During the previous trading session, the Euro/Dollar pair witnessed predominantly positive trades, aligning with the anticipated bullish trajectory towards the official target of 1.0860. The pair reached its highest level at 1.0840, reflecting the strength of the upward movement. Technical Analysis Outlook From a technical standpoint today, examining the 4-hour …
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European shares started on a downward trajectory on Tuesday, influenced by uncertainties surrounding potential wage settlement increases in the euro zone, which could delay anticipated interest rate cuts. Additionally, China’s decision to cut mortgage interest rates failed to inspire optimism among investors. STOXX 600 Index Slips The European STOXX 600 …
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On Tuesday, the dollar exhibited strength, maintaining its position above 150 yen amidst expectations of prolonged higher US interest rates. This occurred against the backdrop of Japan’s economic recession and market skepticism regarding Tokyo’s imminent monetary easing policy adjustment. China’s Mortgage Rate Cut Draws Trader Attention Early Tuesday, China’s decision …
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The EUR/USD pair experienced minimal fluctuations yesterday in the absence of US markets, as it made quiet attempts to achieve modest gains. Technical Analysis Highlights Euro’s Efforts to Break Resistance Today’s technical analysis reveals the euro’s endeavor to surpass the formidable resistance level situated at 1.0765, a crucial determinant of …
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On Monday, European stocks faced a downturn, with French equities particularly impacted following the government’s downward revision of its annual economic growth forecast. Meanwhile, individual company performances showcased a mix of outcomes, with Forvia’s optimistic forecasts contrasting Juventus’ widened net losses. STOXX 600 Index Edges Lower The European STOXX 600 …
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In the wake of last week’s economic data revealing ongoing challenges in US inflation, the dollar steadied on Monday, reflecting cautious sentiment regarding the Federal Reserve’s potential monetary easing strategies. Despite market uncertainties, the yen remained weak, hovering in proximity to the significant threshold of 150 against the dollar. US …
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The EUR/USD pair has fallen to 1.0759 as US inflation data surpasses expectations, indicating sustained Fed attentiveness. January’s Producer Price Index (PPI) increased 0.3% MoM, exceeding estimates, while the core PPI also beat forecasts, jumping sharply to 0.5% MoM from -0.1% in December. The ECB’s cautious approach to rate cuts …
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The US dollar faced a second consecutive session of decline on Thursday, following the release of a mix of robust US economic data. However, market sentiment remains geared towards the Federal Reserve’s potential interest rate cut in June, marking the first adjustment since the onset of the Covid-19 pandemic. Dollar …
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Positive Momentum in EUR/USD:The EUR/USD pair experienced an upward trend in the previous trading session, largely attributed to a slight decline in the US dollar index following the release of US retail data. This movement reflects shifting dynamics in currency markets as investors react to economic indicators. Technical Analysis Insights:On …
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Inflation Data Boosts Sentiment:European stocks regained ground on Wednesday, buoyed by weaker-than-expected inflation data in Britain. This bolstered hopes that the Bank of England would implement interest rate cuts soon, providing a positive outlook for investors. Additionally, positive earnings reports from select companies contributed to the market’s upward momentum. STOXX …
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