Tag Archives: Euro

The single European currency found a solid support floor around the main key published in the previous analysis, at 1.1260, Technically, the pair’s movements are witnessing stability above 1.1260, and the simple moving averages returned to hold the price from below, accompanied by some positive signs from the stochastic indicator. …

Traders await a very big week witnessing major regular monetary policymaking meetings by both the US Federal Reserve and the European Central Bank to decide the direction of their future monetary policy.Financial markets closely follow the upcoming outcomes of those two meetings, as they can turn out to be real …

We remained neutral during the previous report due to the conflicting technical signals, clarifying that the price should be monitored below at 1.1260 and above at the main demand point 1.1380. Technically, the current movements of the euro are witnessing stability below 1.1330, the resistance of the descending price channel …

Based on a Reuters poll, experts said that the US Federal Reserve will raise interest rates in the third quarter of the next year 2022, earlier than expected (in the fourth quarter) a month ago. Experts believe that the reason for this early change of the US Federal Reserve is …

The euro, sterling, and dollar prices stabilized on Thursday on hopes that some COVID-19 vaccines could neutralize the coronavirus mutated Omicron, and analysts say attention is once again focused on monetary policy. Some concerns related to the emergence of the Omicron mutant were eased when BioNTech and Pfizer said three …

The single European currency succeeded in achieving the gradual rise target referred to during the previous report, at 1.1330, recording its highest level at 1.1354, benefiting from the strong demand level of 1.1260. Technically, today, and with careful consideration on the 4-hour chart, we notice that the moving averages continue …

Olaf Scholz is now new German Chancellor. It is said that he feels extremely enthusiastic about the ideas he suggested years ago. Once, he described an agreement which he suggested saying that “it will really change the world”, so what other changes is Scholz capable for bringing about on the …

During Tuesday’s trading, the S&P 500 and Nasdaq recorded their best days since March, and the Dow Jones Industrial Average rose 492 points, supported by gains in Apple, Salesforce, and American Express. The S&P 500 also posted gains, up 2.1%, and the technology-focused Nasdaq Composite was the outperformer, gaining more …

The euro approached the first target that needs to be touched, at 1.1200, explaining that breaking the 1.1260 support level puts the price under negative pressure, targeting 1.1200, posting a low of 1.1220. Technically, the current moves are witnessing attempts to rise due to the return of stability above the …

Markets calm as fears of new coronavirus mutant, Omicron. Today, Japanese Finance Minister Shunichi Suzuki said that the Japanese government will stick to its goal of achieving a primary budget surplus by the fiscal year 2025 in Japan. Shunichi Suzuki stressed that the Japanese government is not considering setting a …