The Japanese Nikkei index closed lower on Tuesday, as investors awaited the results of the Federal Reserve’s monetary policy meeting, and in light of corporate business results that showed mixed trends. The Nikkei fell 0.39 percent, ending trading at 27,327.11 points, after starting the session on a high. The index …
Read More »Euro is pressing support and we are waiting for a stronger signal 31/1/2023
Quiet trades tended to be positive within the expected bullish track, for the EUR/USD pair to touch the first target achieved during the previous report at 1.090, recording its highest level at 1.0913. Technically, the pair found a strong resistance level around the psychological barrier 1.0900, and failed to stabilize …
Read More »Technology stocks lead the losses in European markets
European stocks fell on Monday amid anticipation ahead of a series of central bank meetings later this week, with interest rate-sensitive stocks such as the technology sector among the main losers. The pan-European Stoxx 600 index was down 0.6 percent by 0818 GMT. The technology index led the declining sectors …
Read More »Japan’s Nikkei trailed Wall Street and closed at the highest level in more than a month
The Nikkei index ended trading on Monday at the highest level in more than a month, tracing the impact of gains on Wall Street in the previous session, but what limited those gains was the anticipation of the markets before a meeting of the Federal Reserve and the announcement of …
Read More »Euro consolidating above support 30/1/2023
Negative trading dominates the movements of EURUSD due to stability below the resistance level of the psychological barrier 1.0900, which forced the pair to retreat marginally, to witness the current movements stabilizing around its lowest level during the morning trading of the current session 1.0865. Technically, and with a closer …
Read More »Financial Markets’ Weekly Recap, January 23-27
The US Dollar Index began the trading week down around the 102 mark, hovering close to levels not seen since May 2022, as concerns about a US recession and prospects of a less aggressive Fed startled investors away from the American currency which closed the week at 101.9.Oil Price ActionOn …
Read More »Japan’s Nikkei records its biggest weekly gain in two months
On Friday, the Japanese Nikkei index recorded its biggest weekly jump in more than two months, with the index recouping all its losses since the Bank of Japan’s sudden adjustment to one of its policies last month, but caution about local earnings limited gains. The Nikkei index rose 0.07 percent …
Read More »European stocks stabilize before central banks meetings
European stocks were little changed on Friday as investors refrained from making big bets ahead of a series of central bank meetings next week, while luxury goods stocks fell after weak business results from industry leader LVMH. And by 0815 GMT, the European Stoxx 600 was stable, as gains in …
Read More »Dollar is falling, approaching its lowest level in 9 months
The dollar fell against the Japanese yen on Friday, as traders bet that the Bank of Japan’s monetary policy tightening is still imminent. The dollar also fell to approaching a nine-month low against the euro, amid expectations in the market that the European Central Bank will announce next week an …
Read More »European stocks rise thanks to optimism about earnings
European stocks rose on Thursday as strong quarterly earnings from ST Microelectronics, Sabadell and Nokia allayed concerns about corporate earnings season amid signs of a recession. The pan-European Stoxx 600 index was up 0.6% by 0835 GMT, with technology and financial services shares leading the gains. STMicroelectronics jumped 8.4% after …
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