Negative trading continues to control the Canadian dollar’s movements, after several consecutive sessions in which we await confirmation of a break of 1.2920, showing that this leads the pair to resume the downside path with targets of 1.2870, then 1.2830, to record its lowest level at 1.2847. Technically, and with …
Read More »Oil is Consolidating Its Gains And Remains Positive
Oil, Crude, trading
Read More »Euro Continues to Rally, Eyes on Employment Data
The euro continues to maintain its gains against the US dollar over several sessions in a row, heading to visit the first goal to be achieved during the previous session at 1.2150, and approaching a few points difference from the second target of 1.2180, to record a high of 1.2175. …
Read More »Dollar Falling to Its Lowest Level in Two And a Half Years Due to Hopes of Vaccine And Stimulus
The dollar fell Thursday, December 3, to its lowest level in two and a half years against a basket of currencies, as investors bet that more economic stimulus from Washington and expected to start distributing vaccines for Covid-19 will support high-risk assets. While US lawmakers have failed to reach an …
Read More »Canadian Dollar Struggles at Support And a breach Will Extend Losses
The technical outlook is unchanged, and the Canadian dollar has not changed significantly for the third consecutive session, maintaining negative stability. Technically speaking, the technical factors indicate the possibility of continuing decline, to find the simple moving averages continue to make a negative pressure on the price accompanied by negative …
Read More »Oil Looking For Confirmation
Oil, Crude, trading
Read More »Euro Continues to Advance Against US Dollar
The bullish trend is still dominating the euro’s movements against the US dollar within the expected bullish path, touching the third target located at 1.2130, posting high at 1.2127. Technically speaking, and with a closer look at the 4-hour chart, we find that the simple moving averages continue to support …
Read More »Dollar Drops to Its Lowest Price in Two And a Half Years
The dollar tumbled to a new level, its lowest in two and a half years, on Wednesday, under the weight of renewed expectations for a US fiscal stimulus. The market’s appetite for risk increased, bringing the dollar to its lowest level since April 2018, due to a proposed economic stimulus …
Read More »Biden’s Comments On The Trade Deal Halted Losses in The Dollar And Reinforced The Decline of Chinese Yuan
The dollar settled near its lowest level in two and a half years Wednesday, December 2, as investors assess the prospects for further fiscal stimulus in the United States, while riskier currencies held onto their gains as investor confidence improved. The Chinese yuan lost some of its gains in Asian …
Read More »Canadian Dollar Struggles at Support
The technical outlook remains unchanged, and the Canadian dollar has not changed significantly, preserving negative stability. Technically, the technical factors indicate the possibility of continuing the decline, to find the simple moving averages continue negative pressure on the price from the top, accompanied by the obvious negative impact on the …
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