The single European currency reversed the bullish trend despite the European Central Bank raising interest rates by 75 basis points to return to stability below 1.0000. On the technical side, we find the 50-day simple moving average still carrying the price from below, supporting the possibility of a rise. On …
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The dollar rose on Thursday after falling earlier to its lowest level in a month in volatile trading ahead of the European Central Bank’s expected interest rate hike. Meanwhile, the yen gained some strength ahead of the Bank of Japan’s monetary policy decision on Friday, rising to 145.11 against the …
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European shares opened lower on Thursday as investors remained cautious ahead of a widely expected decision by the European Central Bank to raise interest rates, as well as the troubled Swiss bank Credit Suisse unveiling restructuring plans. The pan-European Stoxx 600 index fell 0.3 percent after closing at a five-week …
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The Japanese Nikkei index ended Thursday’s trading lower after three days of gains, as cautious investors focused on the outlook for specific stocks as earnings season reached its climax. The Nikkei index closed down 0.32 percent at 27,345.24 points. The index recorded positive readings at times in the morning session, …
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Oil, Crude, trading
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The Canadian dollar achieved the negative targets required during the previous technical report to reach the first target at 1.3545, approaching by a few points from the second target of 1.3495, recording the lowest level at 1.3505. Technically and carefully considering the 4-hour chart, we find the simple moving averages …
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Oil, Crude, trading
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US crude oil futures prices reversed the expected bearish trend during the latest analysis after the report issued by the International Energy Agency on oil inventories, recording extended gains around $88.47 per barrel. Technically, today, the current moves are witnessing stability above the previously breached resistance level, which is now …
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An upward trend dominated the euro’s movements against the US dollar yesterday, within the expected positive outlook during the previous analysis, touching the official target station at 1.0050, recording the highest level at 1.0093. Technically, the simple moving averages continue to support the daily bullish curve for prices and the …
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Oil, Crude, trading
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