Tag Archives: Euro

The upward trend continued to control the movements of the EUR/USD pair, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1.1120, recording its highest level of 1.1122. On the technical side today, we are leaning towards positivity, …

It was another day in an unusual week that is shortened by holidays. The US Dollar Index extended its loss and dropped below 101.00, reaching its lowest level since July. The 10-year Treasury yield fell to 3.78%, a five-month low, while the 2-year settled at 4.24%, the lowest since May.US …

European shares experienced a modest increase on Wednesday, driven by a rise in mining shares fueled by strong Chinese data. Additionally, technology stocks received a boost from Wall Street’s optimistic outlook, fueled by expectations that the Federal Reserve might initiate interest rate cuts in March. Market Overview:The European STOXX 600 …

The euro has maintained its upward trajectory against the US dollar, following the anticipated path outlined in the previous technical report. The currency successfully reached the targeted level of 1.1040, touching a peak of 1.1045. Technical Analysis Overview: Examining the 4-hour time frame chart reveals that the simple moving averages …

At the start of trading on Friday, European stocks took a hit, primarily due to a decline in the shares of technology and sportswear companies. Investors are carefully weighing the potential impact of global trade disruptions following attacks in the Red Sea. Additionally, they await the release of crucial inflation …

Positive trades dominated the euro’s movements against the US dollar as it successfully consolidated above the robust resistance level at 1.0960, initiating an attack on the psychological barrier of 1.1000 and subsequently stabilizing around it. On the technical front today, intraday movements demonstrate stability above the previously breached resistance, now …

The Euro has jumped to 1.1000 following the final US GDP that appears disappointing. US economic growth revised down to 4.9% in the third quarter from the previous 5.2% estimation.The focus is now on the looming US PCE Price Index which investors eagerly await to get more direction on the …

On Thursday, the dollar steadied, while the pound experienced losses in light trading activity during the holiday season. Market participants are anticipating the release of crucial year-end data—the U.S. inflation figures scheduled for Friday. The pound faced significant losses against the dollar, marking its most substantial decline in two months …

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 …

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 …