European stocks experienced a decline on Thursday, particularly within the real estate and auto sectors, following a sharp sell-off on Wall Street in the previous session. Investors, in anticipation of more economic data from the United States, sought additional indicators on the trajectory of global interest rates. As of 0817 …
Read More »Euro is stable below resistance 21/12/2023
The recent trading session showcased predominant positive movements in the Euro/Dollar pair’s trajectory, as it endeavored to establish consolidation above the pivotal 1.0960 resistance level, achieving its peak at 1.0984. From a technical standpoint today, intraday dynamics demonstrate stability beneath the formidable 1.0960 mark, representing the robust resistance positioned at …
Read More »European stocks rise amid expectations of interest rate cuts
European shares saw an uptick on Wednesday, driven by anticipations of interest rate cuts following data indicating a slowdown in inflation in both Britain and Germany. Additionally, a surge in commodity prices contributed to gains in resource stocks. The STOXX 600 index recorded a 0.3 percent rise by 0818 GMT, …
Read More »euro starts attacking the resistance 20/12/2023
In the previous technical report, we maintained a neutral stance due to conflicting technical signals and the pair’s confinement within a sideways price range. It was highlighted that activating buying positions would depend on breaching the pivotal resistance of 1.0960. Subsequently, the pair began its ascent, reaching a peak at …
Read More »Technology and travel sectors lift European stocks amid focus on inflation data
European stocks experienced a rise on Tuesday, driven by gains in the technology, travel, and entertainment sectors. Investors were particularly focused on the upcoming inflation data in the eurozone to gauge potential signals for next year’s interest rate cuts. The European STOXX 600 index saw a 0.3 percent increase by …
Read More »Euro in a sideways price range 19/12/2023
The EUR/USD pair has experienced constrained movements in recent consecutive sessions, maintaining a stable sideways range with the lower boundary holding above the 1.0860 support and the upper boundary staying below the 1.0960 resistance. Upon closer examination of the 240-minute time frame chart from a technical perspective today, conflicting signals …
Read More »European stocks decline under pressure from real estate stocks
European stocks fell on Monday, pressured by a decline in real estate stocks, at a time when sentiment was affected after senior officials in the European Central Bank reduced the possibility of cutting interest rates soon. The European STOXX 600 index fell 0.3 percent by 0811 GMT, after recording its …
Read More »Euro extends reversal as US dollar boosted by Fed Williams
The Euro has reversed its direction on Friday’s early US session as Federal Reserve President and CEO, John Williams, cooled hopes of interest rate cuts in March. This was offset by a downbeat US NY Empire State Manufacturing Index, which fell to -14.5 its lowest level in the last 7 …
Read More »Eurozone Contraction Fuels Currency Market Worries, Dollar Under Pressure
On December 15, today’s economic data paints a concerning picture of ongoing contraction in industrial activity across Europe. S&P Global’s industrial purchasing managers’ data reveals a persistent downturn, holding steady at 44.2 in the eurozone for December, matching November’s level, contrary to the expected 44.5. In addition, the services purchasing …
Read More »European stocks rise heading for a weekly gain
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 …
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