Tag Archives: dollar

In the ever-evolving landscape of global currency markets, the US dollar faced a modest decline on Tuesday, driven by a combination of profit-taking in stocks and a resurgence in the strength of the Japanese yen. These movements come amidst ongoing efforts by Japanese officials to defend their currency from further …

The U.S. dollar kicked off the new week on a subdued note, relinquishing some of its gains from the previous week, as traders awaited the release of pivotal inflation figures alongside further insights from Federal Reserve policymakers. At 05:20 ET (09:20 GMT), the Dollar Index, measuring the greenback against a …

European equities opened the holiday-shortened week with marginal changes as investors assessed recent robust gains fueled by accommodative stances from major central banks. The STOXX 600 index edged down by a mere 0.02% on Monday, lingering just below the record highs reached last week. While travel and leisure sectors showed …

Positive momentum continued to drive the movements of the Canadian dollar, with the currency reaching its peak at 1.3565 after breaking through the psychological resistance level of 1.3500 and establishing stability above it. In terms of technical analysis today, we maintain a bullish outlook, supported by the currency’s ability to …

japanese-yen

Oil, Crude, trading

Mixed trading characterized the movement of US crude oil futures contracts, exhibiting both upward and downward movements and currently hovering near its lowest level at $80.45 per barrel. From a technical standpoint, we lean towards a bearish bias in our trading outlook, albeit cautiously. This is supported by the beginning …

The Euro/Dollar pair experienced positive trading during the previous session, initially pushing against the 1.0940 resistance level before encountering resistance. However, the pair began today’s session with a bearish tone, failing to sustain trading above the psychological barrier of 1.0900 and currently trading around 1.0830. From a technical perspective, examining …

European stocks commenced trading on a lower note on Wednesday, with a flurry of selling impacting luxury goods companies following a warning from Kering regarding sales. Investor sentiment remained cautious amidst concerns that the Federal Reserve might indicate a slower pace for interest rate cuts this year. As of 0806 …

European stock markets exhibited subdued trading on Tuesday, with losses in technology shares counterbalancing gains in consumer staple stocks, setting the stage for a mixed performance. The pan-European STOXX 600 index saw a marginal decline of 0.1% by 8:24 GMT, with a notable 0.6% downturn in technology shares. Economic Data …