Tag Archives: dollar

Oil, Crude, trading

Positive momentum continued to drive the movements of the Canadian dollar, aligning with the anticipated upward trajectory outlined in the previous technical report. The currency successfully reached the official targets at 1.3750 and 1.3790, achieving its peak during the morning trading session at 1.3783. Today’s technical analysis leans towards positivity, …

Oil, Crude, trading

The downward trend persisted in US crude oil futures contracts, as anticipated, surpassing yesterday’s official target of $81.50 and hitting a low of $80.97 per barrel. Technically, on the 4-hour chart, the simple moving averages continue to exert downward pressure on the price, accompanied by negative signals from the relative …

The euro continues its downward trajectory against the US dollar as anticipated in the previous technical report. Trading remains below the critical resistance level of 1.0715, with the currency pair approaching the initial target of 1.0660. During today’s Asian trading session, the euro touched its lowest level at 1.0654. Analyzing …

Preliminary data from the Federal Statistical Office released on Tuesday indicated that the German economy narrowly avoided a recession at the outset of this year, experiencing slight but better-than-expected growth, propelled by exports and investments in the construction sector. In the first quarter, the economy saw a modest expansion, with …

In April, the inflation rate in the euro zone remained stable in line with analysts’ expectations, while the core inflation rate showed a slight slowdown. Data released today, Tuesday, April 30, revealed that the consumer price index in the euro zone increased by approximately 2.4% this month, matching both analysts’ …

European indices displayed mixed performance at the outset of trading on Tuesday, April 30, as investors kept a close watch on the earnings reports of European companies and banks, while also anticipating the upcoming US Federal Reserve meeting. In trading, the STOXX600 index edged down by less than 0.1% to …

Oil, Crude, trading

The Canadian dollar experienced an upward trend, finding support at 1.3630, which facilitated a rebound, with the pair currently stabilizing near its morning peak around 1.3680. Today’s technical analysis suggests a positive outlook, buoyed by the supportive influence of the 50-day simple moving average. This is further reinforced by favorable …