Tag Archives: Euro

Attempts tended to the positive, witnessing the euro’s movements against the US dollar, building on the support level of the psychological barrier published in the previous analysis at 1.0500, to record a marginal rise to retest the 1.0590 level. On the technical side today, and with careful consideration on the …

The dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closings in China boosted the dollar’s safe-haven appeal. Against a basket of major currencies, the dollar index exceeded 104.19 for the first time since July 2002, continuing its rise by nine percent …

The pivotal supply zones published in Friday analysis at 1.0600 managed to limit the euro’s attempts to rebound upwards, which forced the pair to trade negatively again. Technically, by looking at the 4-hour chart, we notice the continuation of the negative features coming from the stochastic indicator, which is gradually …

The Fed hiked rates by 50 basis points. But Chair Jerome Powell’s comments briefly ignited a sharp rally across markets after saying that Fed wasn’t considering raising rates by 75 basis points in the near future. Assets rallied across the board on Wednesday after Powell’s comments; downplaying the likelihood of …

mixed trading Dominated the movements of the euro against the US dollar, approaching the realization of the idea of ​​the temporary rise referred to during the previous analysis at a price of 1.0640, recording the highest level at 1.0640. From the angle of technical analysis today, and carefully looking at …

Olli Rehn, one of the European Central Bank’s officials spoke out in favor of an interest-rate increase in July, suggesting a growing shift on the Governing Council toward such a move. The governor of the Finnish central bank is one of more dovish policy makers and member of the ECB’s …

A positive trading session dominated the EUR/USD moves despite the Fed’s 50bp hike in interest rates, the most significant rate hike in 20 years. Technically, we find the euro building on the psychological barrier’s 1.0500 support floor, in addition to breaching the 1.0530 level and by looking closely at the …

On Wednesday, the dollar index continued to retreat from its highest level in 20 years after it had already digested expectations that the Federal Reserve will raise interest rates by half a point later on Wednesday and about 250 basis points by the end of the year. Currency markets are …

On Tuesday, the euro settled near a five-year low against the dollar, ahead of a speech by European Central Bank President Christine Lagarde. The dollar fell slightly from its highest level in 20 years against a basket of currencies before an expected hike in the US interest rate this week, …

The Eurozone Unemployment Rate dropped to 6.8% vs. 6.7% expected and 6.9% reported in February, the latest data published by the Eurostat showed on Tuesday. The Producer Price Index (PPI) in the bloc rose to 5.3% MoM in March vs. 5% expected and 1.1% previous. On an annualized basis, the …