Tag Archives: Euro

European stock markets edged slightly higher on Tuesday as trading volumes remained muted due to the holiday season. FTSE 100: Up 0.3% CAC 40: Increased 0.4% DAX: Closed for the day Most European markets will close early on Tuesday and remain shut on Wednesday for the Christmas holiday. Key Market …

European markets opened the week in the red, reflecting a subdued trading environment as the Christmas holiday approaches. At 03:13 ET (08:13 GMT), major indices showed minor declines: Germany’s DAX: -0.4% France’s CAC 40: -0.1% UK’s FTSE 100: -0.1% With many markets preparing to close early or remain shut on …

European stock markets ended the week on a downbeat note as concerns about a potential trade war with the U.S. and disappointing economic data weighed on investor sentiment. Indices Under Pressure Germany’s DAX dropped 1.1%, France’s CAC 40 slid 1%, The UK’s FTSE 100 fell 0.4%. Trade Tensions Escalate with …

The Euro weakened significantly against the US Dollar after the Federal Reserve’s interest rate decision and subsequent press conference. While the Fed delivered a 25 basis point rate cut as expected, the central bank’s cautious tone and economic projections dampened market sentiment for the Euro.Key takeaways from the Fed’s decision:Rate …

The EUR/USD pair is trading near 1.0500 on Wednesday, struggling to gain significant momentum. The 20-day Simple Moving Average (SMA) at 1.0550 continues to cap upside potential, suggesting a cautious market sentiment.Technical AnalysisTechnical indicators point to a lack of directional bias. The Relative Strength Index (RSI) is hovering around 42, …

European markets displayed a mixed performance on Wednesday as investors turned their focus to the upcoming U.S. Federal Reserve decision. By mid-morning, Germany’s DAX slipped 0.1%, France’s CAC 40 remained unchanged, while the U.K.’s FTSE 100 edged up 0.2%. Market participants are widely expecting the Fed to announce a 0.25% …

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 …

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 …

Euro Under Pressure, But a Technical Rebound LoomsThe Euro has been grappling with downward pressure following the European Central Bank’s (ECB) decision to cut interest rates. The EUR/USD pair, a key currency market indicator, has hovered near the 1.0500 level, suggesting a delicate balance between bearish and bullish forces.Technical Analysis …