Tag Archives: Euro

The European session was largely quiet on Monday. Stock futures were mixed in early morning trading after US market indices closed at record levels on Friday after better-than-expected non-farm payrolls report for October. Futures on the Dow Jones Industrial Production Index rose 85 points, while the S&P 500 Index settled, …

The dollar was broadly flat on Monday and currency markets lacked momentum as investors weighed expectations of price volatility with the extent to which central banks could tolerate inflationary pressures. Last week, the Federal Reserve (the US central bank) stuck to its view that the current high inflation is expected …

The euro achieved the expected negative outlook we mentioned in the previous analysis within the gradual negative moving towards the awaited target at 1.1500, recording the lowest price of 1.1513 at the end of last week’s trading. Technically, by looking at the chart, the euro is trying to rebound upwards …

The European session witnessed the release of many market-moving data. Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, this reading came in better than the market expectation of 425,000. September’s print got revised higher to 312,000 from 194,000. The Unemployment Rate declined to 4.6% from 4.8% in …

The euro declined noticeably against the US dollar during the last trading session, within the bearish context, as we expected, touching the first target 1.1560, approaching by a few points, at the second target 1.1500, to settle for recording the lowest price of 1.1525. Technically, and by looking at the …

The markets saw some moves during the European session on Thursday. The main drivers of the markets were the British interest rate decision. The dollar rose again as the market continued after the FOMC meeting, with the dollar significantly outperforming all currencies except the yen. The Bank of England’s (BoE) …

The euro’s movements against the US dollar witnessed a bearish tendency, as we expected, to the downside, to reach its lowest level during the last session’s trading at 1.1560. Technically, the pair is now hovering near the resistance level of the psychological barrier at 1.1600. With a careful look at …

The dollar hovered near recent peaks against the euro and the yen on Wednesday as investors awaited the Federal Reserve’s start to scale back pandemic-era stimulus and how Chairman Jerome Powell handled inflationary pressures. The dollar index settled little changed at 94.11, close to the 2021 peak of 94.563 recorded …

The Euro retested the previously broken support level around the psychological barrier of 1.1600 and could not close above the mentioned level, maintaining the gradual bearish context. Technically, and by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day SMA, accompanied by …

The European session was fairly quiet as all eyes turned to the Fed’s after-hours statement. Oil prices fell during oil trading, as Brent crude in future contracts for January delivery lost 1.971% and reached 83.05 dollars a barrel, while the price of US crude reached 81.94 dollars a barrel in …