The US dollar sharply fell on Tuesday, following remarks by US Fed Chair Jerome Powell. In the hearing before the Senate on the occasion of his re-nomination for a second term, the US central bank Chief mixed hawkish view of the economy with watchful approach to the federal balance sheet …
Read More »European shares rise, buoyed by a Rebound in Technology Shares
European shares rose on Tuesday, with investors returning to the technology sector after declining for seven days due to fears of rising interest rates. A group of positive corporate results also supported stocks. The pan-European Stoxx 600 index rose 1.1 after US stocks rose in late trading, supporting Asian stocks. …
Read More »The Dollar is Falling Before Powell
The dollar fell on Tuesday but remained within its recent swing range as investors awaited a speech by US Federal Reserve Chairman Jerome Powell at a session of Congress later on Tuesday. European shares rose in early trading after a rebound in late trading in the US stock market, while …
Read More »The Euro Needs to Confirm The Positivity 11/1/2022
The positive attempts of the euro against the US dollar continue for the second consecutive session, trying to move away from the psychological support level of 1.1300 and, most importantly, 1.1280. Technically, looking at the 4-hour chart, we notice positive crossover signs that started appearing on the stochastic indicator. By …
Read More »The Dollar Rises Slightly as The Chances of a US Interest Rate Hike Increase in March
The dollar rose somewhat on Monday as expectations increased that US inflation would support the prospects of a US interest rate hike, while the European Central Bank’s dovish stance weighed on the Euro lower. The dollar witnessed selling at the end of last week due to weaker-than-expected data on new …
Read More »European Shares Fall on Fears of a Rate Hike
European shares fell in early trading on Monday, after last week’s first weekly decline in three weeks, amid rising Covid-19 infections and increasing uncertainty over the course of interest rates. The pan-European STOXX 600 index fell 0.4 percent at 0830 GMT, weighed down by falls in the real estate, technology …
Read More »Euro is in a Sideways Range 10/1/2022
Positive trading dominated the euro against the US dollar, but it is still limited within a sideways range between the support level of 1.1300 and below the main resistance level of 1.1380. Technically, looking at the 4-hour chart, we notice that the price is moving above the 50-day moving average, …
Read More »Eurozone Inflation Soars To Record 5 Percent,
Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …
Read More »European Shares Decline Before Important Data
European shares fell on Friday, as cautious investors awaited US jobs data and eurozone inflation for indications of the pace of major central banks tightening monetary policy. By 0819 GMT, the pan-European Stoxx 600 index was down 0.2 percent. The chemical and travel sectors faced pressure and fell for the …
Read More »The Euro is Pressing on Support 7/1/2022
Sideways bias dominates the movements of the EURUSD, between 1.1280 and 1.1350, and the negativity remains. Technically, and carefully looking at the 240-minute chart, we notice that the 50-day moving average is still a negative pressure factor on the price, accompanied by the clear negative features on the stochastic indicator. …
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