The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for January. Movements were small in the currency markets, and the dollar index was …
Read More »The Euro is Unchanged 18/2/2022
The Euro continues to attempt to rise against the US dollar, but still limited, unable to consolidate above the main supply point published during the current week’s reports at 1.1380, which keeps the technical outlook unchanged. From the technical analysis point of view today, the current movements of the Euro …
Read More »Demand For Safe Havens Surges, With US Dollar As Only Exception
Ukraine-Russia conflict continued to dominate the headlines and fueled demand for safe-haven assets, although speculative interest stood away from the greenback. Major pairs remained stable within familiar levels after both countries blamed each other for some shelling that took place early on Thursday in the Donbass territory.The situation escalated as …
Read More »ECB’s Lane: Eurozone Turned Page On Low Inflation
The ultra-low inflation seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, citing changes in the global economy among other factors.Lane had dismissed the notion of a new era for inflation until recently …
Read More »Dollar Steadies Amid Concerns Over Ukraine News
The dollar stabilized on Thursday and the Japanese yen held on to earlier gains after a Russian news report of mortar fire in eastern Ukraine rocked markets and boosted appetite for safe-haven assets. Russia-backed rebels accused Ukrainian forces of bombing lands they control in violation of agreements aimed at ending …
Read More »The Euro is Testing Resistance And Finding difficulty to Break Through 17/2/2022
The Euro retested the critical resistance mentioned in the previous report at 1.1380, explaining that it represents one of the most critical directional keys for the current trading levels, which forced the pair to trade negatively around 1.1345, the lowest level during the early trading of the current session. Technically, …
Read More »Market Drivers – US Session – 16 February
What you need to know on Thursday, February 17:The American dollar edged lower on Wednesday, despite the release of upbeat US data and uncertainty related to Russian and Ukrainian border tensions. The US Federal Reserve released the Minutes of the latest FOMC meeting, which indicated that policymakers are willing to …
Read More »The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede
The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for the month of January. Movements were small in the currency markets, and the …
Read More »Euro Stable Below Resistance 16/2/2022
The movements of the Euro against the US dollar witnessed a mixed session, approaching by a few points from the first official station targeted in the previous analysis at 1.1510, posting the highest level of 1.1495, to trade again on the negative side as approaching the resistance level of the …
Read More »US Dollar index eases as investors digest news on Ukraine’s crisis
The US dollar was down slightly on Tuesday as investors absorbed the latest news on the Russia-Ukraine standoff, with the dollar index briefly paring some of its losses late in the day after President Joe Biden said that a Russian attack on Ukraine remains a possibility.Biden, in nationally televised remarks, …
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