On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …
Read More »The Dollar is Witnessing The Worst Week
The dollar headed for its worst week since September, while other risk-friendly assets from bitcoin to the Australian dollar maintained their recent gains buoyed by easing concerns about the severity of the new COVID-19 mutation. MSCI’s Asia Pacific shares outside Japan rose 0.2%, and Japan’s Nikkei rose 0.1% after the …
Read More »The Dollar Rises And The Turkish Lira Maintains Its Gains
The dollar rose on Wednesday, while the euro and riskier currencies such as the Australian dollar fell as traders braced for more volatility as well as the consequences of increased infections with the Omicron coronavirus. The Turkish lira stabilized and maintained its recent gains amid highly volatile currency trading this …
Read More »Dollar Settled And High-Risk Currencies Decline Due to Omicron’s Fears
Currencies including the Australian dollar and the British pound fell on Monday amid fears that further restrictions may be imposed in Europe to contain the mutated Omicron from the coronavirus. Investors shifted their focus to the potential impact of the rapid spread of the new mutation after the Netherlands imposed …
Read More »Dollar Struggles After Central Banks’ Plans to Halt Stimulus
The dollar remained under pressure on Friday at the end of a week in which major central banks revealed plans to halt their pandemic-era stimulus as the Bank of England surprised markets with an interest rate hike. After a turbulent week, the dollar index, which measures its price against a …
Read More »The Canadian Dollar Extends Gains 16/12/2021
Remarkable positive trades dominated the movements of the Canadian dollar within the bullish context as we expected it to touch the first target that is required to be achieved during the previous analysis 1.2910 and is approaching by a few points from the second target 1.2950, recording the highest level …
Read More »The Pound Below Resistance 16/12/2021
Oil, Crude, trading
Read More »Oil Start on Positive 16/12/2021
Oil, Crude, trading
Read More »The Euro is Waiting For a New Signal Ahead of The ECB Decision 16/12/2021
The single European currency achieved the official target required to be at 1.1220 areas, to record its lowest level at 1.1220 and return to the bullish rebound, taking advantage of the demand level represented by the target. Technically, we find the pair stable above 1.1220, and we notice that the …
Read More »The US Dollar is at Its Highest Level in a Week
The US dollar rose to the highest level in a week against a basket of major currencies on Tuesday, December 14, supported by expectations of tightening from the US Federal Reserve at its meeting this week and the demand for safe havens amid continued uncertainty about the Omicron pivot from …
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