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 …
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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 …
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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 …
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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 …
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Oil, Crude, trading
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Oil, Crude, trading
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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 …
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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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Oil, Crude, trading
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The Canadian dollar continued its positive trading within the expected bullish context during the last analysis after it succeeded in stabilizing above the psychological barrier level of 1.2700 Technically, the bullish trend is likely today, based on the breach of the 1.2730 resistance level represented by the 23.60% Fibonacci correction …
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