Quiet trading tended to be negative, dominating the movements of the euro against the US dollar, heading to touch our first target to be achieved, 1.1885, recording the lowest price of 1.1873. Technically speaking, and with a closer look at the 4-hour chart, we find the euro is based on …
Read More »Canadian Dollar Starts a Bullish Rebound
The Canadian dollar found a solid support floor around the psychological barrier support level of 1.2400, to return to the bullish rebound, recording its highest price at 1.2527. Technically speaking, and with a closer look at the chart, we find the pair managed in breaching the resistance level for the …
Read More »Cable Settled Below Resistance
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Read More »Oil Suffers Huge Losses And Negativity Persists
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Read More »Euro Presses Support And Confirmation of The Break, Extends Losses
Negative trading dominated the movements of the euro against the US dollar during the previous trading session, after finding a strong resistance level near 1.1970. Technically speaking today, and by looking at the 4-hour chart, we find the 50-day moving average that supports the idea of a further decline, in …
Read More »Currencies Overview: A Jump in Yields Raises The Dollar After Faltering Following The Fed’s Comments
Rising US bond yields boosted the dollar on Thursday, March 18th, helping it recover from its lowest level in two weeks after the US Federal Reserve dispelled speculation of an interest rate hike. And 10-year US Treasury bond yields recorded their highest levels in 13 months in early London trade, …
Read More »Currencies Overview: Dollar Rising as Bond Yields Rise Ahead of FED
The US dollar rose on Wednesday, March 17th and 10-year Treasury yields approached a 13-month peak ahead of the US Federal Reserve meeting that may shed some light on the timing of future interest rate hikes and the bank’s tolerance for higher yields. Policymakers are expected to release forecasts for …
Read More »Currencies Overview: Dollar Rising as Markets Await The Fed Meeting
Caution dominated the currency markets on Tuesday, March 16th, before the start of the two-day monetary policy committee meeting of the US Federal Reserve. It is expected that policymakers in the Council expect that the US economy will grow in 2021 at the fastest pace in decades with the decline …
Read More »Currencies Overview: Dollar Continues to Rally on Yield Gains
The dollar rose for the second session in a row today, as the increase in US Treasury bond yields prompted dealers to reduce their bet on the dollar’s decline to its lowest level in four months. The yield on the 10-year bond was trading at 1.6320% on Monday, close to …
Read More »Canadian Dollar Continues to Achieve The Descending Targets
The Canadian dollar incurred noticeable losses within the expected downside path, touching the first official leg targeted during the last analysis, at a price of 1.2460, recording its lowest level at 1.2455. Technically speaking, and with a closer look at the 4-hour interval, and with the continued negative pressure coming …
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