Tag Archives: dollar

The dollar fell against a basket of major currencies during Monday’s trading, after hitting a rapid rally when a batch of mixed US business data last week led to investors’ worries about a faster end to monetary stimulus. While the headline jobs figures for June beat expectations, unemployment rates rose …

Friday, July 2nd, the US dollar hit a three-month high against other major currencies, as traders are betting that strong US labor market data could push the currency higher. And the dollar index is on track to achieve another weekly gain of about 1%. The rise is the fourth in …

Oil, Crude, trading

Positive trading dominated the movements of the Canadian dollar within the completion of the bullish corrective slope that we mentioned in all reports of the week, touching the required target 1.2410, recording its highest level during the previous trading session at 1.2445. Technically, with the pair’s success in confirming the …

Oil, Crude, trading

Oil, Crude, trading

The euro continues to resume the bearish path against the US dollar within a gradual decline to the downside, approaching the official target of 1.1840 by a few points, at the second target 1.1810, posting its lowest level at 1.1835. On the technical side, and with the continuation of the …

The dollar hit a 15-maonth high against the yen and hovered near a multi-month peak against other major peer currencies on Thursday, July 1, ahead of a major US jobs report that could provide clues as to when the Fed will begin to scale back stimulus. The US currency rose …

Oil, Crude, trading

The technical outlook is the same, and the pair’s movements did not change significantly, maintaining the bullish corrective slope as we expected, so that the Canadian could breach the resistance level published during the previous analysis, located at 1.2330. From the angle of technical analysis today, and with careful consideration …