Tag Archives: dollar

The dollar, which is generally considered a safe haven, remained weak on Wednesday, March 3rd, as Treasury yields continued to decline, restoring some calm to global markets and sparking renewed demand for riskier assets. Riskier currencies, including the Australian dollar and the Norwegian kroner, held onto the two-day streak of …

Mixed trades dominated the Canadian dollar’s movements during the previous trading session and is still confined, from the bottom above 1.2600 and from the top below 1.2700. Technically speaking, the pair is turning around the support level at 1.2640, trying to build a base above the 50-day moving average. We …

Oil, Crude, trading

Oil, Crude, trading

The Euro found a solid support floor around the psychological barrier of 1.2000, which forced it to the noticeable bullish rebound to retest the 1.2065 resistance level again. Technically speaking, and with a closer look at the 4-hour chart, we find that the 50-day moving average remains a hindrance to …

Oil, Crude, trading

The Canadian dollar is continuing its positive trading within the expected bullish path after it successfully retested the support level of 1.2640. Technically speaking, we will maintain our positive outlook based on trading stability above the 50-day moving average, which is accompanied by the clear positive signs on the stochastic …

Oil, Crude, trading

The euro resumed its downward path against the US dollar, as we expected, touching the second target previously reported, located at 1.2020, its lowest level during Asian trading hours for the current session 1.2020. On the technical side, today the current moves are witnessing stability below the previously broken support …

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 …