Tag Archives: Euro

European stocks continued their downward trend for the fourth consecutive session on Thursday, as investors remained cautious, awaiting key economic data from the eurozone and tracking U.S. labor market figures to assess the Federal Reserve’s future interest rate decisions. As of 0715 GMT, the pan-European STOXX 600 index dipped by …

The EUR/USD pair found strong support near 1.1040, as previously noted, with the continuation of the bearish corrective trend hinging on a decisive break below this level. The pair managed to close above 1.1040, reaching a high of 1.1095. From a technical perspective today, the 4-hour chart shows the pair …

European stocks opened sharply lower on Wednesday as concerns over a potential economic slowdown in the United States sent ripples through global markets. Investors also turned their focus to upcoming economic data from the euro zone, adding to the bearish sentiment. Market Overview By 07:10 GMT, the pan-European STOXX 600 …

Calm, slightly negative trading characterized the movements of the euro against the U.S. dollar, remaining within the anticipated bearish trend. As noted yesterday, further decline depends on a break below the 1.1040 level. From a technical perspective, the 4-hour chart shows that the pair has found solid support around 1.1040. …

European stocks showed mixed performance on Tuesday as investors treaded cautiously ahead of a slew of economic data, including the crucial U.S. jobs report due on Friday. While the pan-European STOXX 600 index remained flat, German stocks reached an all-time high, buoyed by easing inflation and positive sentiment surrounding interest …

The EUR/USD pair experienced a gradual decline in the early trading sessions this month, driven by the U.S. dollar’s attempts to stage a rebound. As a result, the pair has remained generally stable below the psychological resistance level of 1.1100. From a technical perspective, a closer look at the 4-hour …

The global economic recovery stumbles forward, shadowed by the ghost of the pandemic and the dark clouds of geopolitical tensions. In this uncertain landscape, the exchange rate between the Euro (EUR) and the US Dollar (USD) has become a fascinating battleground. Two central banks, the Federal Reserve (Fed) and the …

Persistent contraction: Eurozone manufacturing activity continued to decline in August, according to the latest PMI data.Weak demand: New orders and demand from abroad fell at the fastest rates this year.Price increases: Manufacturers raised their prices for the first time in 16 months, driven by factories in several countries.Inflation easing: Overall …

Eurozone inflation fell to its lowest level in three years in August, according to data released on Friday, raising expectations of another interest rate cut by the European Central Bank (ECB) next month. Headline Inflation: Consumer price growth slowed to 2.2% year-on-year in August, down from 2.6% in July, moving …

European shares reached an all-time high on Friday, with the pan-European STOXX 600 index climbing 0.2% to 525.65 points by 0713 GMT. This gain surpassed the previous record of 525.59 points set in June, and the index is on track for a fourth consecutive week of gains. The benchmark is …