Tag Archives: Euro

Quiet trading tilted to the positivity that dominated the movements of the euro against the US dollar amid the absence of US markets yesterday to find the pair trying to establish a support floor around 1.0470, which forced it to rebound to the upside. Technically, the current moves are witnessing …

The euro rose on Monday as markets focused on the European Central Bank’s anti-fragmentation tools in the eurozone, even as French President Emmanuel Macron lost an outright majority in legislative elections. The final results showed that Macron’s “Together” alliance obtained the largest number of votes in the National Assembly elections, …

The Japanese yen fell 1.9% on Friday after the Bank of Japan bucked a wave of monetary tightening and stuck to an ultra-low interest rate, while currency markets looked poised for another choppy session after a series of rate hikes this week. The surprise decision of the Swiss National Bank …

European shares rose on Friday but headed for sharp weekly losses after a series of interest rate increases from major central banks fueled fears of a sharp economic slowdown. The pan-European Stoxx 600 index rose 0.8 percent in volatile trading, but it is still heading for a weekly decline of …

The previous trading session witnessed the performance of the single European currency, which achieved a noticeable rise to reflect the expected negative outlook during the last analysis, in which we relied on the stability of trading below the pivotal resistance level of 1.0500 and, most importantly 1.0550. We indicated during …

“The European Central Bank’s (ECB) decision to hike the interest rate is inevitable”, Italian Prime Minister Mario Draghi said on Thursday.“ECB interest rise is bound to be more gradual than in the US,” Draghi added and said that it was totally counterproductive for politicians to comment on the ECB’s policy.As …

After the US unemployment data today recorded negative results compared to what analysts expected, recording a decrease of 3000 last week, the market risk appetite was affected. Risk appetite increased on the US dollar during today’s trading after the Federal Reserve’s interest statement yesterday, which announced the US Central Bank …

European shares fell on Thursday after the US Federal Reserve’s decision to raise interest rates bolstered fears of a possible recession at a time when global economies are facing soaring inflation. The pan-European Stoxx 600 index was down 0.4 percent by 0710 GMT, although European stock futures recovered overnight after …

The European currency witnessed typical trading during the previous trading session to test the bullish target of 1.0485, recording the highest level at 1.0510, and returning to the main bearish trend again, approaching a few points from the official descending station at 1.0350, recording its lowest level at 1.0360. Technically …

European Central Bank President Christine Lagarde said on Wednesday that crises are never the same twice and that they must have the courage to act when facts are not clear, as reported by Reuters.“We cannot just be bold, we must be consistent too,” Lagarde added and said that they must …