Tag Archives: dollar

The euro showed positive momentum against the US dollar yesterday, reaching a high of 1.0852. However, gains remained limited as the 1.0860 level acted as a strong resistance point, putting temporary pressure on the price. Additionally, the Stochastic indicator is exhibiting negative signals, suggesting a potential reversal. Despite this, the …

Following the Federal Open Market Committee’s (FOMC) modification of its interest rate estimates, which were more hawkish than anticipated, the US Dollar Index observed an upward trend on Wednesday. After the Consumer Price Index (CPI) fell to a low of 104.30 in May due to lower-than-expected data, the dollar recovered …

European stock markets experienced gains on Wednesday as investors digested regional growth and inflation data ahead of the conclusion of the Federal Reserve’s latest policy meeting. Key Market Movements: DAX (Germany): +0.4%CAC 40 (France): +0.4%FTSE 100 (U.K.): +0.6% Economic Data: German consumer prices rose 2.8% year-on-year in May, up from …

Oil, Crude, trading

The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …

japanese-yen

Oil, Crude, trading

WTI crude oil prices rebounded during the previous session, finding support at the pivotal 75.25 level we highlighted in our prior report. A break below this level would have signaled a continuation of the downward trend. On the 240-minute chart, we now observe positive crossover signals from the simple moving …

The EUR/USD pair continues its descent, aligning with our previous bearish forecast. After briefly testing the 1.0730 level, the pair is approaching our initial downside target of 1.0710. On the 4-hour chart, we observe a potential retest of the recently breached 1.0760 support level. Simple moving averages maintain their downward …

European stock markets took a significant hit on Monday, June 10th, as investors reacted to the results of the European Parliament elections, which saw gains for nationalist and euro-skeptic parties. This surge in the right is expected to lead to a more polarized European Parliament, potentially hindering the passage of …