Tag Archives: Euro

Eurozone’s Inflation surged 9.9% in September, on an annualized basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading missed expectations of 10.0% while against the 10.0% previous. Core figures rose by 4.8% YoY, meeting the 4.8% market estimates …

European shares rose on Wednesday as strong financial results for ASML Semiconductor gave a boost to the technology sector and boosted hopes that earnings season will be auspicious. However, the rise was limited due to the still continuing fears of rising inflation and interest rate hikes. ASML shares rose 5.5 …

Japanese stocks closed higher on Wednesday, tracking gains made by Wall Street after US companies reported strong financial results. The Nikkei index rose 0.37 percent and remained significantly higher than a basic sentiment level of 27,000 points throughout the day, without any indications of the volatile trading witnessed in the …

We adhered to intraday neutrality during the previous analysis due to a conflict in the technical signals, explaining that activating the buying positions depends on surpassing the upside level of 0.9780 in order to motivate the price to visit our first ascending target at 0.9845, recording its highest level at …

The single European currency reached the first required target last Friday at 0.9810, which formed a strong resistance level, causing the euro to fail to stabilize over the psychological barrier of 0.9800. From the angle of technical analysis today, the pair is now hovering above the support floor level of …

Japanese stocks rebounded on Friday, boosted by the strong performance of Fast Retailing as investors appeared to ignore US inflation data that fueled bets for a US Federal Reserve interest rate hike next month. The Nikkei average rose 3.25 percent to 27,090.76 points, its biggest daily percentage gain since March …

Positive trades dominated the euro’s movements against the US dollar during yesterday’s trading, trying to build on the 0.9740 support floor. Technically, and carefully looking at the 240-minute chart, we find the pair is moving above the 50-day simple moving average, accompanied by the beginning of positive signs appearing on …

The British pound rose on Thursday in volatile trade as investors awaited the imminent deadline set by the Bank of England to end its emergency bond purchase program. The fragile yen approached a new 24-year low as markets worried before US inflation data was released later on Thursday, looking for …

European shares fell on Thursday, dragged down by technology and real estate stocks, while investors focused on US inflation data to be released later on Thursday for indications of the direction of the Federal Reserve’s rate hike. By 0714 GMT, the pan-European Stoxx 600 index fell 0.6 percent, to record …

Japanese stocks fell on Thursday, as investors awaited important US inflation data that could influence central banks’ statements around the world regarding interest rate hikes. The Nikkei index started the session higher, but gave up its early gains and fell 0.6 percent to close at 26,237.85 points. The broader Topix …