The dollar is heading towards its worst consecutive weekly decline since the start of the year as Treasury yields continue to decline as investors increasingly accept the Fed’s insistence on maintaining an easing policy stance for a longer period. Record 10-year Treasury yields fell to a one-month low of 1.528% …
Read More »Canadian Dollar Retest The Resistance
The negative moves have returned to control the Canadian dollar’s movements, as we expected, explaining that a break of 1.2500 leads the pair to a downside path. Its initial target is around 1.2455, to settle for recording its lowest price during the previous trading session at 1.2476. Technically speaking, the …
Read More »USD/GBP: Looking For a Stronger Trend
Oil, Crude, trading
Read More »Crude Oil Continues to Rise Gradually
Oil, Crude, trading
Read More »The Euro Touches Target and Re-Tests The Support
The attempts to gradually ascend the euro against the US dollar continue within the expected bullish path, benefiting from building on the support level of 1.1900, gradually approaching the first target required to be achieved during the previous analysis at 1.2010, recording a high of 1.1995. Technically speaking, we find …
Read More »Canadian Dollar Presses Support
Negative trading dominated the Canadian dollar against its US counterpart, as part of the technique of retesting the support, as we expected, touching the required target of 1.2500. Technically speaking, trading remains below the previously breached support level of 1.2560, supporting the negativity. This comes in conjunction with the negative …
Read More »Pound Fails to Breach
Oil, Crude, trading
Read More »Crude Oil Extends Gains
Oil, Crude, trading
Read More »Euro Touches Target Station and The Positivity Remains
Positive trading dominated the euro against the US dollar so that the pair could touch the official target station during the previous analysis at 1.1975, recording a high of 1.1987. Technically, we find the current moves are witnessing stability above the psychological barrier of 1.1900, and we find the 50-day …
Read More »Currencies Overview: Dollar Near Its Lowest Level in a Month
The dollar settled near its lowest level in a month on Wednesday as strong demand in a US bond auction led to a broad drop in Treasury yields and curtailed the interest rate advantage that the greenback enjoyed against other major currencies. In early trading in London, the dollar rose …
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