Tag Archives: dollar

Friday, June 18th, the dollar is set to record its best weekly performance in nearly 9 months as investors raced to consider an end to US monetary stimulus sooner than expected in the days following a sudden shift in the US Federal Reserve’s tone. Since Wednesday, when US central bank …

The Canadian dollar succeeded in completing the bullish correction journey, as we expected during all the reports this week, to reach its highest level at 1.2380. Technically, we find the pair succeeded in establishing a good support floor around 1.2300, accompanied by the positive motive for the 50-day moving average, …

Oil, Crude, trading

Oil, Crude, trading

The European single currency declined noticeably against the US dollar for two consecutive sessions, reaching as low as 1.1890. On the technical side, and with a closer look at the 4-hour chart, we find the current moves are showing some bullish bias but still limited. The simple moving averages continue …

Positive trading dominated the movements of the Canadian dollar to complete the bullish corrective slope, as we expected, touching the first official target for the bullish correction 1.2195, recording its highest level at 1.2204. Technically, the stability of the intraday trading above the previously breached resistance 1.2140 supports the continuation …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and the pair’s movements did not change for the second consecutive session, amid quiet trading that dominated the movements of the single European currency against the US dollar. The current movements are witnessing attempts to recover, but still limited. Technically, and with a closer look …

The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …