Tag Archives: Euro

European shares rose in early trade on Friday, eyeing gains for the third consecutive session as sentiment rose after expectations that central banks would tighten their policies more than they indicated. The pan-European Stoxx 600 index rose 0.3 percent by 0714 GMT, influenced by a rally on Wall Street in …

The single European currency succeeded in retesting the pivotal support level published during the previous report at 1.0660, which forced the euro to bullish retracement. As we expected, touching the first target 1.0740, heading to touch the official price target during the previous technical report at 1.0770, recording its highest …

European shares rose slightly on Thursday, supported by a rise in energy shares and the US central bank’s commitment to its path to raise interest rates, while sentiment was negatively affected as concerns related to slowing economic growth persisted. By 0840 GMT, the pan-European Stoxx 600 index rose 0.2 percent, …

Trading tilted to the negative trend that dominated the euro’s movements against the US dollar yesterday, but with limited negativity after the pair closed daily above the support level of 1.0670. Technically, the euro is hovering around the 1.0670 level, which is the strong support of the 61.80% Fibonacci retracement, …

The US dollar turned higher on Wednesday after two consecutive days of losses as the recent decline in US Treasury yields halted, and the dollar’s rally outpaced the euro and the New Zealand dollar that had earlier surged, driven by an announcement of tight monetary policy from the central bank. …

The US dollar turned higher on Wednesday after two consecutive days of losses as the recent decline in US Treasury yields halted, and the dollar’s rally outpaced the euro and the New Zealand dollar that had earlier surged, driven by an announcement of tight monetary policy from the central bank. …

European shares rose on Wednesday with positive data on German market sentiment as investors watched what central banks would do to tighten monetary policy amid growing concerns about slowing economic growth. The pan-European Stoxx 600 index rose 0.8 percent by 0714 GMT, supported by gains across all sectors. The index …

On Monday, Spot gold peaked at $1,865.38 a troy ounce, but the rally lost steam after Wall Street’s open, trading at around $1,851. The optimistic tone of equities undermines demand for the safe-haven metal, while the greenback remains out of investors’ radar. As we expected, the euro made a noticeable …

European shares fell on Tuesday, tracking declines in global stock markets as investors renewed concerns about slowing economic growth and monetary policy tightening due to business expansion data for May. The pan-European Stoxx 600 index was down 0.8 percent by 0818 GMT, giving up much of Monday’s 1.3 percent gain. …

The Euro provided a trading session in positive areas against the US dollar after it succeeded in building on the support floor of 1.0550 and the Euro’s success in breaching 1.0630, reaching its highest level during the previous trading session 1.0697. Technically, and by carefully looking at the 4-hour chart, …