Tag Archives: Euro

Negative trading dominated the movements of the euro against the US dollar, invalidating the bullish scenario expected during the previous report, in which we relied on the stability of intraday trading above the level of 1.0570 at the time the report was issued, clarifying that sneaking below 1.0560 constitutes a …

The European Central Bank (ECB) is scheduled to announce its monetary policy decision on Thursday, October 26, at 12:15 GMT. As the release time approaches, economists and researchers from major banks have shared their expectations. The ECB is widely anticipated to maintain its current interest rates unchanged. This expectation comes …

As we expected, the EUR/USD pair has traded positively since the beginning of the previous trading session within the bullish path, gradually rising to its highest level at 1.0694. Technically, the euro found strong resistance near the psychological barrier of 1.0700 during mid-trading, which forced it to trade negatively to …

European stocks rose on Tuesday, October 24, supported by large profits achieved by heavyweight companies such as the luxury goods giant Hermes and the Italian bank UniCredit, as well as gains in the mining sector resulting from the rise in metal prices. The European STOXX 600 index rose 0.2% by …

After several successive sessions of movement within a sideways price range, the euro succeeded in confirming the breach of the resistance of the psychological barrier 1.0600, heading to touch the official target required to be achieved during the previous technical report at the price of 1.0670, recording its highest level …

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 …