Tag Archives: Euro

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 …

The dollar rose on Thursday, January 7, hovering above its lowest level in nearly three years, after the Democrats won control of the US Senate, paving the way for a possible greater fiscal stimulus under President-elect Joe Biden. Currency markets were not affected much by the scenes of chaos in …

The negative moves continue to dominate the euro’s trading against the US dollar, surpassing the first target required to be achieved yesterday, located at 1.2330, to hit its highest level during the previous session at 1.2350. From the angle of technical analysis today, we find that the RSI indicator is …

The dollar fell on Wednesday as Democrats advanced in the run-off election that will determine who will control the US Senate and could pave the way for lavish spending under the administration of President-elect Joe Biden. The euro crossed a major resistance level, reaching a 32-month high, while the US …

The single European currency was able to touch the first official leg mentioned in the last report located at a price of 1.2300, to record its highest level during the previous session’s trading session at 1.2326. Technically, and with a closer look at the 60-minute chart, we find that the …

The dollar fell against a basket of major currencies on Tuesday after China raised the official exchange rate of the yuan to its highest level in 30 months, boosting demand for other currencies. The Bank of China set the official midpoint of the yuan at more than 6 per dollar …

Trading in Euro-denominated shares has moved on Monday from London to new platforms in the European Union (EU), after the completion of the Brexit and the United Kingdom (UK) leaving the European single market, Reuters reported. Banks and asset managers operating in member countries of the EU must use a …