Negative trading dominated the movements of the euro against the US dollar during the first trading session of the current week, with the pair encountering a strong resistance level around the psychological barrier of 1.1200, which resulted in a bearish bias. On the technical side today, and with a closer …
Read More »European Shares Dip Amid Economic Data Focus and Auto Sector Weakness
European stocks opened lower on Monday as investors braced for a week filled with key economic data releases from the region, while awaiting remarks from European Central Bank (ECB) President Christine Lagarde. By 07:10 GMT, the pan-European STOXX 600 index had slipped 0.1% to 527.47 points. Despite this slight dip, …
Read More »European Markets Hit New Highs Amid China-Driven Rally
European stock markets reached a fresh record high in mid-morning trading on Friday, fueled by strong momentum from a rally in Asia, led by China. As of 05:13 ET (09:13 GMT), the pan-European Stoxx 600 index rose by 0.3% to 526.92, having previously hit an intraday high of 526.51. Germany’s …
Read More »Dow Jones tries to hold on to gains 27/9/2024
Oil, Crude, trading
Read More »USD/JPY Seeks Further Upside 27/9/2024
japanese-yen
Read More »GBP maintains uptrend 27/9/2024
Oil, Crude, trading
Read More »Oil extends losses 27/9/2024
U.S. crude oil futures declined significantly, following the downward trend mentioned in the previous report, exceeding the official target of 68.65 and recording a low of $66.967 per barrel. From a technical perspective, we lean toward a negative outlook but with caution, relying on the continued negative crossover of the …
Read More »Euro faces temporary hurdle 27/9/2024
The euro experienced limited positive attempts against the US dollar, trying to break through the psychological resistance level of 1.1200, reaching a high of 1.1189. From a technical perspective today, we notice that the pair has struggled to stabilize temporarily above the 1.1200 resistance level, acting as a temporary obstacle. …
Read More »Dow Jones Seeks Extra Momentum 26/9/2024
Oil, Crude, trading
Read More »USD/JPY May Repeat Upside Chances 26/9/2024
japanese-yen
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