Tag Archives: dollar

The Canadian dollar opened the week in negative trading, after failing to hold above the support level of the ascending channel 1.3360/1.3350. Technically speaking, by looking at a 4-hour chart, we find that Stochastic is defending the bearish bias as the pair begins to respond to the negative signals coming …

The Euro started its first weekly trading attempting to rise, making use of intraday trading above 1.1720 after finding strong support around 1.1620. On the Technical side and by looking at the intervals, we see that the 50-day moving average meets around 1.1690/1.1700 giving some momentum, in conjunction with the …

The dollar jumped and the safe-haven yen reached its highest levels in a week after US President Donald Trump said he had tested positive for COVID-19 and begin a quarantine. The news could cause a new wave of volatility in the market as investors prepare for the November presidential election. …

The dollar fell Thursday, October 1, to its lowest level in 9 days, as strong US data and hopes about a fiscal stimulus boosted investor confidence enough to take in more risky currencies. The Chinese yuan rose against the dollar and reached its highest level in a year and a …

The dollar traded near a two-month high against a basket of currencies on Monday, September 28, while doubts about an economic recovery continued before a batch of economic data and political developments in the United States. The recovery of US stocks on Friday contributed to limiting the rise of the …

The dollar settled below its recent two-month high, and riskier currencies erased some of their weekly losses, while stock markets received a boost from hopes of resuming talks on fiscal stimulus in the United States. The dollar is moving towards achieving its best weekly performance since early April, driven by …

The dollar held on to its gains against most currencies on Thursday, after signs of an economic slowdown in Europe and the United States revived concerns about the repercussions of the second wave of coronavirus infections. The Euro, already hit by fears of a return to tight lockdown measures, faces …

The dollar rose on Tuesday, September 22, to a peak of six weeks, extending its gains from the previous session, as markets turn away from risk due to the increase in coronavirus cases and new isolation measures in Europe. Stocks fell on Monday as the currency market witnessed risk aversion …

The yen hit a six-month high against the US dollar on Monday, September 21, posting gains for the sixth consecutive session against the US currency as stock markets tumbled. US stocks closed lower on Friday, and stock markets fell in Asia and Europe today, amid growing investor concern about the …

There were a lot of market drivers last week like the Fed and Bank of England meeting and tensions over the Brexit talks and developments for the Corona vaccine as well as the continuing trade tension between the US and China and the TikTok crisis. There was a lot of …