Tag Archives: Euro

The single European currency started its daily trading on an upward rebound, taking advantage of the support floor posted last Friday at 1.0655, which forced the price to form an upward bias. As a result, the pair now hovers around its highest level during the early trading of the current …

European stocks opened higher on Monday ahead of US inflation data due on Tuesday, while real estate stocks fell on disappointing quarterly earnings from Sweden’s Castellum. The Stoxx Europe 600 index rose 0.2 percent, after posting its first weekly decline in three weeks on Friday. Stockholm-listed Castellum fell 5.8 percent …

The Japanese Nikkei index closed lower on Monday, as heavyweight technology stocks tracked the decline in the US Nasdaq index in the last session, while investor sentiment was affected by some companies announcing bleak earnings forecasts. The Nikkei index fell 0.88 percent to close at 27,427.32 points, after falling to …

European stocks fell on Friday and were about to end a three-day winning streak as investors assessed the prospects for prolonged global monetary tightening, and a bleak outlook from German sportswear outfit Adidas weighed on sentiment. The pan-European STOXX 600 index was down 0.6% by 0815 GMT, after touching a …

Japanese authorities and companies said that heavy snow in many parts of Japan on Friday caused the cancellation of 100 flights, closed dozens of roads and disrupted railway services. Domestic airlines including ANA, Japan Airlines and others canceled a total of 100 flights due to the snow until noon, according …

Japanese stocks closed higher on Friday, boosted by strong corporate earnings and the expectations of domestic companies, with Tokyo Electron leading the gains after raising its annual profit forecast. The Nikkei index rose 0.31 percent to close at 27,670.98 points, after rising 0.8 percent earlier in the session. The index …

European stocks touched a nine-month high on Thursday, supported by earnings data from companies including Germany’s Siemens and Britain’s AstraZeneca, which helped ease concerns raised by Federal Reserve officials after they stressed the need for more interest rate hikes. The Stoxx 600 index of European shares rose 0.8 percent by …

Japan’s Nikkei closed lower on Thursday, retreating from its highest level in nearly two months, as the benchmark tracked the weak performance on Wall Street after investors had long been wary of higher US interest rates. The earnings season witnessed a mixture of winners and losers among the major companies. …

Sideways trading tended to be negative, as the movements of EUR/USD were confined between the support of the psychological barrier of 1.0700 and the resistance level of 1.0800/1.0780. Technically, we tend to be negative in our trading, relying on the continuation of the pair obtaining negative pressure from the simple …

The GBP/USD pair trades around 1.2070, holding on to modest intraday gains. The Euro is one of the weakest rivals of the US dollar. The shared currency is trading at 1.0716 as ECB policymakers repeated their hawkish language. ECB’s Klaas Knot said that headline inflation appears to have peaked but …