Tag Archives: Euro

The single European currency reversed the expected bearish trend during the previous analysis, supported by the decline of the US dollar after the US jobs data, to end the trading sessions last week on a high, recording the highest 0.9966. The technical aspect today indicates the possibility of resuming the …

The euro and the pound sterling recouped some of their losses on Friday, but were still heading for their biggest weekly decline since September, ahead of US employment data that could confirm Federal Reserve Chairman Jerome Powell’s hint this week of continued monetary tightening, sending the dollar higher. Improved investor …

European shares opened higher on Friday, with luxury goods and mining companies leading the upward trend amid hopes that China will soon ease its strict restrictions related to the fight against the Coronavirus. The Stoxx 600 index rose 0.7% by 0813 GMT, supported by a 3.2% jump in mining stocks, …

The Japanese Nikkei index ended lower Friday’s trading in the Tokyo Stock Exchange, as the tightening monetary policies of the US Federal Reserve prompted investors to sell on their return from a national holiday. However, strong gains in Chinese stocks limited losses. The Nikkei average fell 1.68 percent to 27,199.74 …

Negative trading witnessed the euro’s movements against the US dollar yesterday, within the expected bearish context, touching the first to be achieved at 0.9770, to extend its losses approaching a few points from the second target of 0.9710, recording its lowest trading at 0.9730. Technically, the simple moving averages still …

European shares started trading sharply lower on Thursday after the Federal Reserve dashed any hopes of easing monetary tightening policies aimed at curbing inflation, and even hinted at smaller interest rate hikes for a longer period. The pan-European STOXX 600 index fell 0.9% by 0810 GMT, with interest-rate-sensitive European technology …

The movements of the euro against the dollar witnessed a clear fluctuation after the Federal Reserve decided to raise interest rates by 75 basis points to reach an interest rate of 4.0%. However, the movements remained negative within the bearish technical path as we expected, approaching the first target station …

European shares started trading higher on Wednesday, boosted by the rise of the Danish pharmaceutical company Novo Nordisk, while hopes were raised that the Federal Reserve may hint at a slowdown in the pace of monetary tightening at its meeting later on Wednesday. The pan-European STOXX 600 index rose 0.3 …

Japan’s Nikkei index ended Wednesday’s trading in the Tokyo Stock Exchange little changed amid weak trading ahead of the Federal Reserve’s decision on interest, which would also give clues to the bank’s future policy path. Still, investors were keen to buy Sony Group shares in light of strong expectations. Nikkei …

The single European currency found a good demand area around the posted level during the last analysis at 0.9850 within the bullish rebound attempts that are still limited. Technically, and carefully considering the 4-hour chart, we find the euro is still stable below the parity point against the US dollar, …