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Read More »GBP/USD Surges Past Key Support, 4/6/2024
Oil, Crude, trading
Read More »EUR/USD Surges Past Key 4/6/2024
The EUR/USD pair has experienced a notable surge in the early trading sessions this week, breaching the key psychological resistance level of 1.0900 and reaching a high of 1.0915. Technical analysis indicates a potential shift in momentum towards the upside. On the 4-hour chart, the simple moving averages have crossed …
Read More »European Stocks Rise on ECB Rate Cut Anticipation, Focus on US Jobs Data
European stock markets rebounded on Monday, driven by investor optimism surrounding an expected interest rate cut from the European Central Bank (ECB). Simultaneously, government bond yields decreased, while attention shifted to U.S. jobs data as a key indicator of inflation trends. The pan-European STOXX index experienced a 0.6% increase by …
Read More »Eurozone Manufacturing Downturn Shows Signs of Easing
The prolonged downturn in eurozone manufacturing activity may be nearing its end, according to a recent survey revealing a slower pace of decline in new orders compared to the past two years. This positive development has led to improved business confidence within the sector. HCOB’s final euro zone manufacturing Purchasing …
Read More »European Stocks Hold Steady Ahead of Eurozone Inflation Report
European stock markets experienced mixed trading within narrow ranges on Friday, as investors cautiously awaited the release of crucial eurozone inflation data, which will provide valuable insights into the future direction of global monetary policy. Early trading saw the DAX index in Germany dip 0.2%, while the CAC 40 in …
Read More »European Stocks Stabilize as Bond Markets Rebound, Focus on Inflation Data
European stock markets found some stability on Thursday as bond markets recovered from the previous day’s sell-off, which was driven by expectations of prolonged higher interest rates due to persistent inflation. The pan-European STOXX 600 index edged up nearly 0.2%, following a decline of over 1% on Wednesday. Germany’s DAX, …
Read More »European Stocks Retreat as Bond Yields Surge Ahead of Inflation Data
European stock markets experienced a broad decline on Thursday, driven by rising global bond yields, which heightened investor concerns ahead of the eagerly anticipated inflation data release at the end of the week. Early in the trading session, Germany’s DAX index fell 0.3%, the UK’s FTSE 100 dropped 0.2%, while …
Read More »Dow Jones Faces Further Downward Pressure Amid Bearish Signals 30/5/2024
Oil, Crude, trading
Read More »USD/JPY Maintains Bullish Momentum, but Caution is Advised 30/5/2024
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