Tag Archives: dollar

The dollar suffered losses on Wednesday, as declining US yields weakened the momentum generated by its recent recovery and investors cautiously resumed bets that it could continue to slide. Against the euro, the dollar recorded its biggest daily decline in more than a month and declined more than 1% against …

The Canadian dollar continues its efforts to rise to re-test the 1.2800 resistance level, which it has not yet been able to breach. Technically, the current trading is stabilizing near its lowest level during the early trading at 1.2700, and with a closer look at the chart, we find the …

Oil, Crude, trading

Oil, Crude, trading

The current movements of the euro are witnessing a slightly bullish bias, benefiting from building a base on the support floor of 1.2130, as part of attempts now to retest the resistance level at 1.2230. On the technical side, and with a closer look at the 240-minute chart, we find …

The dollar held on to four-day gains against major counterpart currencies on Tuesday, as prospects for a massive fiscal stimulus pushed US yields higher. US President-elect Joe Biden, who will take office on January 20, with his Democratic Party in control of both houses of Congress, promised “trillions” of additional …

The Canadian dollar succeeded in completing the bullish correction mentioned in the previous technical analysis, touching the target of the aforementioned correction wave at 1.2830, to hit its highest level at 1.2835. Technically, by a closer look at the 60-minute chart, we find the moving average continues to hold the …

Oil, Crude, trading

Oil, Crude, trading

The euro continues its gradual decline against the US dollar within the expected bearish context, touching the first target mentioned in the previous analysis at 1.2130, to hit its lowest level during the previous trading session at 1.2131. Technically, we find that the pair ended its daily transactions below the …