Tag Archives: Euro

European stocks opened slightly lower on Tuesday, as declines in real estate stocks amid higher bond yields offset gains in retail stocks, led by British department store Marks & Spencer, which raised its profit forecasts. And by 0720 GMT, the European Stoxx 600 index fell 0.1 percent, with real estate …

Noticeable declines dominated the Eurodollar pair within the bearish technical outlook, as we expected, in which we relied on breaking the support level at 1.0955, touching the first target at 1.0885, and recording its lowest level at 1.0874. On the technical side today, and with a closer look at the …

European stocks opened lower on Monday, led by losses from miners with exposure to China on concerns about its ailing real estate sector, and energy stocks fell on lower oil prices. And by 0703 GMT, the European Stoxx 600 index fell 0.1 percent, extending losses from the previous session. Shares …

Negative trades dominated the movements of the euro-dollar pair within the expected general bearish path, in which we relied on the stability of intraday trading below the 1.1000 level, and in general, below the main resistance of 1.1030, recording its lowest level during the morning trading of the current session …

European stocks fell in early trading on Friday after a wave of gains on Wall Street that was supported by weak inflation data faded, however better-than-expected earnings put the European STOXX 600 on track for a moderate weekly gain. The Stoxx 600 index of European shares fell 0.5 percent by …

After yesterday’s US data, there are limited positive attempts for the EUR/USD pair to test the 1.1030 resistance level, and the pair’s current movements are witnessing stability below the mentioned resistance. Technically, and looking closely at the 4-hour chart, we notice the conflicting technical signals. We noticed the 50-day simple …

European stocks rose on Thursday as investors received a batch of corporate earnings reports while they awaited US inflation data that is likely to determine the course of the Federal Reserve’s monetary policy. The pan-European Stoxx 600 index rose 0.4 percent by 0707 GMT, after rising to a one-week high …

Narrow sideways trading dominates the movements of the Euro-dollar pair for the third consecutive session, confined from the bottom above 1.0955 and the top below 1.1000. Technically, we find the level of 1.0955 forming a support level represented by Fibonacci correction 50.0%, which was able to limit the bearish slope. …

The EUR/GBP pair recovered and keeps rising near 0.8630, seeing nearly 0.40% gains. The Euro is one of Wednesday’s top performers amongst its rival currencies.No relevant data will be released for either economy. Tightening expectations of BoE and ECB to dictate the pace. At the middle of the week, the …

European stocks rose on Wednesday as Italian bank stocks recovered from heavy losses incurred in the previous session after the government softened its position on a new tax on banks. The Stoxx Europe 600 index rose 1 percent by 0705 GMT, touching its highest level in a week. The euro …