Tag Archives: Euro

Data from the European Automobile Manufacturers Association showed on Wednesday that for every five new cars sold in European Union countries during the month of August, more than one was fully electric, and sales of zero-emission cars more than doubled. The association said that fully electric models represented 21 percent …

European stocks rose on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day, while British data showing inflation fell more than expected in August helped British stocks outperform their peers in the region. The European STOXX 600 index rose 0.3 percent after losses for two consecutive …

Limited positive attempts dominated the EUR/USD pair during the previous trading session, retesting the psychological barrier resistance level of 1.0700 and failing to stabilize above it for a long time. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the …

European stocks fell on Tuesday in volatile trading, as industrial stocks continued their losses for the second session in a row, while cautious investors awaited a series of central bank decisions this week. The European STOXX 600 index fell 0.1 percent by 0717 GMT. Investors are cautious before decisions related …

Quiet trading dominated the movements of the EUR/USD pair at the beginning of this week’s trading as it attempted to breach the psychological barrier resistance level of 1.0700. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the 50-day average …

European stocks opened slightly lower on Monday after sharp gains last week, as investors awaited a week full of central bank meetings in Norway, Sweden, Switzerland, Britain and the United States to make decisions on interest rates. The European STOXX 600 index fell 0.2 percent by 0705 GMT due to …

The downward trend continues to control the movements of the EUR/USD pair within a bearish outlook, as we expected during the previous report, in which we relied on confirmation of the pair breaking the support level of 1.0690, touching the official target of 1.0630. On the technical side today, by …

The US Dollar flattens on Friday as investors take profits after a rally on Thursday. The Euro’s lackluster performance after the ECB’s dovish hike has led to traders selling the Euro in the belief the Eurozone economy will crash. Retail Sales data from the US and Producer Price Index numbers …

European stocks rose on Thursday even as investors remained cautious ahead of the European Central Bank’s decision on interest rates, as it is likely to raise them for the tenth time in a row. Markets expect approximately 65 percent of interest rates to rise by 25 basis points, which will …

The technical outlook remains unchanged, and the pair has not changed significantly with the continuation of the sideways path. We find the pair stable above the support level of 1.0700 and below the resistance level of 1.0790. On the technical side today, with a closer look at the 4-hour chart, …