Tag Archives: dollar

European shares fell at the open on Wednesday after higher-than-expected US inflation data boosted expectations of a bigger interest rate hike at the Federal Reserve next week. Still, a rally in retail stocks led by Spain’s Inditex limited losses. The pan-European STOXX 600 index was down 0.3 percent by 0714 …

Japanese stocks hit their biggest drop in three months on Wednesday, tracking Wall Street’s overnight losses on an unexpected rise in US inflation data, while reports of the Bank of Japan’s apparent intention to intervene in the currency market weighed on sentiment. The Nikkei index fell 2.95 percent shortly after …

Oil, Crude, trading

The Canadian dollar jumped during the previous trading session to return to the bullish track again after it confirmed the breach of the resistance level of 1.3120, recording the highest level at 1.3181. Technically, and with a careful look at the 4-hour chart, we find the simple moving average has …

Oil, Crude, trading

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 …