Tag Archives: Euro

European stocks recorded limited movement on Tuesday amid a decline in the financial sector that offset gains in mining stocks, while investors continue to search for evidence to support expectations that major central banks have finished raising interest rates. The European STOXX 600 index rose 0.1 percent by 0810 GMT. …

The euro exhibited a positive surge against the US dollar, in line with our expectations, reaching the official target station outlined in the previous technical report at the price of 1.0970. The currency pair recorded its highest level during the early trading of today’s session at 1.0964. From a technical …

European stocks stabilized on Monday after a strong weekly performance that was driven by increased bets on lowering interest rates, while a decline in the health care sector erased gains in energy sector stocks. There was no significant change in the European STOXX 600 index by 0810 GMT, after it …

The Euro gained ground against the US dollar in the final trading sessions of last week, successfully consolidating above the critical resistance level of 1.0870. This consolidation serves as a compelling factor, effectively halting the anticipated downward trend. Consequently, the pair is poised to resume its upward trajectory, setting targets …

In the recent trading session, the EUR/USD pair made tentative positive moves; however, they remained constrained, leading to a return to stability below the key 1.0870 resistance level. Examining the 4-hour chart from a technical standpoint today, indications point to a bearish shift. The Stochastic indicator reflects a negative crossover, …

The European benchmark index fell on Thursday after a three-month rise as optimism about the peak of monetary tightening and an eventual interest rate cut faded. The European STOXX 600 index fell 0.2 percent by 0810 GMT, after increasing 2.5 percent over the past three days and recording its highest …

The Euro/Dollar pair experienced a predominance of negative trades in the prior trading session, as it hit its zenith at 1.0886, but encountered resistance at this level that effectively curtailed its upward trajectory. As we outlined in our previous technical report, a one-hour candle closing below 1.0860 could exert downward …

In the last trading session, the Euro enjoyed a surge against the US Dollar, capitalizing on the latter’s fall following inflation data. This defied the bearish scenario we had anticipated, based on trading stability free from the psychological resistance barrier of 1.0700 at the time of the report. It seems …

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. …