Tag Archives: Euro

The single European currency achieved all our bullish targets during the previous report, reaching the final target at 1.0465 and recording its highest level at 1.0480. On the technical side, the pair found a strong resistance level around the level published yesterday 1.0465, which forced it to retreat to the …

The euro, sterling and Swedish krona all rose against the US dollar on Tuesday, as traders focused on evaluating a slew of economic data including jobs data in the UK and the eurozone as well as confidence in the German economy. The pound rose 0.6 percent to $ 1.1830, near …

European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy. The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices …

Japanese stocks rose on Tuesday, with investors holding on to shares that fell sharply, even as data showed a surprising economic contraction. The Nikkei index rose 0.1 percent to close at 27,990.17 points, while the broader Topix index rose 0.37 percent to 1964.22. Japan’s economy unexpectedly contracted for the first …

The movements of the euro against the US dollar did not witness any change during the first trading sessions of this week, and the pair continues to maintain positive stability, reaching its highest level yesterday, 1.0366. On the technical side today, the simple moving averages continue to support the daily …

The dollar stabilized on Monday after falling sharply last week after Federal Reserve Chairman Christopher Waller said the central bank had not eased its fight against inflation. Slightly lighter-than-expected inflation data on Thursday dragged the dollar down, with the dollar index dropping 3.6 percent in two sessions last week, its …

European shares rose on Monday as mining stocks rose on hopes of rising demand from China, while caution prevailed after a top policymaker at the Federal Reserve said the bank would not “relax” its fight against inflation. The pan-European Stoxx 600 index rose 0.1 percent by 0811 GMT, after posting …

Japan’s Nikkei closed lower on Monday after hitting a two-month high in the previous session, as investors booked profits and market heavyweight SoftBank Group fell after its investment arm Vision Fund reported another big quarterly loss. The Nikkei index closed down 1.06 percent to 27,963.47 points, while the broader Topix …

The euro achieved strong gains against the US dollar at the end of last week’s trading, within the expected positive outlook, surpassing the required official target at 1.0290, recording the highest level at 1.0366. On the technical side, the simple moving averages still support the daily bullish curve in prices, …

Investors are dumping the dollar as weaker-than-expected US consumer price data boosted hopes the Federal Reserve will ease monetary policy tightening in smaller-than-expected increases in its fight against inflation. The range of the dollar’s movements against several currencies on Thursday was significant. By 1730 GMT, the US currency was down …