest level at $67.10 per barrel. Technically, we find the 50-day simple moving average supporting chances of continuing the decline, the stability …

The EUR/USD pair achieved the bearish targets mentioned during the previous technical analysis, touching the official target station at 1.0640, recording its lowest level at 1.0635. On the technical side today, by looking at the 240-minute chart, we notice that there are positive attempts for the Euro-dollar pair as a …

European stocks touched a two-month low on Wednesday after weak economic data from China fueled fears of a global slowdown and dashed optimism from signs of falling inflation in some major eurozone economies. The pan-European Stoxx 600 index fell 0.7 percent, its lowest since March 31. The main stock exchanges …

Oil, Crude, trading

The technical outlook is unchanged, with the Canadian dollar continuing to maintain positive stability, continuing its gradual rise to the upside, recording its highest level during the early trading of the current session at 1.3640. Technically, and by looking at the 4-hour chart, we find that the simple moving averages …

Oil, Crude, trading