Tag Archives: dollar

The EUR/USD pair continues to exhibit narrow sideways trading, confined between support at 1.0470 and resistance at 1.0560. From a technical standpoint, the pair remains under pressure below the 50-day simple moving average, reinforcing the likelihood of a bearish continuation. This is further supported by the negative signals from the …

Europe’s labour market softened in the third quarter, with data on Monday indicating a decline in inflationary pressures, potentially paving the way for further interest rate cuts. Labour cost growth in the eurozone slowed to 4.6% in Q3, down from 5.2% in the previous quarter, according to Eurostat. Meanwhile, the …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Mixed trading dominated the movements of US crude oil futures, with prices reaching the initial target highlighted in the previous technical report at 71.10, and recording a high of $71.38 per barrel. From a technical perspective, the 240-minute chart indicates that prices are currently stabilizing above the minor support level …

The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …

European stock markets edged lower on Friday, poised to end a three-week winning streak as investors sought clarity on the euro zone’s monetary easing trajectory and grappled with concerns about slowing economic growth and rising geopolitical risks. The pan-European STOXX 600 index dipped 0.1%, setting it up for a 0.3% …

The U.S. dollar remained relatively unchanged on Thursday, holding steady ahead of the European Central Bank’s (ECB) much-anticipated monetary policy decision later in the day. Traders are widely expecting the ECB to implement a quarter-point rate cut, with the euro edging slightly higher in anticipation of the move. Meanwhile, the …

European markets inched up on Thursday morning, supported by gains in cyclical sectors, as investors awaited key monetary policy decisions from the European Central Bank (ECB) and the Swiss National Bank (SNB). The STOXX 600 index, a benchmark for European equities, rose 0.1% as of 0814 GMT, extending its rally …