European shares opened lower on Tuesday, with miners leading the decline amid fears of slowing demand in China and investors being cautious ahead of the US midterm elections that will determine who will have control of Congress. The Stoxx 600 index was down 0.4 percent by 0808 GMT. The European …
Read More »Euro continues its gradual rise against the dollar 8/11/2022
The euro traded with noticeable positivity against the US dollar in the opening of the first trading sessions of this week within the bullish context, as we expected during the previous analysis, touching the second target at the price of 1.0030, recording its highest level at 1.0034. Technically, and looking …
Read More »The dollar fell against the euro and sterling amid appetite for riskier assets
The dollar fell on Monday against the euro and the British pound, amid an improved appetite for riskier assets and a rally in the European stock market. Monday’s survey showed investor sentiment in the eurozone improved in November for the first time in three months, reflecting hopes that a recent …
Read More »The dollar rises as China sticks to its strict policy to contain Covid
The dollar rose on Monday as sentiment deteriorated after China said it was sticking to its strict curbs on the coronavirus, dashing hopes of the imminent reopening of the world’s second-largest economy that earlier recorded a massive rebound in risky assets. China said at the weekend that it would continue …
Read More »European shares open lower as mining and luxury goods stocks fall
European shares opened lower on Monday, with mining and luxury stocks tumbling after hopes that China would ease its strict COVID-19 restrictions earlier this week faded. The pan-European STOXX 600 index fell 0.5% by 0805 GMT, after a string of gains that extended for four consecutive weeks. Shares of European …
Read More »Euro breaks the resistance and makes strong gains 7/11/2022
The single European currency reversed the expected bearish trend during the previous analysis, supported by the decline of the US dollar after the US jobs data, to end the trading sessions last week on a high, recording the highest 0.9966. The technical aspect today indicates the possibility of resuming the …
Read More »Dollar rises on hopes of easing Covid restrictions in China, US employment data awaits
The euro and the pound sterling recouped some of their losses on Friday, but were still heading for their biggest weekly decline since September, ahead of US employment data that could confirm Federal Reserve Chairman Jerome Powell’s hint this week of continued monetary tightening, sending the dollar higher. Improved investor …
Read More »European shares open higher, supported by luxury goods and mining companies
European shares opened higher on Friday, with luxury goods and mining companies leading the upward trend amid hopes that China will soon ease its strict restrictions related to the fight against the Coronavirus. The Stoxx 600 index rose 0.7% by 0813 GMT, supported by a 3.2% jump in mining stocks, …
Read More »Nikkei closes lower as US monetary tightening continues
The Japanese Nikkei index ended lower Friday’s trading in the Tokyo Stock Exchange, as the tightening monetary policies of the US Federal Reserve prompted investors to sell on their return from a national holiday. However, strong gains in Chinese stocks limited losses. The Nikkei average fell 1.68 percent to 27,199.74 …
Read More »The euro may resume its decline 4/11/2022
Negative trading witnessed the euro’s movements against the US dollar yesterday, within the expected bearish context, touching the first to be achieved at 0.9770, to extend its losses approaching a few points from the second target of 0.9710, recording its lowest trading at 0.9730. Technically, the simple moving averages still …
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