Narrow-range sideways trading took control of the euro’s movements against the US dollar, with the conclusion of last week’s trading sessions confined from the bottom above 1.1865 and the top below 1.1925. On the technical side today, and with a closer look at the 4-hour chart, we find the conflict …
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The dollar advanced slightly on Friday, April 9th, but it is heading towards recording its weakest weekly performance in the year as strong data in Europe stimulated, sudden weakness in US job numbers and the Reserve Board’s insistence on following an accommodative policy for investors to reduce their bets on …
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The Canadian dollar succeeded in retesting the strong support level published during the previous analysis, located at 1.2550, maintaining the positive stability above the aforementioned level. Technically speaking, and by looking at the 240-minute chart, we find the stochastic indicator is trading around oversold areas, in addition to the emergence …
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Oil, Crude, trading
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Oil, Crude, trading
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Quiet trading dominated the moves of the euro against the US dollar during the previous trading session, to witness the current moves stabilizing again above 1.1885. Technically speaking, the 50-day moving average holding the price from the bottom and supports a bullish curve for prices, on the other hand, we …
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During trading, the US dollar approached its lowest level in more than two weeks against the major counterpart currencies on Thursday, April 8th, to track low Treasury yields, after the minutes of the March Federal Reserve policy meeting did not provide new incentives to determine the market direction. The meeting …
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The dollar hovered near its lowest level in two weeks after the US Treasury bond yields retreated from their recent high levels, while market participants await the US Federal Reserve meeting minutes, which will be released later during the session, to determine the future course of the US currency. The …
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The Canadian dollar continues to navigate within the expected bullish correctional trend, touching our first target located at 1.2590. Technically speaking, we tend to be positive, depending on the pair’s success in stabilizing an intraday above 1.2540, in addition to building an overall base above 1.2500, and we notice that …
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Oil, Crude, trading
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