Tag Archives: Euro

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) soared by 8.1% in May vs. the previous reading of 7.4%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a reading of 7.7%. The core figures arrived at 3.8% YoY in May when compared to …

German stocks led European stock markets lower on Tuesday after a bigger-than-expected rise in inflation in Germany, the region’s largest economy, raised fears of tightening measures from central banks. Investors are now awaiting annual inflation data in the eurozone for the month of May, which is expected to be released …

Amid quiet trading, the single European currency maintained its positive stability within the expected bullish path during the previous analysis, with a gradual rise towards the required target of 1.0800, recording the highest during the last session’s trading of 1.0787. Technically, today, the current movements of the pair are witnessing …

The dollar extended its decline on Monday as risk appetite in the markets temporarily increased, buoyed by positive economic data and bets that the Federal Reserve will tighten monetary policy at a slower pace. And the US currency index, which measures its performance against six major currencies, is on its …

European shares rose to surpass three-week highs on Monday as fresh stimulus measures in China boosted optimism that began last week, while investors looked forward to more economic data this week, including inflation in Germany. And the authorities in Shanghai, the Chinese commercial center, will cancel many conditions imposed on …

The euro started its first weekly trading with a noticeable rise within the expected bullish context during last Friday’s analysis. It managed to breach 1.0670 resistance level, to reach its highest level during the morning trading of the current session at 1.0762. Technically, the euro is now hovering around the …

Wall Street closed sharply higher on Friday, as signs of inflation peaking and then data on consumer spending increased investor optimism that the Federal Reserve would be able to tighten monetary policy without pushing the economy into recession. All three major US stock indexes halted their longest streak of weekly …

The dollar is heading for its biggest weekly decline in nearly four months after traders cut their expectations for a US interest rate hike amid indications that the Federal Reserve may slow or halt the monetary tightening cycle in the second half of the year. The dollar index, which measures …

European shares rose in early trade on Friday, eyeing gains for the third consecutive session as sentiment rose after expectations that central banks would tighten their policies more than they indicated. The pan-European Stoxx 600 index rose 0.3 percent by 0714 GMT, influenced by a rally on Wall Street in …

The single European currency succeeded in retesting the pivotal support level published during the previous report at 1.0660, which forced the euro to bullish retracement. As we expected, touching the first target 1.0740, heading to touch the official price target during the previous technical report at 1.0770, recording its highest …