Tag Archives: Euro

The euro failed to maintain its recent gains against the US dollar after its inability to stabilize above the resistance level of 1.0500, which forced it to break the psychological support level of 1.0500. It is currently trading around the support level of 1.0460. Technically, and with careful consideration of …

The financial markets was driven by comments by key central bankers who spoke before the ECB Forum in Portugal. Fed Chair, Jerome Powell explained that there is a risk the US central bank’s interest rate hikes will slow the economy too much. Powell added that the bigger risk, however, is …

The Euro gave back earlier gains on Wednesday after European Central Bank President Christine Lagarde said the era of ultra-low inflation that preceded the pandemic is unlikely to return.Speaking at a panel at the ECB Forum in Sintra, Portugal, alongside US Fed Chair Jerome Powell and Bank of England Governor …

A mixed start to the new trading week, one in which the bulk of the significant market-moving events is due from Wednesday onwards. That may make for choppy trading over the next couple of days, in line with what we’ve seen so far in Europe. We will still hear from …

European shares fell on Wednesday after concerns about a global recession outweighed recent optimism over the lifting of lockdown restrictions in China. The pan-European Stoxx 600 index fell 0.7 percent by 0708 GMT, ending a three-day rally after a gruelling overnight session on Wall Street on the back of bleak …

Japan’s Nikkei index ended a four-session rally on Wednesday, dragged down by major technology stocks, after Wall Street fell sharply overnight on fears of an economic slowdown. The Nikkei index closed down 0.91 percent at 2,6804.60 points. The broader Topix index fell 0.72 percent to 1,893.57 points. Wall Street’s main …

The dollar and the yen rose in a volatile session in Asia on Monday, as they benefited from a search for safe haven amid investor concerns that higher interest rates and weak economic data could mean a global recession is on the horizon. While stocks tracked Wall Street higher, currency …

European shares rose on Tuesday, boosted by gains in commodity-related stocks and automakers after China eased quarantine restrictions related to COVID-19. The pan-European Stoxx 600 index rose 0.9 percent by 0714 GMT, rising for the third consecutive session, amid waning concerns about the central bank’s moves to tighten monetary policy …

Japan’s Nikkei rose and crossed the significant 27,000-point level for the first time in two weeks on Tuesday, boosted by a rise in energy stocks, though uncertainty over US interest rate hikes limited gains. The Nikkei rose 0.66 percent to close at 27,049.47 points, close to its highest level during …

The single European currency continues to recover against the US dollar within the expected bullish path, approaching the first price target of 1.0630, to record its highest level during the last session’s trading of 1.0613. Technically, by looking at the 4-hour chart, we find the current intraday movements of the …