The euro and the yen rose on Thursday, reversing a wave of recent losses incurred by the two currencies against the dollar, and the Swiss franc reached a one-month high against the euro after inflation in Switzerland climbed to a 14-year high. In Asian trading, the dollar rose to a …
Read More »Euro breaks support 2/6/2022
The single European currency declined during the previous session’s trading within the expected bearish path during the last analysis, in which we relied on breaking 1.0670, heading towards touching the first required target at 1.0625, recording its lowest level at 1.0627. Technically, and by looking at the 4-hour chart, we …
Read More »The dollar rises against the euro and hits a two-week high against the yen
The euro moved further away from its monthly high on Wednesday and the dollar rose, supported by higher US Treasury yields as global inflation fears escalated again. The dollar index, which measures the performance of the US currency against six major currencies, including the euro, rose 0.2 percent to 101.96, …
Read More »European shares rise slightly thanks to the rise of banking and auto shares
European shares opened slightly higher on Wednesday, boosted by a rally in bank and auto stocks, but negative data raised fears of slowing economic growth and capped gains. The pan-European STOXX 600 index started the month higher, adding 0.3% by 0716 GMT, after closing down 0.7% on Tuesday, as the …
Read More »The euro hovers around the pivotal levels 1/6/2022
Amid quiet trading, the single European currency maintained its positive stability within the expected bullish path during the previous analysis, with a gradual rise towards the required target of 1.0800, recording the highest during the last session’s trading of 1.0787. Technically, today, the current movements of the pair are witnessing …
Read More »Eurozone inflation highest since 1999
The economic consequences of Russia-Ukraine conflict include price surge in Germany hitting a record and inflation in Estonia topping 20 percent. In Spain, the annual inflation has reached 8.5 percent.In Germany, starting June, for example, the government will offer reductions for the price of gas at the pump and a …
Read More »The euro continues its losses after inflation data
The euro extended losses on Tuesday after data showed that inflation in the eurozone hit a record high in May, but expectations that the European Central Bank will raise interest rates soon kept the single European currency on track for its best monthly performance in a year. Inflation in the …
Read More »Eurozone Preliminary Inflation surges 8.1% YoY in May
The annualized Eurozone Harmonised Index of Consumer Prices (HICP) soared by 8.1% in May vs. the previous reading of 7.4%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a reading of 7.7%. The core figures arrived at 3.8% YoY in May when compared to …
Read More »German stocks lead European shares decline
German stocks led European stock markets lower on Tuesday after a bigger-than-expected rise in inflation in Germany, the region’s largest economy, raised fears of tightening measures from central banks. Investors are now awaiting annual inflation data in the eurozone for the month of May, which is expected to be released …
Read More »The euro faces a re-test scenario 31/5/2022
Amid quiet trading, the single European currency maintained its positive stability within the expected bullish path during the previous analysis, with a gradual rise towards the required target of 1.0800, recording the highest during the last session’s trading of 1.0787. Technically, today, the current movements of the pair are witnessing …
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