The bearish trend continues to control the movements of the Euro-dollar pair within the expected negative technical outlook during the previous technical report, touching the first official stop at 1.0800, heading to visit the official target required for the current descending wave at 1.0775, recording the lowest trading at 1.0777 …
Read More »Euro is retesting the resistance 24/8/2023
The euro-dollar pair touched the second bearish target during the previous trading session, 1.0800, recording its lowest level at 1.0802. On the technical side, the pair’s movements witnessed an upward rebound as a result of touching the support of the psychological barrier represented by the target 1.0800, to return positively, …
Read More »European stocks open higher supported by mining and healthcare companies
European stocks opened higher on Wednesday, as mining stocks led gains thanks to higher metal prices, while Swiss pharmaceutical Roche supported health care stocks. And by 0707 GMT, the European Stoxx 600 index rose 0.4 percent. Mining stocks rose 0.9 percent as prices of most industrial minerals rose. Roche shares …
Read More »Euro is touching the bearish targets 23/8/2023
EURUSD failed to stabilize for a long time above the resistance level of the psychological barrier 1.0900, to return to negativity significantly during the previous trading session, within the expected bearish context in the last analysis, touching the first official target of 1.0840, recording its lowest level at 1.0833. Technically, …
Read More »Market Drivers – US Session, August 22
The first indication of economic activity in August will come from the Global PMIs, which will also include housing data from the US, data on Q2 retail sales from New Zealand, and data on retail sales from Canada. After Monday’s decline, Asian equities have recovered, but caution is still in …
Read More »European stocks rise with the rise of shares of chip makers
European stocks rose in early trading on Tuesday, with technology stocks leading the gainers, with the rise of chip makers, supported by the rise of their counterparts on the Wall Street Stock Exchange on Monday night, amid anticipation of the announcement of the results of NVIDIA. The pan-European STOXX 600 …
Read More »Euro is retesting support 22/8/2023
After several successive sessions of decline, the euro-dollar pair started its daily trading on an upward slope, attempting to take advantage of the support level of 1.0885 to witness the current movements stabilizing around its highest level during the morning trading at 1.0915. Technically, by looking at the 4-hour chart, …
Read More »European stocks rise with the support of the energy and healthcare sectors
European stocks opened higher on Monday, supported by the rise of energy stocks, with the rise in global oil prices, and the rise in health care stocks, thanks to the strong performance of the Danish pharmaceutical company, Novo Nordisk. The pan-European Stoxx 600 index was up 0.4 percent by 0712 …
Read More »Euro is hovering around an critical correction 21/8/2023
The Eurodollar pair concluded its weekly trading on a bearish trend, recording its lowest level at the official target station at 1.0840, recording its lowest level at 1.0845. From the point of view of technical analysis today, the intraday trading of the euro against the US dollar is witnessing stability …
Read More »European stocks open lower as interest rate pressures and China’s economy mount
On Friday, August 18, European stocks opened lower and are on their way to record a weekly loss, as risk appetite was negatively affected by concerns about interest rates remaining high globally for a longer period, as well as concerns about the growth of the Chinese economy. And by 07:03 …
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