Tag Archives: European Stocks

After several consecutive sessions of the sideways trend tilted to the downside, GBP/JPY managed to touch the first awaited target at 152.50, recording its lowest level at 152.38. On the technical side, the 50-day moving average still supports the possibility of a decline, in addition to stabilizing trading below the …

Oil, Crude, trading

GBP/JPY did not show any change for the third consecutive session within a sideways range sloping to the downside, between the support level of 152.60 the resistance level of 153.60. Technically, we are inclined in our trading to the negativity, relying on the negative pressure coming from the 50-day moving …

Oil, Crude, trading

There were no major market movers during the European session. The dollar jumped to its highest level in 16 months against the euro and other major currencies on Thursday, while the yen fell towards its lowest levels in several years, after the highest inflation reading in the United States in …

GBP/JPY did not show any change for the second session in a row within a bearish sideways range, between support level of 152.60 and resistance level of 153.60. Technically, we tend to negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, and the clear …

Oil, Crude, trading

Markets were waiting for US inflation data, which came in better than expected. Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday, surpassing the market …

European shares rose to near all-time highs on Wednesday, as a jump in oil stocks and positive results for companies including chip company Infineon helped offset the impact of inflation concerns. The pan-European STOXX 600 index rose 0.1 percent and energy stocks rose 1.2 percent, after a boost to oil …

The British Pound was little changed during the previous trading session within a sideways bearish range, confined between the support level of 152.00 and the resistance of 153.60. On the technical side, we tend to be negative, relying on the continuation of the negative pressure coming from the 50-day moving …