Tag Archives: dollar

The dollar approached a 3-week low against a basket of currencies on Tuesday, August 31, as investors looked to this week’s US jobs data for clues about the timing of stimulus cuts. The dollar has been on the decline since US Federal Reserve Chairman Jerome Powell’s statement at Jackson Hole …

The Canadian dollar is struggling to maintain trading above the 1.2590 support level, which forced it during the last trading session to retest the 1.2635 resistance. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the price from above, accompanied by the …

Oil, Crude, trading

Oil, Crude, trading

The euro is quietly trading on the positive side against the US dollar within the expected bullish path mentioned in the previous analysis, touching the first target required to be achieved 1.1820. On the technical side today, we tend to the positive, relying on the pair’s continuing positive stimulus from …

The dollar held near two-week lows on Monday, held in check by a message from the US Federal Reserve chairman that there is no rush to withdraw massive stimulus. The US currency’s allure took a hit since Friday, when Federal Reserve Chairman Jerome Powell said a gradual reduction of stimulus …

The Canadian dollar found a strong resistance near 1.2720, which forced it to trade negatively again, approaching a retest of the pivotal support level 1.2580, to record its lowest level at 1.2600. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the …

Oil, Crude, trading

Oil, Crude, trading

The euro witnessed positive trading at the end of last week, supported by the decline of the US dollar to end its trading above 1.1770/1.1780. Technically, and carefully considering the 4-hour chart, we find the simple moving averages returned to hold the price from below, supporting the end of the …