Tag Archives: Euro

In early trading on Wednesday, European stocks stabilized, with positive gains offsetting losses, ahead of the release of key economic data for the euro zone and Federal Reserve Chairman Jerome Powell’s testimony before Congress. The European STOXX 600 index remained steady at 0809 GMT, showing signs of stability. The basic …

The technical outlook for the EUR/USD pair remains consistent, with no significant deviation from the previous analysis. The pair continues to trade within the established sideways price range, bounded by support near 1.0800 and resistance around 1.0860. Examining the 4-hour chart, we observe that the 50-day simple moving average continues …

At the start of trading on Tuesday, European stocks faced a downturn, echoing the performance of Asian stocks, as investors remained cautious amidst pledges from China that failed to bolster market sentiment. This cautious sentiment prevailed ahead of the release of key economic data from both the euro zone and …

The EUR/USD pair has exhibited a slight upward bias during the initial trading sessions of the week. However, this upward momentum has been limited, with the pair struggling to consolidate above the key resistance level of 1.0860. On the technical front, analyzing the 4-hour time frame chart reveals that the …

Economists expect the EUR/USD exchange rate to end the year at 1.1000. Limited upside potential is also suggested.Economists see limited upside potential for EUR/USD this year. By the end of the year, economist expect prices to be around 1.1000. The Euro is likely to appreciate slightly over the next few …

European stocks kicked off the week with little change as investors maintained caution ahead of the upcoming European Central Bank (ECB) monetary policy meeting later in the week. Although a rise in technology stocks partly offset losses in other sectors, the overall sentiment remained flat. The European STOXX 600 index …

Eurozone inflation moderated in February, falling to its lowest level since November. Despite the slowdown, inflation remains above analysts’ expectations, posing a challenge for the European Central Bank (ECB) amidst speculation about future rate hikes. Key Inflation Figures: Eurostat Data Highlights Eurostat data revealed that the consumer price index rose …

European stocks kicked off the month on a positive note, buoyed by gains in global markets fueled by encouraging US inflation data. Investors are optimistic about the prospects of inflation easing in the euro zone and are closely monitoring monetary policy signals. Market Performance: STOXX 600 Index Climbs The European …

European Markets Show Modest Gains Amid Anticipation of Key Economic Data European stocks opened slightly higher on Thursday, with the STOXX 600 index edging up by 0.2 percent by 0820 GMT. Materials stocks led the gains as investors braced for the release of crucial US inflation data, which could provide …

In the previous technical report, we maintained an intraday neutral stance due to conflicting technical signals, highlighting the significance of breaching the psychological barrier support at 1.0800 as the initiation of a downward trend in the immediate term. Today’s technical analysis reveals that the EUR/USD pair has managed to stabilize …