Tag Archives: dollar

The currency markets witnessed a lot of fluctuations in February, as the US dollar fell sharply over the past month, to fall to its lowest level in nearly two months against a basket of major currencies but quickly returned to correct its course, supported by high bond yields. The dollar …

The Canadian dollar recovered significantly during last Friday’s trading session within the path of the aforementioned bullish correction, touching the first target of the correction at 1.2690, recording a high of 1.2748. Technically speaking, and with a closer look at 60 minutes chart, we find the stochastic indicator is trading …

Oil, Crude, trading

Oil, Crude, trading

The euro fell against the US dollar, a noticeable decline within the negative outlook expected during the previous analysis, touching the second official target of 1.2065, posting a low of 1.2062. On the technical side today, and with a closer look at the chart, we find the negative pressure continues …

The Canadian dollar starts its daily trading with a bullish bias, after it found a solid support floor around 1.2470, to witness the current moves a return to trading stability again above 1.2560. Technically, today we are biasing positively in our trading, relying on the positive motive coming from the …

Oil, Crude, trading

Oil, Crude, trading

The Euro succeeded in achieving the expected positive outlook during the previous analysis, in which we relied on confirming the breach of 1.2175, heading for touching our second awaited target of 1.2235, recording its highest level at 1.2242. Technically, and with a closer look at the 60-minute chart, we find …

The US dollar sat near its lowest level in three years against riskier currencies on Thursday, February 25th, as signs of a continued easing of monetary policy by the US Federal Reserve sparked trading in assets that are rising thanks to the improvement in the economic cycle. The US currency …