Tag Archives: Euro

European Central Bank President Christine Lagarde said that the eurozone economy is still on the verge of recovery this year, provided that the general isolation measures taken to confront the Corona pandemic are lifted at the end of March and the vaccines are distributed. Lagarde adhered to the expectations of …

The dollar suffered losses on Wednesday, as declining US yields weakened the momentum generated by its recent recovery and investors cautiously resumed bets that it could continue to slide. Against the euro, the dollar recorded its biggest daily decline in more than a month and declined more than 1% against …

The current movements of the euro are witnessing a slightly bullish bias, benefiting from building a base on the support floor of 1.2130, as part of attempts now to retest the resistance level at 1.2230. On the technical side, and with a closer look at the 240-minute chart, we find …

The dollar held on to four-day gains against major counterpart currencies on Tuesday, as prospects for a massive fiscal stimulus pushed US yields higher. US President-elect Joe Biden, who will take office on January 20, with his Democratic Party in control of both houses of Congress, promised “trillions” of additional …

The euro continues its gradual decline against the US dollar within the expected bearish context, touching the first target mentioned in the previous analysis at 1.2130, to hit its lowest level during the previous trading session at 1.2131. Technically, we find that the pair ended its daily transactions below the …

The dollar rose Monday, January 11th, with the rise in US Treasury yields and expectations of more fiscal stimulus, which pushed the US currency to rise against its competitors, while the euro fell to its lowest level in three weeks. US President-elect Joe Biden, who takes office on January 20 …

Negative trading dominated the euro’s movements against the US dollar, as we expected touching the official station mentioned in the previous report on Friday at 1.2170, recording its lowest trading during the Asian session at 1.2166. Technically, looking at the 240-minute chart, we find the simple moving averages continue their …

The dollar held on to its biggest gains in more than two months against the major counterpart currencies on Friday, January 8th, as high US bond yields abandoned some bets on the dollar’s decline. The US currency rebounded from its lowest level in nearly three years, while traders reaped profits …

The single European currency retreated during the previous session’s, nullifying the positive outlook, as we expected, in which we relied on trading stability above 1.2280, as a reminder that we mentioned in the previous report that any attempts to break the aforementioned support level will immediately stop the bullish tendency …

The European Central Bank said in a periodic economic bulletin that economic indicators for the eurozone indicate that the economy will contract in the last quarter of 2020. “Survey indicators point to a renewed contraction in an activity primarily affecting the services sector.” “Financial conditions in the euro area have …