Tag Archives: European Stocks

The European session has been fairly quiet as stocks seem somewhat more cautious after the bounce on Wall Street yesterday. US futures have fallen since Asian trading and maintained this trend throughout European morning trading. The dollar received some support before the Federal Reserve. EUR/USD fell to fresh five-week lows …

GBP/JPY continues the negative movements after it failed to maintain trading above the support level of 153.70 and recorded its lowest level during the last session at 152.90. Technically, today, we tend to the negativity, relying on the price stability below the previously broken support level, which is now turned …

Oil, Crude, trading

GBP/JPY declined noticeably yesterday after it failed to maintain trading above the 155.50 support level, explaining that the decline below the mentioned level puts the price under negative pressure to target 155.10 and 154.70, to record the pair’s lowest level at 154.45. On the technical side, there may be a …

Oil, Crude, trading

Markets were waiting for the US data before making any aggressive bets. According to the accounts of the December European Central Bank monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out.  There were 286,000 initial claims for unemployment benefits in the …

Mixed trading dominated the pound’s movements against the Japanese yen to witness within a bullish path after it managed to settle above the 155.50 support level. Today, we tend to the positivity, but with caution, relying on the price stability above 155.50 accompanied by positive signs that started appearing on …

Oil, Crude, trading

Data released today by Statistics Canada showed that the inflation index grew as expected for the third consecutive month in December, as the consumer price index fell by 0.1% in December, in line with market expectations, but less than the previous reading, which recorded an increase of 0.2 % last …

European shares fell at the beginning of Wednesday’s trading, led by shares of food and beverage companies and with global stock markets losses. Economic data in the UK revealed that inflation rose to a 30-year high in December at 5.4%, exceeding analysts’ expectations of 5.2%. “We’re hearing a lot of …