Tag Archives: Euro

Europe’s labour market softened in the third quarter, with data on Monday indicating a decline in inflationary pressures, potentially paving the way for further interest rate cuts. Labour cost growth in the eurozone slowed to 4.6% in Q3, down from 5.2% in the previous quarter, according to Eurostat. Meanwhile, the …

The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …

Euro Under Pressure, But a Technical Rebound LoomsThe Euro has been grappling with downward pressure following the European Central Bank’s (ECB) decision to cut interest rates. The EUR/USD pair, a key currency market indicator, has hovered near the 1.0500 level, suggesting a delicate balance between bearish and bullish forces.Technical Analysis …

European stock markets edged lower on Friday, poised to end a three-week winning streak as investors sought clarity on the euro zone’s monetary easing trajectory and grappled with concerns about slowing economic growth and rising geopolitical risks. The pan-European STOXX 600 index dipped 0.1%, setting it up for a 0.3% …

ECB’s Dovish Stance Weighs on the EuroThe European Central Bank (ECB) has once again cut interest rates by 25 basis points, signaling a continued dovish stance. This move, aimed at stimulating economic growth and combating deflationary pressures, has weakened the Euro. Additionally, ECB President Christine Lagarde’s acknowledgment of discussions regarding …

The U.S. dollar remained relatively unchanged on Thursday, holding steady ahead of the European Central Bank’s (ECB) much-anticipated monetary policy decision later in the day. Traders are widely expecting the ECB to implement a quarter-point rate cut, with the euro edging slightly higher in anticipation of the move. Meanwhile, the …

European markets inched up on Thursday morning, supported by gains in cyclical sectors, as investors awaited key monetary policy decisions from the European Central Bank (ECB) and the Swiss National Bank (SNB). The STOXX 600 index, a benchmark for European equities, rose 0.1% as of 0814 GMT, extending its rally …

The Euro continued its retreat against the US Dollar during the previous session, aligning with the anticipated negative outlook, reaching the first target of 1.0475 and recording a low of 1.0479. Technical Analysis An analysis of the 240-minute chart indicates: Bearish Factors: The simple moving averages are exerting downward pressure. …

The U.S. dollar advanced on Wednesday, bolstered by market anticipation ahead of the November consumer inflation report. The greenback’s strength weighed on the euro, sterling, and Chinese yuan, with broader implications for global currency markets. Key Developments Dollar Index Rises At 05:15 ET (10:15 GMT), the Dollar Index climbed 0.3% …

European markets made a recovery in November after initial selloffs following the US elections. However, with the exception of Momentum, factor performance remained subdued. Momentum Style Faces Headwinds Barclays strategists, led by Matthew Joyce, maintained a Neutral stance on Momentum in November, despite its strong post-election performance. This cautious approach …