The European session witnessed some fluctuations today, Thursday, amid anticipation of US and German inflation data and the European interest decision. The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and …
Read More »Market Drivers – European Session 27-10-2021
US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …
Read More »European Shares Fall on Lower Mining Sector
European shares fell on Wednesday, with mining stocks leading losses after concerns about Chinese government intervention impacting metal prices, while mixed corporate earnings data kept investors on the alert. The pan-European Stoxx 600 index fell 0.2 percent but settled just below its August high. Asian technology stocks fell on an …
Read More »GBP/JPY: Tends to Fall
Mixed trading dominated the pound’s movements against the Japanese yen within a bullish context that is close to achieving our required target of around 157.90, recording the highest level at 157.80. On the technical side today, the price is witnessing stability below the 157.60 level, and we notice the negative …
Read More »Market Drivers – European Session 26-10-2021
During the currency market’s trading today, Tuesday, the New Zealand dollar recorded strong profits and was the most profitable major currency by about 1.63%, benefiting from some positive developments in the currency market, which positively affected its trading, especially the statements of New Zealand Reserve Governor Adrian Orr. During his …
Read More »GBP/JPY: Starts Positive
GBP/JPY failed to achieve the expected negative outlook during the previous analysis and started reversing the expected bearish tendency to a bullish direction and hovering around its highest level during the early trading of the current session 156.80. On the technical side, with the return of the intraday stability above …
Read More »European Stocks Rise, Supported by Commodity Prices
European shares rose on Monday, led by mining and energy stocks as commodity prices rose, while investors awaited a series of business results, as several giant companies are scheduled to announce their results this week. The pan-European Stoxx 600 index rose 0.02% by 0707 GMT after Asian indices rallied slightly. …
Read More »GBP/JPY: Touches The Target of The Bearish Correction
Negative trades dominated the GBP/JPY, within the bearish correction as expected, touching our target at 156.00, recording the lowest level at 155.93. Technically, we tend to be negative, relying on trading below 156.50 level, accompanied by the RSI gaining more bearish momentum over the short time frames. Therefore, we are …
Read More »Market Drivers – European Session 22-10-2021
The S&P500 and Nasdaq were down at the opening session on Friday after chipmaker Intel warned of falling profit margins. Snap topped the losses among social media companies after reporting that digital ads had been affected by Apple’s privacy changes. The Dow Jones Industrial Average fell 4.64 points, or 0.01%, …
Read More »Business Results Lead European Shares Higher
European markets opened the session higher, as global sentiment was unexpectedly boosted by interest payments from debt-laden China’s Evergrande Group, while L’Oréal’s strong earnings and tech shares further supported it. The Stoxx 600 index of European shares rose 0.2%, while Asian shares rose after news that the Chinese real estate …
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