Tag Archives: Euro

European stocks steadied on Monday ahead of earnings reports and an expected European Central Bank monetary policy meeting during the week, but tension in the Middle East kept investors on edge. The European STOXX 600 index rose 0.1 percent by 0703 GMT, after falling more than three percent in the …

We remained neutral during the last report, explaining that we are waiting for the pair to break free from the sideways price range confined between 1.0500 and 1.0600. The EUR/USD pair concluded last week’s trading on a positive note and began attacking the resistance of the psychological barrier 1.0600, recording …

European stocks fell on Friday and were on track for their biggest weekly loss in three months, as growing concerns about a broader conflict in the Middle East, rising government bond yields and disappointing corporate earnings reports pushed investors off risk. By 7:06 GMT, the European STOXX 600 index fell …

European stocks fell about 1 percent on Thursday as risk aversion was exacerbated by poor results for companies, including food company Nestlé, as a result of tensions caused by the war in the Middle East and uncertainty over interest rates. By 0705 GMT, the European STOXX 600 index fell 0.8 …

For the second session in a row, the euro failed to breach the strong resistance level at the psychological barrier of 1.0600, which forced it to trade negatively during yesterday’s session. Technically, the current movements are witnessing stability around the lowest level during early trading, 1.0534. A closer look at …

The EUR/USD pair’s movements witnessed a positive trend during the previous trading session, reflecting the expected downward trend. In this trend, we relied on trading stability below the 1.0550 resistance level when the report was published. The price’s consolidation above 1.0570 postpones the chances of a decline but does not …

Treasury yields soared after robust retail sales data caused traders to reassess their views on the length of the Federal Reserve’s tightening cycle.The benchmark 10-year note was last down 34/32, yielding 4.851% (versus 4.71% on Monday), while the 30-year bond was last down 42/32, yielding 3.9579% (versus 3.866% on Monday).The …

European stocks fell in early trading on Tuesday, affected by a decline in Ericsson shares after disappointing quarterly results and a decline in shares of mining companies as investors monitored the risks resulting from the escalation of the conflict in the Middle East. The European STOXX 600 index fell 0.1 …

Quiet trading that tended to negativity dominated the movements of the EUR/USD pair at the beginning of this week’s trading after it found a strong resistance level around the psychological barrier of 1.0600. The technical outlook remains unchanged, and there has been no significant change in the pair’s movements. With …

European stocks rose on Monday, led by gains made by mining companies amid optimism about demand from China, the largest consumer. However, trading witnessed a cautious approach as investors evaluated the possibilities of escalating conflict in the Middle East. The European STOXX 600 index rose 0.4 percent by 0707 GMT. …