Tag Archives: Euro

European stocks surged on Tuesday, reaching their highest levels in over a week, driven by strong corporate earnings that instilled confidence among traders. The technology sector spearheaded the gains, with the Financial Times index in Britain hitting its all-time high. As of 0712 GMT, the European STOXX 600 index climbed …

The EUR/USD pair exhibited minimal change during the initial trading sessions of the week, trading within a sideways range. The pair’s price continues to maintain negative stability below the 1.0715 resistance level. In terms of technical analysis today, a closer examination of the 4-hour timeframe chart reveals the simple moving …

European stocks opened higher on Monday as investors awaited the earnings reports of several major banks. Notably, shares of Portuguese company GALP surged to their highest level in 16 years following positive results from gas exploration in Namibia. As of 0716 GMT, the European STOXX 600 index had risen by …

Negative sentiment returned to dominate the movement of the Euro/Dollar pair towards the end of last week’s trading. Despite several attempts, the pair struggled to sustainably breach the psychological resistance level at 1.0700. As trading commences this week, the pair is seen exerting downward pressure, testing the support level at …

European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …

The euro’ rebound is unable to rise over 1.0647, down -0.24%, as ECB policymakers hint at a rate cut in June. Strong employment numbers in the US and some hawkish remarks made by Fed’s Williams have given the USD a new lease on life. The EUR/USD exchange rate is still …

In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …

On Thursday, European stocks witnessed a rise, buoyed by the industrial sector’s performance, fueled by positive results from ABB Group. However, Sartorius shares faced a significant decline on the German stock exchange following a quarterly drop in orders. The European STOXX 600 index advanced by 0.2 percent as of 0717 …

European stocks stabilized on Wednesday, hovering near their lowest levels in more than a month, with the spotlight on the quarterly earnings reports of companies such as (ASML), (LVMH), and (Adidas (ETR:ADSGN)). At a time when investors are monitoring developments in the Middle East. The European STOXX 600 index stabilized …

European stock indices dipped to their lowest levels in nearly six weeks on Tuesday as traders veered away from high-risk assets amidst escalating geopolitical tensions in the Middle East. Meanwhile, Ericsson shares soared to the pinnacle of the main index following encouraging business results. As of 0718 GMT, the European …