Tag Archives: dollar

US crude oil futures prices declined significantly within the expected downward path during the previous analysis, touching the first target to be achieved at 72.50, recording its lowest level at $71.77 per barrel. Technically, we find the simple moving averages continue to exert negative pressure on the price from above, …

We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, explaining that activating buying positions depends on consolidation above 1.0510, to enhance the chances of ascending to visit 1.0560. Technically, we find the euro-dollar pair still hovering around the 1.0510 level, which constitutes one of …

The US dollar recorded fresh losses on Wednesday against most of major rival currencies. The dollar’s decline was contained, but it is obvious that further declines are probable.Earlier in the day, China announced a series of measures easing Covid-linked restrictions. The US Treasury yield curve inverted the most in over …

European stocks fell on Wednesday, December 7, affected by investor anxiety, amid growing fears of a recession, although the strong push of the healthcare sector limited losses. The pan-European Stoxx 600 index fell 0.2%, extending its losses for the fourth consecutive day, after it began to recover from its fall …

Japan’s Nikkei average touched a four-week low on Wednesday, tracking a sell-off in technology stocks on Wall Street overnight, but gains in auto stocks helped limit losses. The Nikkei closed down 0.72% at 27,686.40, after dropping earlier to 27,646.78 for the first time since November 10. Tokyo Electron, which specializes …

Positive trades dominated the movements of the Canadian dollar within the expected bullish path in the last analysis, touching the first target at 1.3665, recording its highest level at 1.3676. Technically, the 50-day simple moving average continues to hold the price from below, and this comes in conjunction with the …

Oil, Crude, trading

The prices of US crude oil futures contracts incurred significant losses during the previous trading session, within the downward track, as we expected in the last report, touching the required target at 75.20, recording its lowest level at $73.44 per barrel. Technically, looking at the 240-minute chart, with regular movement …

The pair was trading in a narrow range, and the EUR/USD pair did not show any significant change and was stable from above or below the resistance level of 1.0510 and below the support level of 1.0460. Technically, and with careful consideration, we notice the continuation of the conflicting technical …

The US dollar index held firm on Tuesday, posting its biggest gain in two weeks, after strong US service sector data fueled expectations that the Federal Reserve would raise interest rates more than recently expected. The Australian dollar rose from near a one-week low after the Reserve Bank of Australia …