Tag Archives: Euro

European shares rose on Tuesday, led by real estate and chemicals shares, as investors weighed a batch of economic data, while BP’s weak third-quarter earnings weighed on the energy sector. By 0826 GMT, the European STOXX 600 index rose 0.2 percent, but was heading for its worst monthly performance since …

During the initial trading session of the previous trading day, the EUR/USD pair temporarily deviated from the anticipated downward trend, reaching the stop losses as mentioned in the previous analysis, positioned at 1.0600. It is worth recalling that our earlier analysis suggested that if the price consolidates above 1.0600, the …

European stocks rose in early trading on Monday, supported by health care shares, as bond yields fell while investors evaluated key inflation data. By 0826 GMT, the European STOXX 600 index rose 0.8 percent after falling more than four percent in the past two weeks. Sovereign bond yields in the …

At the conclusion of last week’s trading, the EUR/USD pair exhibited a mixed performance, characterized by limited positive attempts. Notably, the pair struggled to breach the psychological barrier resistance level of 1.0600, remaining stable below it and reaching its highest point at 1.0597. A closer technical analysis on the 4-hour …

A downward trend within the expected bearish path dominated the EURUSD pair’s movements. It approached the first target of 1.0500 and posted its lowest level at 1.0520. The technical aspect today indicates the possibility of resuming the bearish tendency, relying on the stability of intraday trading below the resistance level …

The US economy expanded at an annualized rate of 4.9% during the third quarter, surpassing market consensus of 4.2%. The report also revealed a lower-than-expected core Personal Consumption Expenditure (PCE) price index, which increased demand for bonds. Other data showed a rise in Continuing Jobless claims to 1.79 million, reaching …

EUR/USD experienced a daily low of 1.0521 and recovered towards the 20-day SMA, around 1.0560. The Euro faced selling pressure after the ECB held rates steady, and Christine Lagarde acknowledged the Eurozone’s economic struggles. The USD gained momentum on strong Q3 GDP data, but lower US yields limited the upwards …

European stocks fell on Thursday due to rising US Treasury yields and a series of weak earnings reports, before the European Central Bank announced its monetary policy decision later on Thursday. By 0707 GMT, the European STOXX 600 index fell 1.1 percent following Wall Street’s decline on Wednesday, with long-term …

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 …