Tag Archives: Euro

A negative trading session witnessed the euro’s movements against the US dollar within the expected bearish context with the beginning of the current week’s trading, heading towards touching the first target of 1.0970, to record the lowest at 1.0965. Technically, we are still inclined to the negativity, relying on the …

The euro fell on Monday, April 4, after Western powers said new sanctions were needed against Russia following the killing of civilians in Ukraine in what appeared to be war crimes. The euro, which is under pressure due to fears of economic damage from the war in Ukraine, fell 0.4% …

Mixed trading dominated the euro’s movements against the US dollar at the end of last week’s trading, within a direction tilted to the downside after the pair failed to stabilize above the resistance level of 1.1150. Technically, we notice that the buying rejection still exists. However, by looking at the …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 7.5% in March, coming in much higher than the previous reading of 5.9%, the latest data published by Eurostat showed on Friday. The consensus forecast was for a hotter reading of 6.6%. The index hit another record high, as …

The euro tumbled on Thursday as investors fretted about rising EU-Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the EU bloc. This, coupled with a generalized paring …

Private sector employment in the US rose by 455,000 in March, ever so slightly above the 450,000 expected gain, according to US payroll company ADP’s latest estimate of national employment change released on Wednesday. The broadly in line with expected ADP data will instill confidence that Friday’s official jobs report …

As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

The single European currency provided positive trades during the previous trading session. It approached the 1.0920 support level, recording the lowest price at 1.0940, forcing it to form a limited bullish bounce to retest the psychological resistance level 1.1000. Technically, by looking at the 4-hour chart, we notice that the …

The Japanese yen fell on Monday to its lowest level in six years against the dollar and is on track to record its largest daily loss since March 2020, after the Bank of Japan moved to contain rising bond yields even as US Treasury yields rose to new highs not …

The single European currency opened its first weekly trading with a bearish bias after failing to breach the strong supply area published during the last analysis at 1.1060. It represents one of the most important directional keys that forced the pair to retest 1.0950. Technically, the current movements of the …