European stocks opened lower on Thursday amid expectations the European Central Bank will raise borrowing costs later in the day, following the Federal Reserve’s indication that it will approve further increases. The rise of H&M shares limited the losses somewhat, and lifted the shares of the retail sector after announcing …
Read More »Dollar climbs in Asia after hints from Fed for further interest rate hikes
The dollar rose in Asian trade on Thursday after the Federal Reserve signaled an interest rate hike later in the year, while the currencies of China and New Zealand fell amid signs of slowing economies. Market attention is now turning to other central banks’ decisions late this week. The dollar …
Read More »Euro touches the target, eyes on ECB 15/6/2023
. Remarkable gains dominated the performance of the Dow Jones Industrial Average on Wall Street, within the positive outlook, as we expected, touching the official bullish target stations, reaching the last target of 34,130, recording its highest level of 34,112. Technically, we tend to be positive, relying on the index’s …
Read More »Stability of European stocks ahead of the US interest rate decision
European stocks opened flat on Wednesday ahead of the Federal Reserve’s widely expected decision to halt interest rate increases, while sports betting Entene shares tumbled after announcing a deal to buy another company. The European Stoxx 600 index settled at 463.49 points by 0709 GMT, while the travel and leisure …
Read More »Dollar tends to decline amid increasing bets on Fed stopping rate hikes
On Wednesday, the dollar hovered near a three-week low against the euro and near a one-month low against the British pound, after lower-than-expected inflation data cemented the view that the Federal Reserve will refrain from raising interest rates this time when it makes its decision. later in the day. The …
Read More »European stocks rise supported by the technology sector
European stocks opened higher on Tuesday, supported by gains in technology stocks amid growing optimism that the Federal Reserve will not raise interest rates during its monetary policy meeting. The pan-European STOXX 600 was up 0.5% by 0715 GMT, with the interest rate-sensitive technology sector index up 1.5%. Investors are …
Read More »Euro is successfully testing support 13/6/2023
. The technical outlook is unchanged, and for several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated gold prices from below 1945 and from above below 1977. From the point of view of technical analysis, gold prices witnessed positive attempts, …
Read More »European stocks open higher
European stocks opened higher Monday, June 12, at the start of a week full of important central bank meetings on monetary policies, and shares of the Swiss drug company Novartis rose after it agreed to buy the US-based Chinook. The pan-European Stoxx 600 index rose 0.3%. The Federal Reserve, European …
Read More »Financial Markets’ Weekly Recap, Jun 5-9
Following a surprise 25 basis point (bps) rate hike in May, the Reserve Bank of Australia (RBA) board members opted to raise the Official Cash Rate (OCR) by another 25 basis points (bps) to 4.10% at its June policy meeting, delivering another hawkish surprise. According to the most recent Reuters …
Read More »Euro is trying to stabilize above the support 12/6/2023
. After several successive sessions of the sideways trend dominating the movements of the euro-dollar pair, it managed, at the end of last week’s trading, to achieve a first breach of the resistance level of 1.0740, recording its highest level at 1.0785, to return within a bearish slope once again. …
Read More »