Tag Archives: dollar

The dollar was broadly stable on Monday as data showing declining inflation in the United States reinforced bets that the US central bank may cut interest rates in June, while the yen fluctuated near the 152 level to the dollar, which reinforced traders’ concerns about possible government intervention. The US …

The Canadian dollar encountered resistance at the psychological barrier of 1.3600, a level that has historically provided stability and recently led to negative trading momentum, with the pair currently hovering around 1.3550. In terms of technical analysis today, our inclination leans towards a bearish outlook, albeit cautiously, as we observe …

japanese-yen

Oil, Crude, trading

US crude oil futures prices surged, marking significant gains and making a decisive push towards the psychological resistance barrier of $83.00, reaching a peak of $83.17 per barrel. Technically, our trading outlook remains optimistic, with the simple moving averages providing positive reinforcement and buoyed by encouraging signals from the 14-day …

In the previous trading session, the Euro/Dollar pair saw a predominant downward trend, exerting pressure on the psychological support barrier. It remained stable below this level, hitting its lowest point of 1.0774 during morning trading at the time of this report. Upon closer examination of the 4-hour time frame chart …

In European trading on Thursday, the U.S. dollar strengthened following hawkish remarks from a Federal Reserve official, while disappointing economic data weighed on the euro and sterling. At 05:30 ET (09:30 GMT), the Dollar Index, which measures the dollar against a basket of six other major currencies, traded 0.3% higher …

European equities saw a modest uptick at the opening bell on Thursday, marking a positive start as investors prepared for the long Easter weekend hiatus. The pan-European STOXX 600 index edged 0.1% higher, hitting a new record high by 0823 GMT. This gain signals the index’s potential for a second …

European stock markets opened flat on Wednesday, maintaining their unprecedented high level from the previous session, as investors anticipated upcoming economic data releases. Here are the key highlights from the morning trading session: STOXX 600 Holds Near Record High The European STOXX 600 index settled at 511.07 points, remaining close …

The dollar strengthened on Wednesday following robust US economic data, driving the Japanese yen to a 34-year low against the greenback. Here are the key developments impacting currency markets: The Japanese yen traded at 151.97 to the dollar during the Asian session, marking a 34-year low. This decline prompted concerns …