Tag Archives: Euro

European stocks rose on Thursday as strong quarterly earnings from ST Microelectronics, Sabadell and Nokia allayed concerns about corporate earnings season amid signs of a recession. The pan-European Stoxx 600 index was up 0.6% by 0835 GMT, with technology and financial services shares leading the gains. STMicroelectronics jumped 8.4% after …

Japan’s Nikkei index snapped a four-session winning streak on Thursday, with shipping companies leading the decline, as investors around the world await US economic data that could influence the path of the Federal Reserve’s interest rate hike. The Nikkei index closed down 0.12 percent at 27,362.75, after rising 0.4 percent …

A quiet, gradual rise dominates the movements of the EUR/USD pair within the expected bullish path, gradually approaching the official station targeted for the current wave of rise 1.0940, recording its highest level at 1.0924. On the technical side, the pair established a solid floor around 1.0835. The simple moving …

European stocks fell on Wednesday as weak results from US software giant Microsoft weighed on the broader technology sector, while signs of improving economic prospects in the euro zone fueled concerns about further interest rate hikes. The European Stoxx 600 index fell 0.3 percent, recording a decline for the second …

The technical outlook is unchanged, and the movements of the Euro-dollar pair did not undergo any significant change, including its success in achieving the idea of retesting the support published during the previous report at 1.0835, which forced it to rebound bullishly, and now hovering around the psychological barrier of …

The dollar hovered near a nine-month low against the euro on Tuesday and gave up recent gains against the yen, as traders weigh the prospects of a US recession as well as the Federal Reserve’s interest rate path. The dollar index, which measures the US currency against a basket of …

Japan’s Nikkei index closed at its highest level in more than a month and a half on Tuesday, recouping all its losses since the Bank of Japan’s surprise monetary policy adjustment last month, and technology stocks led the rally, following Wall Street’s gains. The Nikkei rose 1.46 percent to close …

The Eurodollar pair continues its efforts to maintain the bullish context within a gradually ascending path to the upside, as we expected during the previous report, approaching the official target of 1.0940, recording its highest level at 1.0926. On the technical side today, we maintain the same technical conditions of …

The US dollar index bottomed around the 102 mark, hovering close to levels not seen since May 2022, as concerns about a US recession and prospects of a less aggressive Federal Reserve spooked investors away from the American currency.Widespread volatility dominated the first trading day of the week across both …

On Monday, the euro reached a nine-month high against the dollar, as comments indicating the European Central Bank’s intention to raise interest rates by large rates were met by market expectations of a less hawkish approach by the Federal Reserve. The euro reached $1.0927, surpassing a recent peak at $1.08875, …