Tag Archives: Euro

The dollar fell as growth-linked currencies rose after the Chinese yuan climbed to a one-week high on news that US President Joe Biden and Chinese leader Xi Jinping spoke for the first time in seven months. The White House said in a statement that Biden and Xi had a “broad …

The euro saw positive trades during the previous trading session, but the positivity is still limited, and the current intraday movements are still below the resistance level of 1.1840. On the technical side today, and by looking at the 4-hour chart, we find the 50-day moving average that constitutes an …

The euro rose before an expected reduction in the pace of the European Central Bank’s bond buying, while the dollar held on to its recent gains, as concerns about the global economy pushed traders towards currencies that are considered safer. The euro rose 0.1 percent to $1.1825 after falling for …

The euro managed to touch the first bearish target published in the previous analysis at 1.1800 to record its lowest level at 1.1802. Today, the technicals indicate the possibility of resuming the decline due to the continuation of the negative pressure coming from the 50-day moving average and the stability …

The US dollar continued to rise during trading on Wednesday for the third consecutive day, after the strong decline that it recorded at the end of last week, on the back of negative economic data in the United States last August. The statements of the members of the US Federal …

Negative trading dominated the euro’s movements against the US dollar during the previous trading session. It failed to breach the pivotal resistance level at 1.1880, which forced it to trade negatively to retest the 1.1845 support level. On the technical side today, we find the euro starting to press on …

The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), for the second consecutive session. The EUR/USD pair lost 0.24% to reach 1.1843. The pair marked its worst daily performance since August 19, a day after its first loss since August 26. It is worth noting that the …

The dollar found support on Tuesday, September 7th, as investors awaited the European Central Bank meeting and US data to learn about policy expectations, while the Australian dollar rose briefly after the Reserve Bank of Australia stuck to its plans to reduce bond purchases. The US currency curbed the euro …

The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), registering its first loss in seven sessions. The EUR/USD pair slipped by 0.06% to reach 1.1872, maintaining the 1.870 level, but remaining lower year to date by about 2.82%. This was the first and largest loss for the …

The dollar rose in early European trade on Monday, but remained near a one-month low, as Friday’s disappointing jobs report dampened expectations of an early tapering. At 9:04 am GMT, the DXY dollar index, which measures the greenback against a basket of six other currencies, rose 0.15% to 92.25 points, …