At 12:58 GMT, the US dollar index rose to 103.05, its highest level since January 2017. The dollar’s rise comes with the euro also falling to its lowest level in 5 years, due to the difference in monetary policy between the two regions, while the market is waiting for the …
Read More »The euro fell below $1.06 for the first time in five years
The euro fell below $1.06 for the first time in five years against a broadly stronger dollar on Wednesday, amid concerns about energy security and slowing growth in China and Europe. The euro fell to a five-year low of $1.05890 after Russia’s energy giant Gazprom said it would cut gas …
Read More »German DAX suffers strong losses 27/4/2022
Oil, Crude, trading
Read More »Dow Jones continues to record losses 27/4/022
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Read More »CAD Making Gains 27/4/2022
Notable gains dominated the Canadian dollar’s movements with the opening of last week’s trading after it succeeded in bouncing on the 1.2700 support floor, heading towards touching the official station that needs to be touched in the previous technical report at 1.2830, recording its highest level at 1.2827. Technically, we …
Read More »GBP facing strong selling pressure 27/4/2022
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Read More »The euro continues to lose against the dollar 27/4/2022
As was expected during the last report, the single European currency continued losses against the US dollar, exceeding the station required to be achieved at 1.0680, recording its lowest level at 1.0638. Technically and by carefully considering the 4-hour chart, we notice the continuation of the negative pressure of the …
Read More »Currencies Overview: The Japanese Yen is The Biggest Loser
The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …
Read More »The dollar hits a two-year peak on growth concerns and the expectation of a rate hike
The dollar rose to a two-year high on Tuesday while the euro fell to its lowest level since March 2020, as concerns about the economic impact of China’s anti-Covid-19 lockdowns and expectations of a US interest rate hike supported the greenback. The dollar index, which measures the performance of the …
Read More »The US dollar rose to its highest level in two years and the yuan fell
The US dollar rose to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set to post its biggest three-day losing streak in nearly four years on growing fears of an economic slowdown in China. With the war in Ukraine …
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