European shares rose on Wednesday, tracking gains made by Wall Street in the evening after Federal Reserve Chairman Jerome Powell expressed a less hawkish stance on monetary policy during testimony before Congress. The pan-European STOXX 600 index rose 0.5% by 0813 GMT, following the path of global stocks, after Powell …
Read More »GBP/JPY: Looking For More Upside 12/1/2022
The British pound continues to advance against its Japanese counterpart and starts today’s session positively, attacking the strong resistance level at 157.40. On the technical side, we tend to the positivity, relying on the stability of the intraday trading above the 156.60 support level, accompanied by positivity signs that start …
Read More »The Pound Continues to Rise Against The Dollar 12/1/2022
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Read More »European Shares Rebound Led By Tech Rally
Major European stock indexes closed higher on Tuesday, ending a three-day losing streak, as tech shares rebounded and as investors welcomed upbeat corporate updates.Delivery Hero jumped 5% after saying it expects its food delivery business to break even during the second half of 2022 as demand has soared since the …
Read More »European shares rise, buoyed by a Rebound in Technology Shares
European shares rose on Tuesday, with investors returning to the technology sector after declining for seven days due to fears of rising interest rates. A group of positive corporate results also supported stocks. The pan-European Stoxx 600 index rose 1.1 after US stocks rose in late trading, supporting Asian stocks. …
Read More »GBP/JPY: Settles Above Support Level 11/1/2022
GBP/JPY made positive attempts, building on a support level of 155.60, recording a high of 157.40. Technically, we tend to the positivity, relying on the stability of the intraday trading above 156.00 support level accompanied by the positivity features that start to appear on the stochastic indicator and getting rid …
Read More »The British pound Retesting Support 11/1/2022
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Read More »European Shares Fall on Fears of a Rate Hike
European shares fell in early trading on Monday, after last week’s first weekly decline in three weeks, amid rising Covid-19 infections and increasing uncertainty over the course of interest rates. The pan-European STOXX 600 index fell 0.4 percent at 0830 GMT, weighed down by falls in the real estate, technology …
Read More »GBP/JPY: Trying in The Positive Direction 10/1/2022
The positive attempts of the pound against the Japanese yen continue after it managed to benefit from the 156.50 support level, to reach its highest level during today’s session at 157.30. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above …
Read More »Sterling Struggles to Break Through Resistance 10/1/2022
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