Tag Archives: dollar

We adhered to intraday neutrality during the previous report due to the conflicting technical signals, explaining that activating the bullish path depends on confirming the breach of the 88.40 resistance level to enhance the chances of a rise towards the first target 89.45, recording the highest level of 89.30 during …

The European currency fell in the middle of the previous trading session, under pressure from the rise of the US dollar, affected by the continued increase in US inflation levels. We explained that the “consumer price index” has a significant impact, and we may witness high price fluctuations, to visit …

Japan’s Nikkei closed higher on Tuesday, tracking Wall Street’s gains led by video game company Nintendo, even though investors were cautious ahead of a major US inflation report. The Nikkei index ended trading up 0.25 percent at 28,614.63 points, after rising earlier in the session to 28,659.76 points, its highest …

Oil, Crude, trading

The technical outlook remains unchanged, to find the Canadian dollar maintaining negative stability, as we expected, touching our first target to be achieved at 1.2975, recording its lowest level at 1.2963. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and the current moves are witnessing …

Oil, Crude, trading

US crude oil futures prices jumped during the previous trading session, nullifying the negative outlook as we expected, in which we relied on the stability of trading below 86.40, explaining that skipping upwards and consolidating above 86.40 leads oil to complete the bullish correction. We wait for touching 87.50 and …

As we expected, the single European currency formed a corrective ascending wave against the US dollar, reaching the first target at 1.0195, and recording the highest level at 1.0197. Technically, the pair found a strong resistance level around the psychological barrier of 1.0200, which forced it to trade negatively again …

Next Friday, tens of thousands of railroad workers are poised to go on strike, potentially bringing a nearly a third of all US freight to a grinding halt. It would be the first national rail strike in 30 years. As the clock ticks, the threat of the work stoppage is …

European shares rose at the open on Monday, with banking stocks rising for a third consecutive session on bets that the European Central Bank will raise interest rates dramatically. The pan-European Stoxx 600 index rose 0.2 percent to continue rising after posting its first weekly gain in four weeks on …