Tag Archives: Euro

The UK economy grew during the month of July of 2022 by 0.2%, which came less than expectations that indicated a growth of 0.3%, to get the economy out of a contraction, it suffered in June when the economy recorded a contraction of 0.6%. The services sector recorded an increase …

European shares rose at the open on Monday, with banking stocks rising for a third consecutive session on bets that the European Central Bank will raise interest rates dramatically. The pan-European Stoxx 600 index rose 0.2 percent to continue rising after posting its first weekly gain in four weeks on …

Japan’s Nikkei index ended Monday’s trading at its highest level in more than two weeks, tracking Wall Street’s strong closing last week, as heavyweights and travel-related stocks led the gains. The Nikkei index closed up 1.16 percent to 28,542.11 points, its highest closing level since August 26. The broader Topix …

Positive movements dominated the Euro against the US dollar, beginning to form a corrective ascending wave, heading to touch the required target during the previous analysis at 1.0130, recording its highest level at 1.0124 during the early trading of the current session. On the technical side, the simple moving averages …

Japanese stocks rose on Friday, extending gains from the previous day, even as investors digested the hawkish rhetoric of policymakers that strongly supported expectations of big interest rate hikes to curb inflation. The Nikkei index closed up 0.53 percent to 28,214.75 points. The benchmark index started trading up 0.5 percent …

The euro succeeded in achieving noticeable gains against the US dollar within the expected bullish path, in which we depended on consolidation above the parity point 1.0000, explaining that this is a catalyst that enhances the chances of rising to visit 1.0080, reaching its highest level during the early trading …

On Thursday, the euro hovered above the 20-year low hit two days ago as investors awaited the European Central Bank’s policy decision and comments from the Federal Reserve chief for indications on the path of global monetary tightening. The European Central Bank is expected to raise interest rates by 75 …

European shares opened higher on Thursday, ahead of what could be the largest interest rate hike ever announced by the European Central Bank. Mining and banking stocks led the gains. Markets are awaiting the size of the central bank’s increase in the main interest rate. The bank is studying a …

Japan’s Nikkei closed at a one-week high on Thursday, tracking the strong close on Wall Street Wednesday night, while the yen’s slide against the dollar raised hopes for better prospects for local businesses. The Nikkei jumped 2.31 percent to 28,065.28 points, its highest closing level since Aug. 31. The index …

Mixed trading dominated the movements of the euro against the US dollar, to witness a bearish tendency during the middle of the European session, after it succeeded in pressing the support level of 0.9900 to see a decline near 0.9875, taking advantage of the mentioned level that forced it to …