Tag Archives: Euro

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 …

The single European currency achieved some limited gains, taking advantage of the US employment data that came on the lower side, recording limited gains around 1.1586 areas. Technically, and by looking at the chart  240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the pair’s continuing …

The dollar rose against the major currencies, but within a narrow range, as traders awaited the monthly jobs report for clues on the pace of the return of the Federal Reserve’s policies (the US central bank) to normalcy. The dollar index, which measures the performance of the US currency against …

The technical outlook is unchanged, and the euro’s movements did not change significantly against the US dollar for the third consecutive session, maintaining the negative stability. Technically, the euro retested the previously broken support level at 1.1570/1.1560, and the intraday movements are witnessing stability below the mentioned level. By looking …