Tag Archives: Euro

European shares fell on Thursday, dragged down by the decline in energy and mining shares due to lower commodity prices, amid fears of slowing economic growth, while heavy demand from traders stimulated big moves in stocks. The pan-European Stoxx 600 index was down 1.1 percent by 0724 GMT, with oil …

Japanese stocks ended stable Thursday trading after a turbulent session in which investors were affected by recession fears. The Nikkei index rose 0.08 percent to 26,171.25 points at the close, continuing to trade higher than the psychological level at 26 thousand points, after falling to 25,520.23 points on Monday. The …

The strong support level published during the previous analysis at 1.0470 pushed the price to the upside, as we expected, for the euro to reach the required targets at 1.0550 and 1.0580, recording the highest around the psychological edge of 1.0605. Technically, we find the intraday movements of the euro …

The Euro and the British Pound fell on Wednesday as concerns returned that interest rate hikes by major central banks to contain inflation threatened to sharply slow global growth or even trigger a recession. Data showed that consumer price inflation in Britain reached its highest level in 40 years at …

The Japanese yen plunged to a 24-year low against the US dollar on Tuesday, amid a stark contrast between the Bank of Japan’s ultra-loose monetary policy and the US Federal Reserve’s determination to aggressively raise interest rates to stem runaway inflation. The yen fell 1.1 percent to 136,455 against the …

European stocks look set to break a rally on Wednesday, with the decline in oil and metal prices lowering shares of commodity-related companies, while British inflation data revived fears of slowing global growth. By 0718 GMT, the pan-European STOXX 600 index fell 1.5 percent, to a record low not seen …

EURUSD reached the first awaited target during the previous analysis, at 1.0580, recording its highest level during the last session trading at 1.0582. On the technical side, the pair witnessed a bearish tendency as a result of hitting the resistance level represented by the target of 1.0580, which forced the …

German Economy Minister Robert Habeck said on Tuesday that the reduced gas supply had “another dimension” and that it was an economic attack by Russia against Germany, as reported by Reuters.Habeck has added that the gas supply situation could become worse than the coronavirus pandemic. Markets have not reacted to …

The euro rose on Tuesday, drawing support from the European Central Bank’s intention to raise interest rates to contain inflation, while the Japanese yen again touched its lowest level in 24 years, affected by the continued pursuit of the Bank of Japan to pursue a very loose monetary policy. The …

European shares continued their recovery on Tuesday, boosted by gains in chemical, mining and oil stocks, with buyers emerging after heavy selling last week on recession fears. The pan-European Stoxx 600 index rose 0.8%, gaining for the third consecutive session, after hitting its lowest level in more than a year …