Tag Archives: dollar

Oil, Crude, trading

The single European currency provided positive trading within the expected bullish path, approaching a few points from the first official target at 1.1680 to record the highest level of 1.1670. Technically, and by looking at the 60-minute chart, we notice the pair is now hovering around the 1.1640 resistance level, …

The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in risk appetite, as Asian stocks tracked the rise in US technology shares, and also amid signs that China’s property market problems could be contained. The Australian dollar, which is …

The strong resistance level at 1.2400 managed to cap the bullish bias yesterday, which forced the pair to trade negatively again, settling around its lowest level during the morning session, 1.2340. Technically, and with trading below the previously broken support-into-resistance at 1.2390, in addition to the continuation of the negative …

Oil, Crude, trading

Oil, Crude, trading

The single European currency started trading with a noticeable rise within the expected bullish path. Therefore, we relied on stabilizing trading above the 1.1540 support. Technically, the current moves are witnessing a bullish bias, attacking the strong resistance level of 1.1640, 23.60% Fibonacci correction, accompanied by the continuation of the …

On Monday, the US dollar returned to a one-year high hit last week as rising inflation expectations and rising bond yields added to its appeal against its rivals, with the New Zealand dollar falling off-trend thanks to strong data, and US Treasury yields boosting Monday, continuing the trend in recent …

The dollar rose on Monday after weak economic data in China and a rise in oil prices worried investors that inflation would raise interest rates. In the Asian session, the dollar rose slightly, tracking US bond yields, halting the decline it suffered last week. It rose about 0.2 percent against …

The dollar is heading for its first weekly decline against its major peers since the beginning of last month, retreating from a one-year high as traders turned their attention to when the US Federal Reserve will start raising interest rates. The DXY dollar index, which measures the greenback against six …