Tag Archives: Euro

Will Fed say goodbye to the rate hiking era? The Fed will likely be in a holding pattern, with inflation moderating and a weakening labour market. Another rate hike from here looks less likely given this softer inflation reading.  The dollar softened on Tuesday following data for US consumer prices …

European stocks rose on Tuesday, led by auto and basic resources shares, as investors awaited US inflation data that may provide a clearer picture of the Federal Reserve’s monetary policy outlook. By 0810 GMT, the European STOXX 600 index rose 0.1 percent after a broad rise in the previous session. …

The Euro is trading below the 1.0700 level against the US Dollar, with European stocks maintaining positive performance. US inflation figures are expected to drive market sentiment this week, as the Euro loses its initial shine against the USD. The dollar’s upward movement to the pivotal level of 106.00 has …

The technical outlook for the pair remains consistent, with no significant changes observed in its movements. The bearish trend persisted, concluding last week’s trading above the crucial 1.0640 support level. In today’s technical analysis, we are inclined towards a negative outlook in our trading approach. This is based on the …

European stocks fell on Friday, pressured by rising bond yields, and comments by Federal Reserve Chairman Jerome Powell undermined investors’ hopes that interest rates would peak. The European STOXX 600 index fell 0.4 percent by 0810 GMT, but is still heading for gains for the second week. Fed officials, including …

“We maintained a neutral stance in our intraday analysis due to conflicting technical signals and the trading range bound by 1.0640 as the lower limit and 1.0760 as the upper limit. In today’s technical outlook, we are leaning towards a bearish bias, noting the initial formation of a bearish pattern …

European stocks began trading on Thursday on a stable note after the positions of European Central Bank policymakers reduced market optimism regarding interest rate cuts, while investors again awaited comments from Federal Reserve Chairman Jerome Powell. The European STOXX 600 index saw little change by 0810 GMT after touching the …

Gold prices continued their downward trajectory as predicted in the previous report, nearing the first official target set at $1945. Early trading in the current session saw gold hitting its lowest level at $1947 per ounce. Upon examining the 4-hour time frame chart from a technical perspective, the bearish technical …

European stocks fell on Wednesday, November 8, with shares of insurance companies and financial institutions taking the biggest hit as investors evaluated economic data and corporate profits. The European STOXX 600 index fell 0.1% by 0815 GMT, reaching its lowest level in almost a week and heading for a decline …

The EUR/USD pair experienced negative trading in yesterday’s session, following a gradual bearish trend toward the targeted level of 1.0640, ultimately reaching its lowest point at 1.0664. From a technical analysis perspective, a pessimistic outlook is maintained, supported by sustained daily trading below the robust resistance level at 1.0760, marked …