Tag Archives: Euro

European shares fell for the fifth consecutive session Monday, June 13, weighed down by economic-sensitive stocks, as the sharp rise in US inflation raised concerns about the US Federal Reserve’s sharp increase in interest rates. The pan-European Stoxx 600 index was down 1.1% by 07:12 GMT, hitting its lowest level …

A strong bearish trend dominated the movements of the euro against the US dollar within the expected negative outlook, reaching the official target at 1.0520, recording its lowest level during the first trading of this week at 1.0475. Technically, looking at the 240-minute chart, we notice the pair’s failure to …

The dollar fell Friday, June 10, as traders awaited the US inflation data that should provide indications of the path of monetary tightening at the Federal Reserve, and after the European Central announced the start of raising interest rates next month. The euro rose after its decline Thursday, June 9, …

European shares extended losses on Friday for the fourth consecutive session, ahead of the release of US inflation data that may prompt more speculations about the monetary policy path of the Federal Reserve at its meeting next week. Indices of all sectors fell, and the banking sector was the biggest …

The single European currency declined noticeably during the previous trading session. Therefore, we adhered to intraday neutrality in the last analysis, explaining that activating short positions is confirmed by breaking 1.0670, targeting 1.0600, to record the pair’s lowest level at 1.0610. Technically and carefully considering the 4-hour chart, we find …

European shares fell on Thursday ahead of the European Central Bank meeting later on Thursday, as investors awaited indications of the bank’s plans to tighten monetary policy. The pan-European Stoxx 600 index was down 0.5% by 0709 GMT. The index is heading towards incurring losses for the third consecutive session. …

Positive trades dominated the euro’s movements against the US dollar. The pair’s success in consolidating above the strong support level published during the previous analysis at 1.0670 forced it to achieve some bullish bounce to visit 1.0750. We mentioned in the last analysis that the 1.0670 level represents one of …

European shares fell on Wednesday, quickly giving up gains at the open, as a 6% drop in Credit Suisse shares after an earnings warning put pressure on the banking sector, while metal prices also pressured mining stocks. The pan-European Stoxx 600 index fell 0.1 percent, after rising at the opening …

The technical outlook is unchanged, and the Euro did not change much, maintaining the bearish context against the US dollar, to pressure the strong support level at 1.0670. Technically, and by carefully looking at the 4-hour chart, we find the pair stable below the minor resistance of 1.0730, and we …

The dollar rose to its highest level in two weeks, supported by rising US bond yields, which pushed the Japanese yen to its lowest level in more than 20 years against the dollar. The yen fell to 133 yen against the dollar, a level previously highlighted as a trigger for …