Various moves tended to be positive that dominated the euro’s movements against the US dollar at the end of last week’s trading within the scenario of re-testing the support published during the previous analysis, approaching a few points difference at the desired target of 1.2000, recording a high of 1.1990. …
Read More »Currencies Overview: The Dollar Winning And Risk Currencies Are Losing
The dollar rose today, recovering from losses incurred the previous day, as a strong rise in Treasury yields in the early European session sparked risk aversion moves in global currency markets, while riskier currencies were hit. Market dealers are growing anxious in recent weeks about the possibility of a strong …
Read More »Euro Retesting Support
The single European currency showed a bullish tendency during the previous trading session within the expected bullish context, touching the second official target to be achieved during the previous analysis at 1.1975, recording a high of 1.1990. Technically speaking, and with a closer look at the chart, with a 60-minute …
Read More »Euro Breaks Through Resistance
We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals, indicating that the activation of long positions requires confirmation of the breach of 1.1885, in order to enhance the chances of a rally to visit 1.1920, for the pair to succeed in reaching its …
Read More »Currencies Overview: USD Rising as Bonds Stabilize
The dollar rose on Wednesday, recouping part of the losses it incurred on Tuesday night as the downward trend in US bond yields stopped for a year high. Subprime currencies, including the Australian and New Zealand dollars, retreated after posting big gains on Tuesday. Bitcoin slipped after previously exceeding $55,000 …
Read More »Euro Hovering Around Resistance And Positivity Needs Confirmation
The euro made positive trades against the US dollar during the previous trading session, recording its highest level at 1.1915. On the technical side today, we find the euro now hovering around a strong resistance level of 1.1880 / 1.1885, trying to stabilize it above, and with a closer look …
Read More »Currencies Overview: USD Down From Its Three-And-a-Half-Month High as Bond Yields Stabilize
The dollar fell from its highest in three and a half months today, Tuesday, as US Treasury yields stabilized, allowing gains for riskier currencies such as the British pound and the Australian and New Zealand dollars. The index measuring the strength of the dollar against a basket of other currencies …
Read More »Euro Pressing Support
The bearish tendency continues to pressure the euro’s movements against the US dollar within a gradual decline to the downside, touching the first target to be achieved last Friday, 1.1920, to hit a low of 1.1898. On the technical side, today the intraday trading is witnessing stability below the previously …
Read More »The Euro Continues to Decline
The single European currency fell significantly against the US dollar within the expected negative outlook, touching the second official station mentioned in the previous analysis at 1.1975, to record its lowest level during early trading for the current session at 1.1950. Technically speaking, the pair succeeded in confirming the breach …
Read More »Currencies Overview: The US Dollar Consolidates Before The US Federal Reserve’s Speech
The dollar reached its highest level against the yen in 7 months today, Thursday, as it received support from a more regular rise in US Treasury yields ahead of a speech by Jerome Powell, the head of the US Federal Reserve, that may determine the direction the global currency and …
Read More »