Tag Archives: Euro

The dollar is heading for its first weekly decline against its major peers since the beginning of last month, retreating from a one-year high as traders turned their attention to when the US Federal Reserve will start raising interest rates. The DXY dollar index, which measures the greenback against six …

The single European currency tried to advance after the bullish bias against the dollar within the bullish corrective path, recording a high of 1.1624 and maintaining its intraday movements above the 1.1600 barrier. Technically, and by looking at the 240-minute chart, we notice clear positive crossover signs on the stochastic …

During the European trading session today, the market held a similar tone to its trajectory yesterday, as stocks are recovering modestly after the setback that occurred in the trading stages this week. European indices maintained their gains, while US futures pointed to solid gains as bond yields continued to decline, …

The dollar hit a 9-day low against major currencies, reversing its recent rally, while the British pound, Australian, and New Zealand dollars advanced. The dollar rose in September and since the beginning of October on expectations that the US central bank will tighten monetary policy faster than expected, but it …

The euro’s movements against the US dollar witnessed an upward bias during the last trading session. The pair succeeded in retesting the resistance level of the psychological barrier 1.1600, canceling the expected negative outlook. Technically, and by looking at the 240-minute chart, we notice that the 50-day moving average has …

During the European session today, the Chinese yuan rose to 6.44 against the US dollar, approaching a two-week high of 6.43 touched earlier in October. Investors cheered strong Chinese trade data showing that exports and imports continued to rise at robust rates in September, both of which set records. On …

The single European currency continues to creep negatively against the US dollar, within the expected bearish context, gradually approaching the first target of 1.1500, recording its lowest price at 1.1524. Technically, the current moves are witnessing a slight bullish slope due to the positive signals coming from the RSI on …

The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

Quiet trading dominated the euro’s movements against the US dollar within the general bearish path, recording its lowest level at 1.1540 and starting today’s session by pressing the mentioned level. Technically, and by looking at the 240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the …

The dollar rose to its highest level in nearly three years against the yen on Monday as investors remained confident that the Federal Reserve would announce a reduction in its massive bond purchases next month. Friday’s jobs data pushed up US bond yields and subsequently lowered the yen, which is …