Tag Archives: Euro

EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …

Gold against the EUR is trying to extend its weekly uptrend for seven successive days, trading at €1,627 during the New York session.Early in the Asian session, the precious metal retreated to give back some of its weekly gains, as bears pushed gold towards the 50-simple moving average on the …

The dollar is set to record its best weekly performance in nearly 5 months against major currencies on Friday, amid bets that the US Federal Reserve will raise interest rates early, after data this week showed the fastest pace of inflation in the United States in 3 decades. The dollar …

As we expected in the previous report, the euro continues to move negatively against the US dollar, gradually approaching the official target of 1.1400, recording a low at 1.1436 during the Asian session. Technically, and with careful consideration on the 4-hour chart, the price is still moving below the 50-day …

Germany was once looked upon as a best example of how to deal with the coronavirus. Now, it is recording close to 50,000 new Covid cases a day, prompting a dire warning of a dramatic rise in fatalities during the fourth wave of Covid, as the delta variant spreads as …

There were no major market movers during the European session. The dollar jumped to its highest level in 16 months against the euro and other major currencies on Thursday, while the yen fell towards its lowest levels in several years, after the highest inflation reading in the United States in …

The dollar jumped to a 16-month high against the euro and other major currencies on Thursday, while the yen slipped toward multi-year lows, after the highest US inflation reading in 30 years boosted bets on higher interest rates. Data showed consumer price growth in the United States at the fastest …

The movements of the European single currency witnessed a noticeable decline against the US dollar within the expected negative outlook in the previous report. Therefore, we relied on trading stability below the resistance level of 1.1610, heading towards the official target station 1.1500, recording the lowest price of 1.1465. Technically, …

A 4 EUR billion sale of new debt bonds on Wednesday showed investor demand is still strong for the sovereign.This strong demand comes despite concerns mount about the state of the corporate bond market domestically.However, China missed a trick by not issuing a green tranche, as it had suggested was …

Markets were waiting for US inflation data, which came in better than expected. Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday, surpassing the market …