Tag Archives: dollar

The dollar rose on Tuesday after US Federal Reserve Chairman Jerome Powell raised the possibility of a 50 basis point rate hike, while the yen slipped below 120 yen to the dollar after the Bank of Japan reiterated its support for loose monetary policy. The euro was also pressured, falling …

The US dollar rose against a basket of major currencies on Monday, following comments from Federal Reserve Chairman Jerome Powell that opened the door for the US central bank to pursue a more tightened path of monetary policy. The greenback fluctuated between small gains and losses earlier on Monday and …

Oil, Crude, trading

The Canadian dollar failed to retest the resistance of 1.2640 as we expected. Instead, we relied on the positive signs on the momentum indicator, explaining the idea of ​​retesting the general bearish trend, recording the lowest price at 1.2565. Technically, by looking at the 240-minute chart, we notice that the …

Oil, Crude, trading

The single European currency was able to achieve the target required to be touched during the technical analysis of yesterday’s session, which is located at the price of 1.0990, recording its lowest price during the Asian session of the current session at 1.0981. Technically, today, and with a careful study …

The dollar fell against other major currencies as investors awaited comments from Federal Reserve Chairman Jerome Powell later on Monday, and other central bank policymakers this week for clues on monetary policy. Currency markets have been turbulent over the past month due to the financial fallout from Russia’s invasion of …

The Japanese yen extended its decline on Monday as traders focused on a series of public statements by central bank policy makers globally this week including Federal Reserve Chairman Jay Powell later on Monday. The dollar rose slightly against the Japanese yen, as high as 119.3 yen, defying a six-year …

Oil, Crude, trading

Negative trading dominated the movements of the Canadian dollar at the end of the week’s trading, recording its lowest level around 1.2588 after it failed to maintain trading above the 1.2670 level. Technically, we find that the 14-day momentum indicator is trying to provide positive signals accompanied by the stability …