Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single Euro currency was created. Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single European currency was created. According to the latest figures from …
Read More »Market Drivers – European Session 20-1-2022
Markets were waiting for the US data before making any aggressive bets. According to the accounts of the December European Central Bank monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out. There were 286,000 initial claims for unemployment benefits in the …
Read More »The dollar is falling as the rise in US bond yields stops
The dollar fell on Thursday as the rally in US Treasury yields stalled this week, while commodity-linked currencies such as the Canadian and Australian dollars rose amid rising commodity prices and optimism about global economic growth. The euro and sterling rose gradually to catch a breath after they suffered the …
Read More »The Euro is Looking For New Signals 20/1/2022
The moves of the single European currency showed sideways movements that tended to the upside, building on the support of the psychological barrier 1.1300, and the pair is now hovering around its highest level during the early trading of the current session 1.1350. Technically, by looking at the 4-hour chart, …
Read More »Market Drivers – European Session 19-1-2022
Data released today by Statistics Canada showed that the inflation index grew as expected for the third consecutive month in December, as the consumer price index fell by 0.1% in December, in line with market expectations, but less than the previous reading, which recorded an increase of 0.2 % last …
Read More »European Stocks Fall at The Beginning of Trading, With Global Stock Market Losses
European shares fell at the beginning of Wednesday’s trading, led by shares of food and beverage companies and with global stock markets losses. Economic data in the UK revealed that inflation rose to a 30-year high in December at 5.4%, exceeding analysts’ expectations of 5.2%. “We’re hearing a lot of …
Read More »The Euro Touches The Initial Targets 19/1/2022
Within the expected bearish context, the single European currency declined significantly against the US dollar. Therefore, we relied on confirming the breach of 1.1370, explaining that this opens the way to visit the first target, 1.1320, to record the euro as low as 1.1315. Technically, today, and by looking at …
Read More »Jet Fuel Prices Rise in Europe
Prices in the European jet fuel market rose sharply, with global air traffic resisting the influence of the omicron variable. According to Bloomberg, one of the most important measures of the fuel market, which is the difference between diesel, rose last Friday to its highest level since September 2019, long …
Read More »Euro is Facing Negative Pressure 18/1/2022
Negative trades returned to dominate the euro’s movements against the US dollar, after it found a strong resistance level near 1.1480, to start the first weekly trading on a bearish slope. It is now hovering around the psychological support level of 1.1400. Technically, and carefully looking at the 4-hour chart, …
Read More »The dollar is stable, traders are reassessing their bets on raising interest rates
The US dollar fell somewhat on Monday as traders believed the US Federal Reserve’s rate hike steps had already been absorbed while the euro retreated from Friday’s two-month high. The Chinese central bank’s sudden cut in key lending rates has highlighted the bank as a tweeter out of the fray …
Read More »