The EUR/USD pair exhibited minimal change during the initial trading sessions of the week, trading within a sideways range. The pair’s price continues to maintain negative stability below the 1.0715 resistance level. In terms of technical analysis today, a closer examination of the 4-hour timeframe chart reveals the simple moving …
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European stocks opened higher on Monday as investors awaited the earnings reports of several major banks. Notably, shares of Portuguese company GALP surged to their highest level in 16 years following positive results from gas exploration in Namibia. As of 0716 GMT, the European STOXX 600 index had risen by …
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Oil, Crude, trading
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The Canadian dollar remains under the influence of a persistent downward trend, which gained momentum following the breach of the significant support level at 1.3760. Currently, the pair is stabilizing around its lowest level near 1.3725. Examining the technical analysis on the 4-hour timeframe today, we observe a bearish technical …
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japanese-yen
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Oil, Crude, trading
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US crude oil futures contracts experienced a notable decline following the retracement of recent gains, retreating from the pinnacle of 85.58 reached during last Friday’s trading session. As today’s trading commenced, the price hit its lowest point, settling at $81.18 per barrel at the time of compiling this technical report. …
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Negative sentiment returned to dominate the movement of the Euro/Dollar pair towards the end of last week’s trading. Despite several attempts, the pair struggled to sustainably breach the psychological resistance level at 1.0700. As trading commences this week, the pair is seen exerting downward pressure, testing the support level at …
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European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …
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In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …
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