According to our expectations during the last analysis, it managed to touch the target price station at 1.0570, to extend its losses towards the low of 1.0470, the lowest level in several years. Technically and by looking at the 240-minute chart, we notice the movement within the bearish price channel …
Read More »The yen falls to its lowest level in 20 years and pressure on the euro increases
The dollar rose against the yen above 130 yen on Thursday for the first time since 2002, after the Bank of Japan maintained its commitment to ultra-loose monetary policy, while the euro briefly fell below $1.05. There was some speculation in the market that the BoJ might pull back a …
Read More »The dollar index rushing towards 103, the highest level in 5 years
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
Oil, Crude, trading
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
Oil, Crude, trading
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 …
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