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 »Euro: Negative Pressure Still Intact
We committed to intraday neutrality during the previous analysis due to the conflicting technical signals, The re-activation of the short positions needs to witness the return of the price below the 1.2065 level. On the technical side, today the euro resumed its decline after finding a strong resistance level around …
Read More »Currencies Overview: The US Dollar Weakened as Risk Sentiment Recovered
The dollar, which is generally considered a safe haven, remained weak on Wednesday, March 3rd, as Treasury yields continued to decline, restoring some calm to global markets and sparking renewed demand for riskier assets. Riskier currencies, including the Australian dollar and the Norwegian kroner, held onto the two-day streak of …
Read More »Euro Faces Strong Barriers
The Euro found a solid support floor around the psychological barrier of 1.2000, which forced it to the noticeable bullish rebound to retest the 1.2065 resistance level again. Technically speaking, and with a closer look at the 4-hour chart, we find that the 50-day moving average remains a hindrance to …
Read More »Euro Continues to Crawl Negatively towards Targets
The euro resumed its downward path against the US dollar, as we expected, touching the second target previously reported, located at 1.2020, its lowest level during Asian trading hours for the current session 1.2020. On the technical side, today the current moves are witnessing stability below the previously broken support …
Read More »Rising US Bond Yields Give a Boost to The Dollar in February
The currency markets witnessed a lot of fluctuations in February, as the US dollar fell sharply over the past month, to fall to its lowest level in nearly two months against a basket of major currencies but quickly returned to correct its course, supported by high bond yields. The dollar …
Read More »Euro Continues to Crawl Negatively
The euro fell against the US dollar, a noticeable decline within the negative outlook expected during the previous analysis, touching the second official target of 1.2065, posting a low of 1.2062. On the technical side today, and with a closer look at the chart, we find the negative pressure continues …
Read More »Euro Retesting Support
The Euro succeeded in achieving the expected positive outlook during the previous analysis, in which we relied on confirming the breach of 1.2175, heading for touching our second awaited target of 1.2235, recording its highest level at 1.2242. Technically, and with a closer look at the 60-minute chart, we find …
Read More »Currencies Overview: US Dollar Near Lowest Level in 3 Years
The US dollar sat near its lowest level in three years against riskier currencies on Thursday, February 25th, as signs of a continued easing of monetary policy by the US Federal Reserve sparked trading in assets that are rising thanks to the improvement in the economic cycle. The US currency …
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