Tag Archives: Euro

The dollar rose to a two-year high on Tuesday while the euro fell to its lowest level since March 2020, as concerns about the economic impact of China’s anti-Covid-19 lockdowns and expectations of a US interest rate hike supported the greenback. The dollar index, which measures the performance of the …

The US dollar rose to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set to post its biggest three-day losing streak in nearly four years on growing fears of an economic slowdown in China. With the war in Ukraine …

The single European currency continues to lose against the strength of the US dollar within the expected bearish technical outlook during the previous analysis, explaining that we are waiting for confirmation of breaking 1.0800 to visit 1.0750 as a first target settled a low at 1.0770. Technically, and by looking …

French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent President Emmanuel Macron and rival Marine Le Pen.Centrist Macron was seen taking the lead against his far-right opponent in the final day of campaigning, taking a 57.5% …

European shares fell as traders intensified their bets on raising the interest rate after statements tending to tighten from central bank officials, while shares of the German software giant SABB and French luxury goods Kering fell after the two companies announced the results of the first quarter of the year. …

The euro fell on Friday after officials from the European Central Bank made mixed statements, while the dollar was supported by expectations of a 50 basis point interest rate hike from the Federal Reserve. European Central Bank President Christine Lagarde gave some indication of easing by saying that the bank …

The single European currency managed to target retesting at 1.0920, recording a high of 1.0936, to return to trading with noticeable negativity due to hitting the resistance level. On the technical side, the euro’s moves returned to stability below the resistance level of 1.0880, most importantly below the psychological resistance …

The euro rose to a one-week high on Thursday as market expectations crystallized that the European Central Bank would implement its first interest rate hike as soon as July. European Central Bank President Joachim Nagel joined other policymakers this week in saying the bank may raise interest rates at the …

Eurozone’s Inflation rose 7.4% in March, on a yearly basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading disappointed expectations of 7.5% while against the 7.5% previous. Core figures rose by 2.9%, missing the 3.0% market estimates.

We adhered to intraday neutrality during the previous analysis, explaining that we prefer to monitor the price behavior of the pair around the 1.0770 support level, explaining that the pair’s success in building the level above, in addition to confirming the breach of 1.0840, leads the pair to recover, targeting …