The EUR/USD pair has reaffirmed its 1.0865 resistance level but failed to break through it in the last session. Technical Analysis: A closer look at the 4-hour chart shows that the 50-day simple moving average supports a potential decline, with the stochastic indicator gradually losing upward momentum. While technical indicators …
Read More »Market Drivers; US Session
The US dollar’s Pause: A Temporary Respite?The US Dollar Index (DXY) has recently shown signs of fatigue, retreating from its recent highs. Despite encouraging economic data, including strong job growth, the US dollar’s relentless ascent appears to be pausing.Key Economic Events to Watch – United StatesPersonal Consumption Expenditure (PCE) Price …
Read More »European Shares Rise as Investors Await Key Tech Earnings and Labor Data
European shares ticked up on Tuesday, fueled by anticipation for major U.S. tech earnings, while the dollar remained near a three-month high as investors braced for key U.S. labor market data. The pan-European STOXX 600 rose 0.3%, reaching its highest level in over a week. Major European indices were similarly …
Read More »Dow Jones tries to recover 29/10/2024
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Read More »USDJPY trying positively 29/10/2024
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Read More »GBP faces negative pressure 29/10/2024
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Read More »Euro awaits confirmation of break 29/10/2024
The EUR/USD pair has been trading sideways, attempting to hold above the support level of 1.0760. However, positive movement has been limited, with the pair struggling to rise above the main resistance at 1.0850. Technical Analysis: On the 240-minute chart, the 50-day simple moving average indicates potential for further decline, …
Read More »US Dollar Retreats Amid Profit-Taking and Anticipation of Key Economic Data
US Dollar Pauses as Profit-Taking Sets In, Key Economic Data AwaitedThe US Dollar Index (DXY) retreated on Monday after a recent rally, as investors took profits ahead of a pivotal week for economic data releases. While the US economy continues to show signs of strength, concerns about potential interest rate …
Read More »European Stocks Edge Higher Amid Easing Middle East Tensions and Event-Heavy Week
European stock markets saw modest gains on Monday as easing tensions in the Middle East provided a positive backdrop at the start of a week loaded with key economic events. By 04:10 ET (08:10 GMT), Germany’s DAX rose 0.3%, France’s CAC 40 gained 0.5%, while the U.K.’s FTSE 100 slipped …
Read More »European Markets Drift as Earnings Take Center Stage Amid Growth Concerns
European stock markets saw modest movement on Wednesday as investors digested a wave of third-quarter corporate earnings reports against a backdrop of regional economic uncertainty. By 03:05 ET (07:05 GMT), Germany’s DAX index and France’s CAC 40 both edged 0.1% lower, while the U.K.’s FTSE 100 managed to climb by …
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