The Japanese Nikkei index closed at its lowest level in a month on Wednesday, affected by a broad wave of selling amid global political tensions and fears that raising interest rates in the United States will lead to a slowdown in the global economy. The Nikkei index lost 1.34 percent …
Read More »Euro is in a sideways path, technical conditions are unchanged 22/2/2023
The technical outlook remains unchanged, and the movements of the Euro-dollar pair did not change, within a sideways path between 1.0630 and above 1.0700. Technically, today, the euro-dollar pair is still stable below the resistance level of the psychological barrier 1.0700. However, upon closer look at the 240-minute chart, we …
Read More »European shares opened lower, affected by the cautious expectations of HSBC Bank
European shares opened lower on Tuesday, with the impact of cautious expectations from HSBC on the Stoxx 600 index, while the optimistic performance of Engie shares mitigated some losses after the French energy company announced large annual profits. The European Stoxx 600 index fell 0.2 percent in the first hour …
Read More »Japanese stocks closed lower affected by a contraction in factory activity
Japanese stock markets ended lower on Tuesday, as investor confidence was shaken after a survey of companies showed that the country’s manufacturing activity contracted at the fastest pace in 30 months in February. The Nikkei index fell 0.21 percent to close at 27,473.10 points, and consumer goods stocks led the …
Read More »Euro starts negative 21/2/2023
Quiet trading dominated the movements of the EURUSD at the beginning of this week amid the absence of economic indicators, in addition to the holiday in the US markets yesterday, which led to a decline in trading volumes. Technically, today, the EUR/USD pair started trading on a negative note and …
Read More »Market Drivers – European Session 20/2/2023
European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …
Read More »European stocks are stable and Telecom Italia is the biggest loser in the euro area
European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …
Read More »A slight rise in Japanese stocks as investors await the directions of BoJ and Fed
Japanese stocks posted little gains at the close on Monday, as investors warned ahead of a week in which important US and global economic data and comments from the Bank of Japan’s new leadership team are expected. The Nikkei rose at the close, 0.07 percent, to record 27,531.94 points, and …
Read More »Financial Markets’ Weekly Recap, 13-17 Jan
The US dollar achieved strong gains in the last trading week, driven by a series of strong US economic data, with the markets increasing expectations that the US Federal Reserve will continue its tightening approach. In terms of weekly trading, the US dollar recorded a strong rise in today’s trading, …
Read More »Bulgaria Won’t Adopt The Euro From 2024
This month, Bulgaria will not request a convergence report that would demonstrate its readiness to join the Eurozone. The country’s goal to adopt the euro by January 1, 2024, has also been abandoned, according to Rositsa Velkova, the minister of finance.Despite the fact that it was on the agenda for …
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