Tag Archives: Euro

The technical outlook for the EUR/USD pair remains consistent with a gradual upward trend, with no significant deviations observed as it endeavors to sustain its upward trajectory. Upon closely examining the 240-minute timeframe chart, it is evident that the simple moving averages continue to support the price from below, reinforcing …

The U.S. dollar remained relatively stable amidst turbulent trading on Tuesday, initially strengthening earlier in the global session. However, it later retraced its gains following the release of data indicating higher-than-expected inflation in the world’s largest economy. Following the data release, the greenback experienced an initial surge but subsequently declined. …

Japanese Officials’ Comments Dampen Expectations of Policy Shift The yen experienced its most substantial daily decline against the dollar in a month on Tuesday, following remarks from Japanese officials that tempered expectations of an imminent shift in monetary policy by the Bank of Japan (BOJ). Dollar Stable Ahead of US …

Market Optimism Supported by Corporate Performance European shares commenced trading on a positive note on Tuesday, buoyed by robust corporate earnings, while investors remained attentive to forthcoming U.S. inflation data for insights into the Federal Reserve’s stance on interest rate adjustments. STOXX 600 Approaches Record High The pan-European STOXX 600 …

The EUR/USD pair has been exhibiting a relatively subdued trading pattern with a slight inclination towards positive movements, consistently testing the robust resistance level positioned at 1.0960, which it has yet to breach. Examining the technical landscape today, particularly on the 240-minute timeframe chart, it is evident that the simple …

The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …

Bitcoin Hits New Record High, Dollar Remains Under Pressure The yen continued its ascent on Monday, buoyed by an upward revision in Japan’s growth figures, which fueled speculation that interest rates could see an increase this month. Meanwhile, bitcoin soared to a new record high above $71,600, adding to the …

Early European Trading Reflects Dollar’s Slip In the early hours of European trade on Monday, the U.S. dollar continued its descent, hovering near two-month lows as market participants awaited crucial U.S. inflation data for insights into the timing of potential interest rate cuts by the Federal Reserve. Dollar Index Declines …

Continued Decline Mirrors Asian and Wall Street Trends European stock markets sustained losses on Monday, echoing the downward trajectory witnessed in Asian markets overnight and fueled by Friday’s downturn on Wall Street. The impending release of pivotal U.S. inflation data added to the prevailing apprehension among investors. European Indices Under …

European stocks commenced Friday’s trading session with a muted performance as a surge in energy stocks countered cautious investor sentiment ahead of pivotal economic data releases from both the euro zone and the United States. STOXX 600 Holds Steady The European STOXX 600 index remained stable as of 0816 GMT, …