Tag Archives: Euro

A limited bearish tendency dominated the movements of the EUR/USD pair during the previous trading session due to the selling pressure around the 1.1060 resistance level, which led the pair to retest the 1.1000 support. On the technical side today, and with a closer look at the 4-hour chart, we …

Most Japanese stocks rose on Thursday, led by manufacturing companies, on profit optimism, while concerns about the banking sector weighed on financial companies. The Nikkei index rose 0.15 percent to close at 28,457.68 points, recovering from a drop of 0.6 percent at the beginning of the session. The broader Topix …

European stocks fell on Thursday despite positive earnings from a group of companies, as turmoil over First Republic Bank continues to worry investors about the global banking sector. The pan-European Stoxx 600 index was down 0.1% by 0720 GMT, as media stocks fell 1.6%. Shares in Universal Music Group fell …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating buying positions depends on the pair breaching the 1.1000 resistance level, which leads the pair to recover, touching the pending buy order targets at 1.1080, recording its highest price at 1.1095. The …

The shared currency has advanced against the US Dollar during Wednesday’s US session after an upbeat Wall Street open put paid to lingering recession fears. Stronger tech company earnings from Alphabet and Microsoft suggest advertising revenue remains high, offsetting recession fears. The EUR/USD pair is trading at 1.1043 at the …

European stocks fell on Wednesday, tracking losses on Wall Street overnight, after recession fears resurfaced in the United States after gloomy data erased the initial optimism sparked by strong results from tech giants Microsoft and Alphabet. The European 600 index fell 0.4 percent by 0710 GMT, dragged down by technology …

The Eurodollar pair achieved limited gains during the previous trading session after consolidating above the psychological barrier 1.1000, close to the required target 1.1090, to record its highest level at 1.1070. Technically, The pair found a strong resistance level at 1.1070, which forced it to retreat and witness stability again …

European stocks fell on Tuesday as investors weighed more corporate results and comments from European Central Bank policy makers on interest rate expectations. The European Stoxx 600 index fell 0.4 percent by 0718 GMT, affected by the decline in the mining and banking sectors, 1.8 percent and 1.5 percent, respectively, …

Japanese stocks rose slightly on Tuesday, with the Nikkei index touching an eight-month high, amid optimism about the results of a group of companies and the expansion of government subsidies for chip production. Momentum eased in the afternoon session, dragged down by steel producers amid indications of weaker demand from …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, in addition to confining trading within an occasional path, explaining that stepping up to the resistance level of the psychological barrier 1.1000 leads the euro to visit 1.1060, to activate the pending buy order scenario, …