Tag Archives: dollar

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, …

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 …

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 …

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 …

European stocks dipped on Tuesday as investors grappled with geopolitical tensions and uncertainties over global interest rate cuts. The pan-European STOXX 600 index edged down 0.3% by 0830 GMT, as lingering concerns about the European economy and Chinese demand weighed on market sentiment. The broader decline was softened by German …

European shares wavered on Monday after two consecutive weeks of gains, as investors awaited key corporate earnings reports, with stabilizing oil prices supporting the energy sector. The pan-European STOXX 600 index remained flat at 0845 GMT, fluctuating between minor gains and losses. Last week, the STOXX 600 gained momentum following …

The U.S. dollar strengthened on Monday, building on its recent gains as the U.S. presidential election approaches, with growing expectations that former President Donald Trump may secure a victory in the 2024 race. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against six major currencies, rose …

The US Dollar experienced a pullback on Friday, primarily driven by profit-taking after a recent surge. Investors are keenly focused on upcoming speeches by Federal Reserve officials, which could provide clues about the central bank’s monetary policy trajectory.Housing Data Shows WeaknessMeanwhile, US housing data released earlier in the day revealed …

European shares advanced on Friday, buoyed by a tech stock rebound and positive corporate earnings. The Europe-wide STOXX 600 index climbed 0.3% by 0840 GMT, with the tech sector leading the charge after a turbulent week. The index appeared set for its second consecutive weekly gain, bolstered by the European …

European shares opened on a cautious note on Friday, following strong gains from the previous session, which were driven by the European Central Bank’s (ECB) interest rate cut and upbeat earnings reports. The Europe-wide STOXX 600 index dipped slightly, down 0.05% as of 0718 GMT. Real estate companies led the …