Tag Archives: Euro

The European session was packed with data from Europe and the US, here’s a summary of today’s drivers The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the …

The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the lowest level in nearly a month, and the dollar traded during the day at levels between 93.32 and …

Positive trading dominated the Euro’s movements against the US dollar yesterday, after the European Central Bank President’s statements, reaching its highest level at 1.1692. On the technical side, the intraday trading stability is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports the rise and …

The European session witnessed some fluctuations today, Thursday, amid anticipation of US and German inflation data and the European interest decision. The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and …

US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …

Quiet trading dominated the euro’s movements against the US dollar within the expected bearish context, and the technical outlook did not change much. Technically, and by looking at the 4-hour chart, we notice the trading stability below the 1.1640 resistance level represented by the 23.60% Fibonacci correction as shown on …

European Commissioner for the Internal Market Thierry Breton said Tuesday that the decision to leave the European Union has resulted in an economic catastrophe for Britain. Breton‘s statements came during an interview with French broadcaster BFMTV.“Look at what’s going on with store shelves … with the restocking of fuel … …

During the currency market’s trading today, Tuesday, the New Zealand dollar recorded strong profits and was the most profitable major currency by about 1.63%, benefiting from some positive developments in the currency market, which positively affected its trading, especially the statements of New Zealand Reserve Governor Adrian Orr. During his …

The single European currency failed to confirm breaching the major resistance level published in the previous analysis, at 1.1680, over several consecutive sessions, which forced it to trade negatively again. Technically, and by looking at the 4-hour chart, we notice the trading stability below the psychological support level of 1.1600. …

The dollar fell on Monday, heading towards its lowest level in a month, as traders continued to focus on the prospects of rising interest rates and tightening monetary policy outside the United States. Currency markets were generally calm at the start of the week as traders awaited US growth data …