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Tag Archives: European Stocks

GBP/JPY: Trying to Recover

Positive trading regained control over the pound’s movements against its Japanese counterpart, benefiting from positive stability above the 156.00/156.30 support level. Technically, we notice the positive crossover signals coming from the stochastic indicator, coinciding with the price’s movement above the 50-day moving average. Therefore, we tend to be positive, but …

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Market Drivers – European Session 28-10-2021

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 …

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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 …

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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 …

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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 …

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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%, …

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