Yesterday’s trading session witnessed a mixed performance for the EUR/USD pair, with initial attempts to rally against the US dollar, reaching its highest point near the psychological barrier at 1.0800. However, the pair swiftly reversed course into a downward trend following the release of strong US inflation data, which bolstered …
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The dollar stands firm this Tuesday, holding its ground ahead of the eagerly anticipated US Consumer Price Index (CPI) figures. Traders are cautious, refraining from selling the dollar as recent adjustments by the US Administration to refine inflation metrics suggest potential underestimation of current CPI expectations. The National Federation of …
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European stocks experienced a slight decline on Tuesday as investors adopted a cautious stance in anticipation of the release of US consumer price data, a critical determinant of the US Federal Reserve’s interest rate trajectory. The European STOXX 600 index edged 0.2% lower from its two-year peak as investors assessed …
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Positive Momentum vs. Psychological Resistance In the early trading sessions of the week, the EUR/USD pair displayed bullish movements, challenging the significant resistance level at 1.0800. However, this psychological barrier prompted a retest of the robust support level at 1.0760, where the pair currently lingers. Technical Indicators at Odds Analyzing …
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Amidst optimism sparked by Wall Street’s milestone achievement, European stocks surged on Monday, echoing the Standard & Poor’s 500 index’s historic close above the five-thousand-point mark for the first time. Investors turned their attention to a mix of corporate earnings and economic indicators, eagerly anticipating cues for potential interest rate …
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European stocks saw a mixed but generally positive start to Friday’s trading session, with notable performances in certain sectors offsetting broader market dynamics. Here’s a breakdown of the key movements and factors shaping the early market activity: Modest Rise in European STOXX 600 Index At the open, the European STOXX …
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European stocks opened trading on Thursday with a mixed performance, marked by losses in shipping giant Maersk and AstraZeneca Pharmaceuticals, contrasted by the strong showing of basic consumer goods stocks such as Unilever. Market Overview The European STOXX 600 index settled at 485.55 points by 0827 GMT, reflecting a stable …
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Euro/Dollar Pair Navigates Quiet Trading Session with a Positive Bias In the previous trading session, the Euro/Dollar pair demonstrated a subdued yet favorable trajectory, aligning with the anticipated bullish momentum. Notably, the Euro commenced its advance towards the critical 1.0780 resistance level, indicating a potential breakthrough on the horizon. Establishing …
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Flat Opening European stocks kicked off Wednesday’s trading session with little change, as declines in Deutsche Post offset gains made by companies reporting positive earnings data. The STOXX 600 index hovered around 486.57 points by 0826 GMT. Upbeat Earnings from TeamViewer TeamViewer shares surged by 10.9 percent, claiming the top …
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The EUR/USD pair has demonstrated resilience as it found solid support near the 1.0720 level, initiating today’s trading session with a commendable effort to rebound. Currently, the pair hovers around the critical resistance level of 1.0765, reflecting the market’s ongoing battle for direction. Technical Analysis: Mixed Signals Amidst Intriguing Dynamics …
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