Tag Archives: Euro

The dollar fell broadly on Monday after a difficult week, dropping below seven yuan as sentiment towards riskier assets improved after signs that China would ease some restrictions related to COVID-19. More Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing coronavirus restrictions over the …

Japan’s Nikkei index closed slightly higher on Monday, supported by gains in Fast Retailing, owner of Uniqlo stores, and technology heavyweights. The Nikkei index rose 0.15 percent to close at 27,820.40 points, while the broader Topix index fell 0.31 to 1,947.90 points. In the US, the S&P 500 and the …

The euro-dollar pair jumped to the top, achieving strong gains. However, as a reminder, we indicated during the last technical report that the resumption of the rise depends mainly on confirming the pair’s breach of the resistance level of the psychological barrier 1.0400, to target 1.0520, recording its highest level …

European stocks seem to be heading for gains for the seventh week in a row amid easing fears of tightening monetary policy globally. However, stocks fell on Friday ahead of the release of US jobs data. The pan-European Stoxx 600 index fell 0.5 percent after two days of strong gains. …

European stocks rose to their highest levels in three months on Thursday, supported by the Federal Reserve chairman’s indication that the pace of rate hikes will be lowered, as well as China’s softening of its rhetoric on strict anti-Covid-19 rules. The Stoxx 600 was up 0.9% by 0810 GMT, after …

The dollar fell to a three-month low against the yen on Thursday, as investors focused on Federal Reserve Chairman Jerome Powell’s remarks about the possibility of slowing the pace of interest rate hikes “as early as December.” Powell said on Wednesday that slowing the pace at this point is a …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …

The dollar fell from its highest level in a week on Wednesday ahead of a speech by Federal Reserve Chairman Jerome Powell on Wednesday, while optimism about easing strict Covid restrictions in China put it on track for its biggest monthly loss in more than a decade. The euro did …

Japan’s Nikkei fell for the fourth consecutive session on Wednesday as data on weak factory production added to fears of a global economic slowdown, while investors await Federal Reserve Chairman Jerome Powell’s speech for clues about US monetary policies. The Nikkei index ended Wednesday’s trading down 0.21 percent at 27,968.99 …

Limited sideways trading dominates EUR/USD, confined from the bottom above 1.0320, and from the top below 1.0400, for the second consecutive session. On the technical side today, we notice a contradiction between the technical signals, and we find the 50-day simple moving average that started pressuring the price from above. …