The Canadian dollar succeeded in its gradual rise to the upside, approaching a few points difference from the first target required to be achieved at 1.2560, recording a high of 1.2550. Technically, and with a closer look at the interval chart, we find the pair managed to build a base …
Read More »Pound Breaks Support and Negativity in Place
Oil, Crude, trading
Read More »Crude Oil Trying to Recover
Oil, Crude, trading
Read More »Euro Hovering Around Support
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
Oil, Crude, trading
Read More »Oil Suffers Huge Losses And Negativity Persists
Oil, Crude, trading
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 …
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