European stocks rose on Tuesday as investors hoped that US inflation data due for release later in the day would allow the Federal Reserve to slow the pace of interest rate hikes. The pan-European Stoxx 600 index was up 0.1 percent by 0812 GMT. Technology stocks led the index, rising …
Read More »Japan’s Nikkei records its highest level in two weeks ahead of US inflation data
Japan’s Nikkei rose on Tuesday, briefly crossing the 28,000-point mark for the second time this month, as investors prepare for US inflation data and the Federal Reserve’s monetary policy decision. The Nikkei closed up 0.4 percent at 27954.85, after reaching its highest level since December 1st at 28116.56, but then …
Read More »Euro is in a sideways range and is waiting for pending orders 13/12/2022
Narrow sideways movements dominated the performance of the EUR/USD pair. As a reminder, we preferred to monitor the pair’s price behavior during the previous report due to conflicting technical signals, explaining that we are waiting for the pending orders to be activated until we get a stronger trend. Technically, we …
Read More »The dollar fell as inflationary pressures persisted
The dollar fell on Monday, but data released at the end of last week showing wholesale price inflation in the United States rose more than expected in November capped losses, reinforcing the possibility that the Federal Reserve will keep interest rates high for a longer period. The US currency recorded …
Read More »European stocks fall amid anticipation of interest rates
European stocks fell on Monday, as investors awaited the decisions of the Federal Reserve and the European Central Bank regarding interest rates scheduled for this week, and their sentiment was affected by the rise in Covid-19 infections in China after easing restrictions. The pan-European Stoxx 600 index was down 0.4 …
Read More »Nikkei declines as technology stocks fall ahead of Fed
The Japanese Nikkei index fell on Monday, after hitting its highest level in a week, as US data pointing to rising inflation increased fears that the Federal Reserve would keep raising interest rates for a longer period. Technology stocks fell after US producer price data on Friday indicated that inflation …
Read More »Euro is waiting for a stronger trend 12/12/2022
Trading tended to be positive, dominating the movements of the euro-dollar pair within the expected bullish context at the end of last week’s trading, approaching the resistance level of the psychological barrier 1.0600, which formed a strong resistance level that forced the pair to retest 1.0515. Technically, the pair is …
Read More »Stability of Dollar before the release of US producer price data
The dollar was little changed against major currencies on Friday as concerns about the performance of the US economy returned, ahead of the release of producer price index data later on Friday and the Federal Reserve meeting to decide on interest rates next week. Investors are looking forward to a …
Read More »European stocks rise, supported by rise in the industrial and financial sectors
European stocks rose on Friday, as industrial and financial stocks rose on optimism related to China’s easing of anti-Covid-19 restrictions, while Credit Suisse jumped after news of a capital increase. The pan-European STOXX 600 rose 0.2 percent by 0810 GMT, and appeared to be heading for an increase after losing …
Read More »Japan shares jumped, supported by Wall Street gains and the easing of Corona restrictions in China
Japanese stocks jumped on Friday, led by chip-related and other blue-chip stocks, after Wall Street closed higher Thursday night, supported by growing hopes of a recovery in global economic growth following China’s easing of anti-COVID-19 restrictions. The Nikkei index closed up 1.18 percent at 27,901.01 points, recording the largest daily …
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