Tag Archives: Euro

The euro maintained negative stability against the US dollar, continuing its negative creep gradually after it failed to maintain trading above the 1.0965 level. technically, by looking at the 240-min chart, the pair’s continued movement below the simple moving averages, in addition to the pivot below the previously broken support …

The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell. The euro remained near a one-month low of less …

The single European currency continues to move negatively against the US dollar, within the expected bearish context during the technical report issued yesterday, touching the target station of 1.0870, recording the lowest price at 1.0870. Technically, by looking at the 240-minute chart, we notice the regularity of movement within the …

As we expected, the single European currency found intense selling pressure against the US dollar, touching the official target at 1.0920, recording its lowest level around the psychological barrier of 1.0900. Technically, today, the negative pressure is still intact—the pair’s failure to maintain trading above the previously broken support-into-resistance around …

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 …