Tag Archives: Euro

European stocks touched a two-month low on Wednesday after weak economic data from China fueled fears of a global slowdown and dashed optimism from signs of falling inflation in some major eurozone economies. The pan-European Stoxx 600 index fell 0.7 percent, its lowest since March 31. The main stock exchanges …

The Euro succeeded in achieving the negative outlook as we expected during the previous technical report, touching the first official target station located at 1.0680, recording its lowest level at the last session at 1.0672, to return as part of attempts to rebound bullishly as a result of touching the …

European stocks fell on Tuesday, affected by uncertainty that Congress will pass the US debt ceiling agreement to avert the country from a catastrophic default. The pan-European STOXX 600 index fell 0.2% by 0716 GMT, amid expectations that trading would gain momentum as the US and UK markets reopened after …

The Eurodollar pair opened its weekly trading, to move within the bearish trend, and starting with an initial breach of the support level of 1.0730, to witness the current movements of the pair stabilizing around the psychological barrier of 1.0700. Technically, we tend in our trading to be negative, relying …

European market indices fell marginally on Monday, lacking impetus in thin trade, but Wall Street futures remained optimistic after the US achieved a debt ceiling deal over the weekend. On Saturday, US President Joe Biden and senior congressional Republican Kevin McCarthy reached a tentative agreement to lift the federal government’s …

European stocks rose on Friday, supported by the mining and technology sectors, although the main indices were on their way to incur big weekly losses, as investors feared the US debt ceiling crisis and the global economic slowdown. The pan-European STOXX 600 index was up 0.4 percent by 0707 GMT, …

A negative trading session dominated the movements of the euro-dollar pair during the previous trading session, within the expected bearish path, recording its lowest level at 1.0707. From the point of view of technical analysis today, the pair is currently hovering around the 1.0730 support level, represented by a Fibonacci …

European stock markets fell on Thursday as statistics revealed that Germany, the region’s largest economy, fell into recession in the first quarter of the year. At 03:15 ET (07:15 GMT), the DAX index in Germany was down 0.2%, the FTSE 100 in the United Kingdom was down 0.4%, and the …

The single European currency continued its decline against the US dollar within the expected bearish path during the previous report, continuing the negative creep towards 1.0720, to hover around its lowest level during today’s early trading at 1.0730. Technically, and by looking closely at the 4-hour chart, we find that …

Narrow sideways trading tended to be negative, dominating the movements of the EUR/USD pair during the previous trading session after it failed to stabilize for a long time, according to the resistance of the psychological barrier 1.0800. Technically, with a closer look at the 240-minute chart, we find the Euro …