Tag Archives: Euro

: European Markets Await ECB Guidance Amidst Positive Corporate Results European stocks opened on a positive note on Friday, buoyed by robust earnings reports from companies such as Standard Chartered and BASF. However, traders exercised caution ahead of statements from policymakers at the European Central Bank (ECB), including President Christine …

The EUR/USD pair has successfully reached the initial target outlined in our previous technical analysis, hitting 1.0860 and peaking at 1.0888. Upon examining the 4-hour chart, it’s evident that the level of 1.0860 is exerting downward pressure on the pair, prompting a potential retest of the psychological support barrier at …

European stocks soared to a new record high on Thursday, buoyed by a robust performance in global equities, notably with Japan’s Nikkei index reaching unprecedented levels. The European STOXX 600 index surged to 495.77 points, surpassing its previous peak of 495.46 points set in January 2022. This surge was fueled …

In the dynamic world of forex trading, the Euro/Dollar pair maintains its upward trajectory, demonstrating quiet yet positive trading sessions. During yesterday’s session, the pair reached its pinnacle at 1.0832, showcasing a bullish stance. Technical Analysis Insights Delving into the technical analysis realm today, a closer examination of the 4-hour …

European stocks experienced a downturn on Wednesday, primarily influenced by a drop in banking stocks following disappointing business results from HSBC. Investors also awaited data on consumer sentiment in the euro zone, further contributing to market uncertainty. Banking Sector Leads Decline:The banking services sector witnessed a notable 1 percent decline, …

The dollar experienced a broad decline on Wednesday, influenced by a global downturn in Treasury bond yields. Traders eagerly awaited the release of the Federal Reserve’s latest policy meeting minutes, seeking insights into the central bank’s stance on interest rates. Yen Strengthens as Dollar Dips Below 150:In Asian trading, the …

During the previous trading session, the Euro/Dollar pair witnessed predominantly positive trades, aligning with the anticipated bullish trajectory towards the official target of 1.0860. The pair reached its highest level at 1.0840, reflecting the strength of the upward movement. Technical Analysis Outlook From a technical standpoint today, examining the 4-hour …

European shares started on a downward trajectory on Tuesday, influenced by uncertainties surrounding potential wage settlement increases in the euro zone, which could delay anticipated interest rate cuts. Additionally, China’s decision to cut mortgage interest rates failed to inspire optimism among investors. STOXX 600 Index Slips The European STOXX 600 …

On Tuesday, the dollar exhibited strength, maintaining its position above 150 yen amidst expectations of prolonged higher US interest rates. This occurred against the backdrop of Japan’s economic recession and market skepticism regarding Tokyo’s imminent monetary easing policy adjustment. China’s Mortgage Rate Cut Draws Trader Attention Early Tuesday, China’s decision …

The EUR/USD pair experienced minimal fluctuations yesterday in the absence of US markets, as it made quiet attempts to achieve modest gains. Technical Analysis Highlights Euro’s Efforts to Break Resistance Today’s technical analysis reveals the euro’s endeavor to surpass the formidable resistance level situated at 1.0765, a crucial determinant of …