Tag Archives: dollar

Oil, Crude, trading

The Canadian dollar returned to the bearish path once again, after hitting the resistance level of the psychological barrier 1.3500, which forced it to trade negatively again, to witness the current movements stabilizing around its lowest level during the session 1.3385. Technically, and by looking at the 4-hour chart, we …

Oil, Crude, trading

US crude oil prices achieved good gains by the end of the trading week ending last Friday, within the expected technical context during the previous report, surpassing the official target that should be touched at 81.60, recording its highest level at 82.20. Technically, we tend to be optimistic but cautious, …

The euro-dollar pair jumped to the top, achieving strong gains. However, as a reminder, we indicated during the last technical report that the resumption of the rise depends mainly on confirming the pair’s breach of the resistance level of the psychological barrier 1.0400, to target 1.0520, recording its highest level …

European stocks seem to be heading for gains for the seventh week in a row amid easing fears of tightening monetary policy globally. However, stocks fell on Friday ahead of the release of US jobs data. The pan-European Stoxx 600 index fell 0.5 percent after two days of strong gains. …

European stocks rose to their highest levels in three months on Thursday, supported by the Federal Reserve chairman’s indication that the pace of rate hikes will be lowered, as well as China’s softening of its rhetoric on strict anti-Covid-19 rules. The Stoxx 600 was up 0.9% by 0810 GMT, after …

The dollar fell to a three-month low against the yen on Thursday, as investors focused on Federal Reserve Chairman Jerome Powell’s remarks about the possibility of slowing the pace of interest rate hikes “as early as December.” Powell said on Wednesday that slowing the pace at this point is a …

The dollar fell from its highest level in a week on Wednesday ahead of a speech by Federal Reserve Chairman Jerome Powell on Wednesday, while optimism about easing strict Covid restrictions in China put it on track for its biggest monthly loss in more than a decade. The euro did …

Japan’s Nikkei fell for the fourth consecutive session on Wednesday as data on weak factory production added to fears of a global economic slowdown, while investors await Federal Reserve Chairman Jerome Powell’s speech for clues about US monetary policies. The Nikkei index ended Wednesday’s trading down 0.21 percent at 27,968.99 …