Tag Archives: Euro

The EUR/USD pair kicked off the week with a notable surge, reaching a high of 1.0880 during today’s morning trading session. Technical Analysis Supports Upward Momentum A close examination of the 4-hour chart reveals a bullish scenario. The simple moving averages have aligned to support the prevailing daily upward trend. …

Bitcoin closed on an upward trajectory, driven by news of collaboration between Argentina’s Securities and Exchange Commission and El Salvador. The two countries are exploring further adoption of cryptocurrencies. BTC’s global spread closed at $69,528 per unit, slightly higher than the previous day’s closing price of $68,489. However, the larger-cap …

European stock markets opened the week on a subdued note, with many major markets closed for the holiday. Investors exercised caution ahead of crucial inflation data releases from both the U.S. and Europe, scheduled for later this week. The pan-European STOXX 600 index dipped slightly by 0.02% as of early …

European stock markets declined on Friday, mirroring the global negative sentiment driven by worries over sustained high interest rates and their potential impact on economic activity. Market Performance At 03:10 ET (07:10 GMT), the DAX index in Germany traded 0.9% lower, the CAC 40 in France fell 0.6%, and the …

European stocks edged higher on Thursday following upbeat forecasts from AI giant Nvidia, boosting global chipmakers. Investors awaited the latest business surveys to assess the euro zone economy’s outlook and interest rate trajectory. The pan-European STOXX 600 index rose 0.2%, with the tech index leading sectoral gains with a 1.2% …

The EUR/USD pair maintained its bearish trajectory in the previous session, trading negatively below the 1.0875 resistance level and reaching a low of 1.0817. Technical Analysis A closer examination of the 240-minute chart reveals: Stochastic Indicator: Provides negative signals, supporting the potential for further decline.Moving Averages: Negative intersection of simple …

During the previous trading session, the EUR/USD pair exhibited predominantly sideways trading with a bearish bias, failing to breach the 1.0875 resistance level and consequently recording a lower peak. Technical Analysis A closer examination of the 240-minute chart reveals several bearish signals: Stochastic Indicator: Currently providing negative signals, indicating the …

The federal statistics office reported on Tuesday that German producer prices fell more than anticipated in April, driven primarily by a significant drop in energy prices. Producer prices decreased by 3.3% year-on-year, exceeding analysts’ expectations of a 3.1% decline, according to a Reuters poll. Energy Prices Lead the Decline Energy …

The Eurozone will shortly release its inflation data. This information holds significant importance as it directly influences price movements in financial markets. Additionally, it plays a crucial role in shaping the trajectory of the Euro (the unified European currency) and impacts price actions in European stocks during the upcoming session.According …

EUR/JPY continues to rise, up 0.23% at the time of writing, due to a wide interest-rate differential between the Eurozone and Japan, which favours the Euro over the Japanese Yen. The absence of direct intervention by Japanese authorities to strengthen the Yen in early May has led to the pair …