Tag Archives: Euro

The euro’s attempts to compensate for its losses against the US dollar during the previous trading session failed to find a strong resistance level of 1.0040 that successfully limited the bullish bias. As we explained in the previous report, the above-mentioned level is a prerequisite for recovery. Technically, today, the …

The US dollar rose to its highest level in 20 years against other major currencies on Monday after Federal Reserve Chairman Jerome Powell indicated that interest rates will remain high for a longer period in order to rein in spiraling inflation. The dollar index, which measures the value of the …

European shares fell sharply on Monday, while bond yields rose after comments from monetary policymakers raised fears of violent measures to curb inflation amid rising recession risks. The pan-European Stoxx 600 index fell 0.8 percent to its lowest level in more than a month, with technology shares falling the most, …

Japan’s Nikkei index closed at a two-week low on Monday, tracking losses on Wall Street after US Federal Reserve Chairman Jerome Powell said tightening US monetary policy would be necessary “for some time” to curb inflation. The Nikkei index closed down 2.66 percent at 27878.96 points, with 202 down from …

Mixed trading dominated the movements of the euro against the US dollar at the end of trading last week, under the influence of the speech of the Federal Reserve Chairman at the Jackson Hole Forum. Technically, the euro hit the pivotal resistance level published during the previous report, located at …

The dollar held near two-decade highs against other major currencies on Friday ahead of a widely anticipated speech by Federal Reserve Chairman Jerome Powell at a Jackson Hole symposium. Traders are awaiting indications about the Fed’s monetary tightening plans to curb inflation when Powell speaks at 1400 GMT. The dollar …

European shares rose on Friday as Wall Street’s rally, supported by technology companies overnight, lifted its European peers, but the sentiment was affected by concerns about the pace of interest rate hikes and rising energy costs. The pan-European Stoxx 600 index rose 0.4%, and is heading to end the week …

Japanese shares closed slightly higher on Friday, after giving up some of their early gains, as investors awaited a speech by Federal Reserve Chairman Jerome Powell to look for any clues on the pace of US monetary tightening. The Nikkei index closed up by 0.57 percent at 28,641.38 points, after …

The single European currency recorded its highest level against the US currency during yesterday’s trading session at 1.0033 to find a strong resistance level; as we explained during the last analysis that 1.0030 represents a strong supply point, which forced the pair to return to the bearish bias. On the …

European shares rose on Thursday after gross domestic product data from Germany, the continent’s largest economy, beat analysts’ expectations. At the same time, concerns ahead of the minutes of the European Central Bank’s latest meeting limited gains. The pan-European Stoxx 600 index was up 0.6 percent by 0712 GMT. Energy …