Tag Archives: dollar

European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …

Japan’s Nikkei fell for the second consecutive session on Monday as protests in China over tough restrictions to combat the coronavirus hurt investor sentiment, while technology stocks fell in line with their Wall Street peers. The Nikkei index ended the day’s trading down by 0.42 percent, at 28,162.83 points. It …

The Canadian dollar reversed the expected bearish trend during the previous analysis, in which we relied on trading remaining below the psychological resistance level of 1.3500, recording its highest level at 1.3646. From the point of view of technical analysis, the stability of trading above the previously breached resistance of …

Oil, Crude, trading

US crude oil futures prices continue to achieve heavy losses within the expected downside path, surpassing the official target required to be achieved during the last analysis at 74.80, recording its lowest level at 73.85. Technically, the downside wave is still valid and practical, with the continuation of the negative …

Quiet trading tended to be negative, dominating the movements of the euro-dollar pair at the end of last week’s trading during the Thanksgiving holiday, to witness the current movements of the euro-dollar stabilizing around the lowest level during the early trading of the current session 1.0350. Technically, by looking at …

The British Pound fell slightly on Friday, but is still on track for its third consecutive weekly increase against the US dollar. Analysts expect sterling to remain fragile as central banks, including the Bank of England, continue to tighten monetary policy even though the recession is expected to be deeper …

European stocks fell on Friday as retailers came under pressure following the start of the holiday shopping season amid fears of a sharp slowdown in the global economy and a sharp rise in inflation. The Stoxx 600 index was down 0.1% by 0811 GMT, below a three-month high hit earlier …

Japan’s Nikkei average closed lower on Friday, after hitting a more than two-month high in the previous session, as investors sold shares of chip-related technology and growth companies to lock in gains. Still, losses were limited by hopes of a slowdown in rate hikes globally. The Nikkei index fell 0.35 …

The US Dollar Index is close to testing the recent intraday low from 15th November at 105.34. However, economists suggest that the US dollar’s selloff pressure would not go further in the near future.According to FOMC minutes, there is no room for providing conviction for higher terminal rate. Wednesday’s FOMC …