Tag Archives: Euro

The single European currency provides some temporary bullish bias after several consecutive falls against the US dollar, reaching its lowest levels around 1.1265. Technically, and by looking at the 4-hour chart, we notice the negative pressure coming from the 50-day moving average, which meets near the resistance level of 1.1440, …

Eurozone inflation will ease next year and there is no sign that investors or consumers expect runaway prices in the medium term, the European Central Bank’s chief economist said on Thursday.“We’re not seeing expectations de-anchoring to the upside,” Lane told an online event hosted by the U.S. Federal Reserve.“Right now …

The dollar retreated from its highest level in 16 months on Thursday and lost some of its gains against the euro and the Australian and New Zealand dollars, as investors assessed the latest rally in the US currency and whether it is starting to decline. The dollar rose in the …

According to acting Health Minister Jens Spahn, Wednesday, the current pandemic increased Germany’s economic dependency on China in many sectors.Spahn added that an open discussion is needed on how to reduce an over-reliance on Asia’s rising giant.“We have experienced and had to experience how dependent we have become on China,” …

The European session on Wednesday was mostly flat. Gold is now at $1,863.61 an ounce, up 0.7%, while gold contracts are at $1,865.7 an ounce, up 0.63%. As for the US dollar index DXY, which measures the currency’s strength against a basket of foreign currencies, it recorded 95.86, with a …

The dollar traded higher on Wednesday, benefiting from the strong retail sales during the previous session, while the Pound rallied after the release of sharp inflation that signaled a December rate hike from the Bank of England. The dollar index, which measures the greenback against a basket of six other …

The losses of the European single currency extended against the US dollar, as we expected, bypassing the second official leg of the current downside wave represented by our target 1.1300, recording its lowest level at 1.1263 during today’s Asian session. Technically, and by looking at the chart, we notice the …

The European session did not see strong moves and the markets were waiting for the retail sales from the US as well which came in better than expected. The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the …

The dollar rose in trading on Tuesday, ahead of the release of key retail sales data, while the Chinese yuan benefited largely from a friendly dialogue between the presidents of the United States and China during a virtual meeting. The dollar index, which measures the greenback against a basket of …

The single European currency extended its losses against the US dollar, within the descending wave that started several weeks ago, heading down, as we expected, approaching the awaited 1.1300, noting that breaking the 1.1400 level is the key to extending the decline. Technically, we find the euro settled below the …