Quiet trading tended to be negative, dominating the movements of the euro-dollar pair during and throughout the trading of this week, after it found selling pressure near the resistance level of 1.1070, to start today’s session on a bearish slope. From the point of view of technical analysis today, and …
Read More »Explainer: Why is the Euro at risk?
The Euro is at risk due to a number of unanswered questions, such as what central banks will do next and when interest rates will be cut. PMI surveys have turned sharply lower in China and Europe, and the dollar has fallen out of favour as western central bank policy …
Read More »Japan stocks closed lower amid a strong yen and concerns in the US banking sector
Japanese stocks closed lower on Monday as investors sold stocks as the yen rose against the dollar and concerns about the US banking sector persisted. The Nikkei index fell 0.71 percent to 28,949.88 points, closing below the 29,000 level for the first time since April 28. The index hit its …
Read More »Euro is trying to recover 8/5/2023
Mixed trading dominated the movements of the euro-dollar pair, within a downward sloping path, affected by the US data that appeared last Friday, recording its lowest level at 1.0970. From a technical point of view, today, we find the pair’s intraday trading has returned to stability above 1.1000, accompanied by …
Read More »European shares open at the highest level in two weeks
European stock markets traded higher Friday, as investors digested more corporate newsflow, the European Central Bank’s monetary policy decision ahead of the key U.S. jobs report. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. climbed 0.4%, and the CAC …
Read More »European stocks are falling with anticipation of the ECB’s interest rate decision
European stocks fell on Thursday after investors received mixed signals from the Federal Reserve regarding monetary tightening, with the European Central Bank awaiting an interest rate decision later in the day. The pan-European Stoxx 600 index fell 0.8 percent, led by auto stocks, which fell 2.3 percent. The oil and …
Read More »Euro is rising against the dollar 4/5/2023
The movements of the euro-dollar pair witnessed a positive trading session, as we expected, and the euro succeeded in touching the first official stop during the previous analysis, at 1.1085, recording its highest level at 1.1090. Technically, the simple moving averages still support the upward curve of prices, and this …
Read More »European stocks edge higher; banking sector leads ahead of Fed
European stock markets rose on Wednesday, as generally favourable reports from the banking sector bolstered confidence ahead of the critical Federal Reserve policy meeting. At 07:55 GMT, the DAX index in Germany was 0.5% higher, the FTSE 100 in the United Kingdom was 0.5% higher, and the CAC 40 in …
Read More »Euro is trying to climb gradually 3/5/2023
Trading tended to be positive, dominating the movements of the euro-dollar pair during the previous trading session as part of attempts to stabilize above the resistance level of 1.1000. On the technical side today, the pair’s intraday movements are witnessing attempts to stabilize above the breached resistance level at the …
Read More »Limited movements in European stocks ahead of Fed’s rate decision
European stocks moved in a limited range on Tuesday as investors returned from the Labor Day holiday on Monday ahead of decisions by the Federal Reserve and the European Central Bank to raise interest rates later this week. The pan-European Stoxx 600 index rose 0.1% by 0715 GMT, with banks …
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