Tag Archives: dollar

US crude oil futures displayed bullish attempts in the previous session, reaching a high of $70.20 per barrel. From a technical perspective, the outlook remains positive, supported by the bullish crossover of simple moving averages that align with the daily upward trajectory. Furthermore, the price stability above the key support …

Narrow sideways trading dominates the movements of the euro against the US dollar, confined from below above 1.0480 and from above without resistance 1.0510. On the technical side today, and with a closer look at the 4-hour chart, we find that the simple moving averages still support the possibility of …

A Shift in the Monetary Landscape The global currency and commodity markets experienced a significant shift this week as expectations for a Federal Reserve rate cut intensified. The US dollar, long considered a safe-haven asset, weakened as investors sought opportunities in other currencies and commodities.Fed’s Dovish TurnA key catalyst for …

European stock markets showed modest gains on Tuesday morning, despite growing political challenges in France that could impact investor sentiment. Market Performance Germany’s DAX index rose 0.5%. France’s CAC 40 increased by 0.8%. UK’s FTSE 100 advanced by 0.4%. This positive momentum comes as investors balance economic data releases and …

Manufacturing activity displayed stark regional contrasts in November, with European output plunging further into contraction while China saw its manufacturing sector extend its recovery, driven by government stimulus and export demand. Europe’s Manufacturing Struggles Deepen The HCOB euro zone Manufacturing PMI dropped to 45.2, signaling persistent contraction in the sector. …

The US Dollar Index (DXY) recovered from early Friday lows, trading near the 106.00 level. The index had dipped below this level as US markets opened on Black Friday after a holiday-shortened week.Key Factors Influencing the DXY:Hawkish Fed Stance: The Federal Reserve’s continued hawkish stance, signaling potential future rate hikes, …

European shares staged a comeback on Thursday, buoyed by a strong performance in the tech sector, even as broader concerns about U.S. trade policy and France’s political instability lingered. Key Highlights Tech Sector Outperforms: The STOXX 600 index rose by 0.6% in early trading, led by the technology sector, which …

French equities fell to a three-month low on Wednesday, driven by domestic political uncertainty and lingering fears over U.S. trade tariffs under President-elect Donald Trump. Broader European markets also faced pressure as investors navigated an unsettled landscape. Key Indices and Market Movement France’s CAC 40 index dropped over 1%, trailing …

The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …

European automaker shares faced a sharp decline on Tuesday as markets reacted to President-elect Donald Trump’s announcement of aggressive tariffs on imports from Canada, Mexico, and China. The prospect of a renewed global trade war reignited investor concerns, weighing heavily on the auto sector. Auto Sector Declines The European autos …