Tag Archives: dollar

European shares surged to new record highs on Wednesday, buoyed by gains in retail and utility stocks following upbeat corporate announcements. As investors eagerly awaited industrial production data from the region, the pan-European STOXX 600 index rose by 0.1% by 9:13 GMT, building on the momentum from Tuesday’s record-high close. …

Dollar Stability Amid Inflation Surge: The dollar showed signs of stability against major currencies on Wednesday as traders gauged the potential impact of higher-than-expected inflation data on the Federal Reserve’s interest rate decisions slated for June. Surge in US Consumer Price Index: February witnessed a robust rise in the US …

In the previous trading session, the Canadian dollar experienced a limited upward trend, with movements pushing towards a retest of the psychological barrier resistance level of 1.3500, ultimately reaching its peak at 1.3525. From a technical analysis perspective, our outlook tends towards negativity. This is based on the emergence of …

japanese-yen

Oil, Crude, trading

In the previous technical report, we maintained an intraday neutral stance due to conflicting technical signals, coupled with trading confined within key trend boundaries. The lower boundary rested above 77.80, while the upper boundary lay below the extended resistance levels of 78.50-78.70. Technically, gold prices remained ensnared between these levels, …

The technical outlook for the EUR/USD pair remains consistent with a gradual upward trend, with no significant deviations observed as it endeavors to sustain its upward trajectory. Upon closely examining the 240-minute timeframe chart, it is evident that the simple moving averages continue to support the price from below, reinforcing …

The U.S. dollar remained relatively stable amidst turbulent trading on Tuesday, initially strengthening earlier in the global session. However, it later retraced its gains following the release of data indicating higher-than-expected inflation in the world’s largest economy. Following the data release, the greenback experienced an initial surge but subsequently declined. …

Japanese Officials’ Comments Dampen Expectations of Policy Shift The yen experienced its most substantial daily decline against the dollar in a month on Tuesday, following remarks from Japanese officials that tempered expectations of an imminent shift in monetary policy by the Bank of Japan (BOJ). Dollar Stable Ahead of US …

During the initial trading session of the week, the movements of the Canadian dollar were characterized by a limited upward trend, with the currency reaching its peak around the psychological resistance barrier of 1.3510. From a technical analysis perspective, we are inclined towards a negative outlook, primarily due to the …