Tag Archives: Euro

The EUR/USD pair has returned to the robust support level highlighted in the previous technical report, situated at 1.0960. It has maintained stability above this level at the commencement of today’s trading. From a technical analysis standpoint, the 50-day simple moving average continues to provide a positive impetus, aligning with …

Although it recovered somewhat from monthly lows, the US Dollar Index (DXY) was still under pressure. In the third quarter, the US economy grew at an annualized rate of 5.2%, which was higher than the previous estimate of 4.9%. The US will release important data on Thursday, such as the …

As the Euro declines in value relative to the Pound Sterling, the Euro/GBP is testing 0.8640. Consumer confidence in the eurozone does not change, but the business outlook does. The Euro is expected to lose ground to the Pound Sterling, setting up the pair for a fifth day of losses …

German stocks led gains in Europe on Wednesday after data indicated a decline in inflation in the country’s most populous state, reinforcing expectations that the European Central Bank will cut interest rates next year. The German DAX index rose 1 percent to touch a four-month high after data showed that …

The euro displayed positive performance against the US dollar in the recent trading session, aligning with our anticipated positive outlook. The breach of the key level at 1.0960 was pivotal, leading to the attainment of the specified targets and nearing the final target of 1.1030, with the highest recorded level …

European stocks fell for a second session on Tuesday after strong gains in November after the latest comments from European Central Bank policymakers refuted market expectations of interest rate cuts next year. The European STOXX 600 index fell 0.5 percent, with market heavyweights such as Novo Nordisk and LVMH falling …

The EUR/USD pair continued its positive momentum during the early trading sessions of the week, confirming the expected bullish trend mentioned in the previous technical report. The pair reached a peak of 1.0960 in the morning session, and the report emphasized that the confirmation of breaching this level could strengthen …

European stocks were steady on Monday as lower oil prices led to a decline in energy stocks, ahead of comments by European Central Bank President Christine Lagarde on monetary policy before a European Parliament committee. The European Stoxx 600 index remained stable at 0820 GMT, while the British Financial Times …

Positive trading prevailed in the Euro/Dollar pair at the close of last week’s trading, aligning with the anticipated upward trajectory outlined in the previous technical report. The pair approached the initial official target of 1.0960, reaching a peak of 1.0950. From a technical perspective today, a positive inclination is observed, …

The US dollar experienced losses in a shortened week, with the Core PCE report being the most important. The US economy is stronger than that of European nations and is still growing, with the US Composite reported at 50.7 in recent PMIs. Weekly gains in EUR/USD were observed, but the …