Tag Archives: Euro

Trading was calm and tended to the negativity within the bearish path after the Euro found a resistance level around the psychological barrier of 1.1300, unable to breach it until now. Technically, by looking at the 4-hour chart, we notice the return of intraday trading stability above the 50-day moving …

The International Monetary Fund could be about to cut growth forecasts for the euro area as concerns over the omicron Covid variant and persistently higher inflation grow.The Fund said in October that it expected the euro zone economy to grow by 4.3% in 2022. Now, the institution has warned about …

Markets are still looking for developments in Omicron as well as awaiting US data. In a widely expected move, the People’s Bank of China (PBOC) slashed the banks’ Reserve Requirement Ratio (RRR) by 50bps on Monday. Eurozone’s investor sentiment keeps worsening in the final month of the year, the latest …

The dollar rose slightly on Monday, with US Treasury yields rising from their lowest in two and a half months hit last week, after news that initial observations showed that people with the new mutant of the Coronavirus Omicron had only mild symptoms. News from South Africa’s Omicron helped turn …

The single European currency ended last week’s trading sessions sideways, trying to rise. However, attempts are still limited due to the price stability below the 1.1375 resistance level. Technically, and by looking at the 4-hour time frame, we notice intraday trading stability above the 50-day moving average, which meets around …

The dollar rose on Friday against most major currencies, as traders positioned themselves ahead of the release of crucial US jobs data that could pave the way for an early Federal Reserve interest rate hike. The dollar index, which measures the performance of the US currency against six other major …

The technical outlook is unchanged, maintaining the negative stability against the dollar, witnessing intraday movements stable below 1.1330. On the technical side, the daily moves of the euro against the US dollar are stable below the resistance level of 1.1380. We notice the negative signs that started appearing on the …

The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed. European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are …

The economic recovery from a pandemic in the Eurozone is still incomplete and the recent inflation shock along with a new pandemic waves are endangering the rebound, European Central Bank policymaker Fabio Panetta said on Thursday.“The inflationary spike stemming from global supply shocks and the resurgence in the pandemic are …

Markets are awaiting the results of the OPEC meeting, as well as the US jobs report tomorrow. According to sources cited by Reuters, OPEC+ may as an option discuss hiking output by just 200K barrels per day (BPD) in January versus the current agreement which stipulates 400K BPD monthly output …