Tag Archives: Euro

After the announcement of dismal Chinese GDP figures, European stock markets declined on Monday as the second quarter results season got underway. At 07:30 GMT, the FTSE 100 in the United Kingdom traded down 0.1%, the CAC 40 in France dropped 0.7%, and the DAX index in Germany traded down …

European stocks fell on Friday but remain on course for their biggest weekly percentage jump in more than three months, driven by hopes the Federal Reserve will stop raising interest rates soon as inflation subsides. The pan-European Stoxx 600 index was down 0.2 percent by 0702 GMT. However, it rose …

As we expected, the single European currency continued its positive performance against the US dollar, touching the official target station located at 1.1245, recording its highest level at 1.1245 during the early trading of the current session. On the technical side today, by looking at the 4-hour chart, we find …

European stocks rose Thursday, July 13, as US inflation data boosted hopes that the US Federal Reserve is about to end the monetary tightening cycle after the Corona virus pandemic, although a mixed set of economic data limited the increase in gains. The pan-European Stoxx 600 index rose 0.1% by …

Remarkably positive trades dominated the movements of the euro-dollar pair within the positive technical outlook, as we expected during the previous report, touching the required targets at 1.1100, close by a few pips to the main target 1.1160, recording its highest level at 1.1148. Technically, and with a closer look …

European stocks rose on Wednesday ahead of the release of US inflation data that will determine whether the Federal Reserve is close to ending its monetary tightening cycle. The pan-European Stoxx 600 index rose 0.3 percent in early trade. US data, due at 1230 GMT, is expected to show the …

The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …

European stocks fell on Monday, after recording big weekly losses, as below-expected inflation data in China stoked fears of weak demand, while investors awaited US inflation data as well as corporate earnings due later this week. The pan-European STOXX 600 index fell 0.3 percent in early trading, with China-linked miners …

European stocks fell on Friday, continuing the heavy losses incurred in the previous session, in the wake of US data that showed that the labor market remains strong, while investors await an important report on US jobs, which is scheduled to be issued later in the day, to search for …

As we expected, the single European currency declined significantly against the US dollar within the context of a gradual decline, approaching the target station 1.0800, recording its lowest level at 1.0830. From the angle of technical analysis, the euro-dollar pair found a good support floor around 1.0820, which managed to …