Tag Archives: Euro

The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed. European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are …

The economic recovery from a pandemic in the Eurozone is still incomplete and the recent inflation shock along with a new pandemic waves are endangering the rebound, European Central Bank policymaker Fabio Panetta said on Thursday.“The inflationary spike stemming from global supply shocks and the resurgence in the pandemic are …

Markets are awaiting the results of the OPEC meeting, as well as the US jobs report tomorrow. According to sources cited by Reuters, OPEC+ may as an option discuss hiking output by just 200K barrels per day (BPD) in January versus the current agreement which stipulates 400K BPD monthly output …

The US dollar index, which measures its performance against a basket of six major currencies, declined 16 points during today’s trading, to record 95.87 points, and traded during the day in a range between 95.87 and 96.14 points, thus 0.93% lower than its levels five days ago. The dollar received …

Limited sideways trading that tended to the negativity dominated the euro’s movements against the US dollar, maintaining the regular bearish context working within the descending price channel. On the technical side, the current moves of the euro against the US dollar are settling below the resistance level of 1.1380, and …

Appetite for safe-haven assets has picked up in recent trade amid a deterioration in US shares due to retreating market sentiment.EUR/JPY has been tilting lower and looks for direction to end the day with losses of about 0.5%. The first Omicron Covid-19 infection has identified in America and, shares reacted …

OPEC expected the oil surplus to increase to 2 million bpd in January, 3.4 million bpd in February and 3.8 million bpd in March 2022. The Organization of the Petroleum Exporting Countries, through a leaked document during today’s meeting, said that the demand for transport fuels in Europe may also …

We stayed on the fence during the previous technical report due to the conflicting technical signals, explaining that reactivating the buying positions requires breaking the 1.1330 resistance level, which is a catalyst that helps consolidate gains to retest 1.1375/1.1370, recording the highest 1.1380. On the technical side today, the current …

The EUR/USD fell during the New York session, on Federal Reserve Chairman Jerome Powell’s remarks in a testimony before the Senate Committee on Banking and Housing.At the beginning of the Q&A session, the EUR/USD pair was trading around the 1.1370s but plummeted to 1,1240s on remarks of Jerome Powell.Jerome Powell …

The entire market was focused on Coronavirus mutant headlines statements of Moderna. The World Health Organization has warned of a very high risk of infection from Omicron, as some countries have already tightened border controls. However, US President Joe Biden said the US would not restore lockdowns, giving investors’ confidence …