The Australian dollar fell to its lowest level in a week after the head of the central bank hinted at a possible rate cut or bond purchase. In general, the atmosphere of risk aversion kept the US dollar supported and the rest of the major currencies on the defensive, unlike …
Read More »Canadian Dollar Remains Unchanged
The technical outlook remains unchanged for the Canadian dollar and there has been little change in the pair to maintain the negativity for the third session in a row. Technically, we see the pair stable around the support level of 1.3120, as we find the simple moving averages continuing negative …
Read More »Oil Continues to Gain
Oil, Crude, trading
Read More »Euro is in a sideways, Awaiting New Signals
The euro’s movements against the US dollar witnessed sideways trading in a confined range above the 1.1720 support level and below the 1.1800 resistance level. Technically, looking at the 240-minute chart, we find that the 40-day moving average is pressing the price, meeting around 1.1775 / 1.1770 resistance, and adding …
Read More »Dollar Gains Halted And Risks Drive Speculators Away
The dollar held on to its gains against most currencies on Wednesday, with renewed doubts about the Corona virus vaccine and the absence of an agreement on an additional financial stimulus package in the United States, which pushed dealers towards safer assets. There was no significant change in the yuan’s …
Read More »Canadian Dollar Little Changed Trading Sideways
The technical outlook remains unchanged and pair remains little changed in negative territory. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing their negative pressure on prices, in addition to some features of a bearish technical pattern on the …
Read More »Oil Renew Chances to Gain
Oil, Crude, trading
Read More »Euro is Hovering Around Support, Awaiting New Signals
The European currency fell yesterday to halt the positive outlook, in which we depended on the pair’s stability above 1.1770, and to remind us that we indicated in the previous report that trading below 1.1770 will negate the bullish trend, and we are witnessing a re-test of 1.1720, recording the …
Read More »US Dollar Rising And Yuan is Falling, After China Watches The Currency’s Rise
The dollar rose from its lowest level in three weeks on Tuesday, as traders in the market returned to buying it, especially against the counterpart currencies of higher risk, after it appeared that the Chinese authorities are seeking to curb the gains in the yuan that recorded recently. The Australian …
Read More »Canadian Dollar Little Changed
The technical outlook remains unchanged, with little change in the pair’s movements, maintaining negative bias. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing the negative pressure on prices with features of a bearish technical pattern on the 4-hour …
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