Tag Archives: Euro

Energy and mining stocks led European stocks to rise on the last day of a week filled with major central bank decisions on monetary policy, as the US Federal Reserve set the tone for market expectations regarding the prospects for lowering interest rates. By 0805 GMT, the European STOXX 600 …

The euro displayed a favorable trading session against the US dollar, aligning with the anticipated upward trajectory and reaching the specified target of 1.1000, marking its peak at 1.1009 according to the latest technical report. Upon a meticulous examination of the 4-hour time frame chart in today’s technical analysis, it …

The US dollar has been softer despite the recent slew of US data, including Retail Sales and Jobless claims. The US Dollar Index dropped further on Thursday, extending the negative momentum that followed the FOMC statement. The dovish signals from the Fed have weighed on the US Dollar, which remains …

European stocks jumped on Thursday, supported by gains in real estate sector stocks and a decline in euro zone bond yields, as investors were optimistic about the US Federal Reserve’s hint to reduce borrowing costs in 2024 and awaited the European Central Bank’s decision. The European Stoxx 600 index rose …

After several consecutive sessions marked by a sideways price range confined between 1.0760 and 1.0800, the euro experienced a surge against the US dollar. This upward movement was supported by the decline of the dollar following the Federal Reserve Committee’s statement on stabilizing interest rates. From a technical perspective, the …

It indeed seems to be a busy week for central banks, with several major ones scheduled to report on their monetary policy decisions. The Federal Reserve (Fed) is set to lead the way with its two-day meeting starting on Wednesday, followed by the European Central Bank (ECB), Bank of England …

On Wednesday, European stocks navigated within a narrow range as investors exercised caution in making riskier bets ahead of the Federal Reserve’s decision on interest rates and the future trajectory of monetary policy. The European STOXX 600 index recorded a slight increase of 0.1 percent by 0810 GMT. This modest …

We have maintained a neutral stance for the third consecutive session, primarily due to conflicting technical signals and the pair’s trading range within the confines of 1.0760 as the lower boundary and 1.0820 as the upper boundary. Upon closer examination of the 240-minute time frame chart from a technical perspective, …

European stocks rose on Tuesday as investors took comfort from weaker-than-expected UK wage growth data and amid anticipation for a key US inflation report to be published later on Tuesday. The European STOXX 600 index increased 0.1 percent by 0814 GMT and is on track to record gains for the …

The EUR/USD pair remains ensconced in a narrow sideways trend, with its movements constrained below the robust support level of 1.0760 and above the resistance level of 1.0820. Upon closer examination of the 240-minute time frame chart from a technical perspective, the simple moving averages persistently exert downward pressure on …