Tag Archives: dollar

The Canadian dollar rose marginally yesterday but failed to maintain its gains above the resistance level of the psychological barrier 1.3500, as the current movements witness stability below it. Technically, we find the 50-day simple moving average trying to push the price to the upside, and we find the RSI …

Oil, Crude, trading

Positive attempts dominated the prices of US crude oil futures contracts, trying to compensate for its recent losses, recording its highest level during yesterday’s trading session, around $71.74 per barrel. Technically, we tend to be negative in our trading, relying on the negative intersection signs of the stochastic indicator, which …

Narrow sideways trading dominated the movements of the euro-dollar pair during the first trading of this week, maintaining the negative path and recording its lowest level at 1.0843. On the technical side today, and with a closer look at the 240-minute chart, we find the euro stable below the previously …

European stocks rose on Monday as investors assessed the uncertainty surrounding the US debt ceiling talks and the presidential elections in Turkey and were looking forward to data released this week for clues about the state of the global economy. The European Stoxx 600 index rose 0.4 percent, with personal …

European stock markets rose on Friday as investors digested conflicting economic statistics from the United Kingdom as well as additional quarterly corporate reports. At 08:15 GMT, the DAX index in Germany was 0.4% higher, the FTSE 100 in the United Kingdom was 0.3% higher, and the CAC 40 in France …

U.S. stocks dropped Thursday after disappointing earnings of Disney as well as a plunge in shares of regional banks and the threat of a U.S. debt default. Concerns of bank failure popped up again partially because of debt ceiling potential risk as well as liquidity issues regional banks recently show. …

Sterling pound dropped although the rate hike decision of BoE Thursday because of heavy selling from the part of bulls who focused on profit-taking to benefit from the highs reached immediately after the central bank decision. GBP/USD rose to 1.2610 in response to rate hike decision before declining to 1.2543. …

BoE governor Andrew Bailey said “We are approaching the point when we should be able to let level of rates rest” in statements delivered after central bank raised interest rate by 25 basis points. “We have not yet seen evidence that allows us to be sure rates can stay on …

European stocks rose on Thursday, led by media and travel stocks, as signs of declining US inflation gave some relief to investors worried about the impact of the Federal Reserve’s tightening monetary policy. The pan-European STOXX 600 index was up 0.5% by 0822 GMT, after two straight days of losses. …