Tag Archives: dollar

The euro achieved strong gains against the US dollar at the end of last week’s trading, within the expected positive outlook, surpassing the required official target at 1.0290, recording the highest level at 1.0366. On the technical side, the simple moving averages still support the daily bullish curve in prices, …

Investors are dumping the dollar as weaker-than-expected US consumer price data boosted hopes the Federal Reserve will ease monetary policy tightening in smaller-than-expected increases in its fight against inflation. The range of the dollar’s movements against several currencies on Thursday was significant. By 1730 GMT, the US currency was down …

European shares opened higher on Friday, as news of China’s easing of strict Covid rules boosted stocks related to primary and luxury goods, which were also supported by better-than-expected sales data and margins from Richemont. The Stoxx 600 index rose 0.4 percent by 0812 GMT, and Swiss luxury goods Richemont …

Japan’s Nikkei index ended Friday’s trading at a two-month high, boosted by a rally in Tokyo Electron and other growth-related shares, as markets tracked Wall Street after signs of lower inflation bolstered hopes the US central bank would slow the pace of interest rate hikes. The Nikkei jumped 2.98 percent …

Oil, Crude, trading

A strong bearish trend dominated the movements of the Canadian dollar due to the impact of the bearish technical structure referred to during the previous head and shoulders analysis, recording its lowest level in the last trading session at 1.3308. Technically, we tend to the negativity, relying on the clear …

Oil, Crude, trading

Negative trading returned to control the movements of US crude oil futures prices, with the increase in crude oil inventories, as indicated by the report issued by the International Energy Agency last Wednesday, recording its lowest level yesterday at $84.74 per barrel. Technically, by looking at the 4-hour chart, we …

The single European currency jumped to achieve significant gains against the US dollar, which fell after the release of US inflation data, to record the EUR/USD pair reaching its highest level at 1.0222. Technically, by looking at the 240-minute chart, we note that the pair continued to obtain a positive …

The dollar rose ahead of US inflation data later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance withdrew its plans to rescue struggling rival FTX. The dollar is heading towards recording strong gains for the second day in a row, while investors evaluate the results of the …