Tag Archives: Euro

Thursday was the day of robust data. Strong data, rate cut bets bolstered the US dollar again. Another positive set of results in US key indicators boosted the upside bias in the US dollar and underpinned the tighter-for-longer narrative around the Fed. The same view seems to emerge around the …

The Euro declines versus the majority of its major currency peers as most Euro investors adjusted their position. Both the Federal Reserve and the European Central Bank have made a major verbal effort to dampen market expectations for a faster rate-cutting pace. Both European and American policymakers issue a warning, …

The EUR/USD pair experienced a session leaning towards negativity, aligning with the anticipated bearish trajectory from the previous report and reaching a low of 1.0844. From a technical standpoint today, examining the 4-hour timeframe chart reveals the pair’s attempt to establish positive stability above the 1.0860 support level, marked by …

Annual inflation in the euro zone increased to 9.2% in December 2023, marking a notable rise from its lowest level in over two years, which was 2.4% in November. This upward movement represents the first increase in inflation since April and is primarily attributed to energy-related base effects. Energy prices …

European stocks experienced a sharp decline at the beginning of Wednesday’s trading session, influenced by statements from European Central Bank officials that diminished expectations of interest rate cuts. Additionally, lower-than-expected Chinese economic data contributed to a negative market sentiment. The European STOXX 600 index dropped by 1.2 percent as of …

The EUR/USD pair has conformed to the anticipated negative outlook outlined in the previous technical report, reaching the officially targeted level of 1.0865 and hitting a low at 1.0862. In terms of technical analysis today, examining the 240-minute time frame chart reveals continued pressure from the simple moving averages from …

The US dollar was strongly supported by investors’ diminishing speculation about Fed interest rate cuts as US markets returned to a regular schedule. Meanwhile, the European currency was eventually affected by ECB officials’ continued disagreement with market perceptions regarding the timing of rate reductions. It is anticipated that Fedspeak, US …

The EUR/USD pair initiated the week with a decline, encountering significant resistance around 1.0960 that prompted a negative trajectory. Presently, the pair is stabilizing near 1.0915. From a technical perspective today, examining the 4-hour timeframe chart reveals persistent pressure on the price from the simple moving averages from above. Additionally, …

European stocks experienced a decline on Monday, influenced by a rise in government bond yields and concerns over potential interest rate cuts by the European Central Bank. Dassault Aviation’s shares also contributed to the losses, dropping due to the company’s failure to meet its targeted number of aircraft deliveries. The …

The earnings season kicked off with a slow start, with the KBW Bank stock index experiencing a 3.1% decline and the 10-year Treasury yield dropping from 4.1% to 3.9%. The Magnificent 7 led the rally with a 4.3% gain, while the equal-weighted S&P 500 saw a 0.3% increase. Investors were …