The dollar fell to its lowest level in several years against many currencies on Wednesday, December 30th, as dealers bypassed a new delay in approving monetary stimulus in the United States and continued betting on the possibility of additional financial aid. The dollar hit its lowest level in more than …
Read More »EUR/USD holds gains above 1.2200
While the House of Representatives escalated the bill in favour of a higher relief fund but rejected Trump’s bid, all this has been in the interests of risks in Asia so far, which has pushed the US dollar index down to 90.10, down 0.21%. Markets are watching the US Senate …
Read More »US Dollar is Falling Amid Optimism About Pandemic-Related Aid
The dollar was not affected much after US President Donald Trump did not implement his threat to block an aid package for those affected by Covid-19 amid weak trading Monday due to holidays. The pound sterling hovered below its highest level in two and a half years in Asian trading, …
Read More »Currencies Overview: US Dollar Little Changed
The dollar was not affected much after US President Donald Trump did not implement his threat to block an aid package for those affected by Covid-19 amid weak trading Monday due to holidays. The pound sterling hovered below its highest level in two and a half years in Asian trading, …
Read More »Currencies Overview: GBP Rising and USD Under Threat Amid Hopes of a Near Brexit Deal
The British pound extended gains Thursday, December 24, amid expectations that an agreement related to Britain’s exit from the European Union is imminent after a long period of being considered difficult to achieve, which raises hopes that Britain will be able to avoid an economic disruption with the beginning of …
Read More »Currencies Overview: EUR and AUD Rallied as Trump’s Threat to Halt Stimulus is Ignored
The euro resumed its rise towards the level of $1.22 and the dollar fell on Wednesday, December 23, as currency dealers did not stop much at US President Donald Trump’s threat not to approve a $ 892 billion aid package linked to Covid-19. Trump said the long-awaited stimulus package should …
Read More »Canadian Dollar Completes The Bullish Correction
The Canadian dollar found a strong resistance level around 1.2930, which limited the completion of the bullish correction scenario, as the current moves witness a slight bearish slope within attempts to re-test 1.2850. Technically speaking, we will continue maintaining the bullish correction, depending on trading stability above 1.2850, and generally …
Read More »Pound Retest Resistance
Oil, Crude, trading
Read More »Crude Oil: Negative Pressure Persists
Oil, Crude, trading
Read More »Euro May Witness a Temporary Recovery
The resistance levels published during the previous analysis, located at 1.2250, managed to limit the bullish bias to force the pair to retreat again, targeting a re-test of the support level represented by our first target of 1.2150, to record a low of 1.2152. Technically speaking, and by looking at …
Read More »