European shares rose on Friday, heading for a seventh consecutive week of gains, as a jump in commodity-related stocks, strong gains, and easing monetary policy boosted investor sentiment. The European Stoxx 600 index rose 0.3 percent, retreating slightly from record highs, and mining and oil companies topped the gains, supported …
Read More »GBP/JPY: Positivity Remains
GBP/JPY achieved the first bullish target required to be touched at 154.30, recording its highest level at 154.34. On the technical side, today, we tend to the positivity, but with caution, relying on the pair’s success in building the support floor of 153.80 and most importantly 153.60, accompanied by the …
Read More »The Sterling is Witnessing a Gradual Rise
Oil, Crude, trading
Read More »European Shares Rise, But Oil And Mining Stocks Decline
European shares rose on Thursday after a solid earnings season that triggered a series of unprecedented gains, while a decline in oil and metals prices hurt commodity-related stocks. The pan-European STOXX 600 index rose 0.1 percent by 0824 GMT, with travel and leisure stocks leading the gains. Although the gains …
Read More »Market Drivers – European Session 17-11-2021
The European session on Wednesday was mostly flat. Gold is now at $1,863.61 an ounce, up 0.7%, while gold contracts are at $1,865.7 an ounce, up 0.63%. As for the US dollar index DXY, which measures the currency’s strength against a basket of foreign currencies, it recorded 95.86, with a …
Read More »European Stocks Continue Their Gains For The Sixth Day
European shares rose Wednesday, November 17th for the sixth day in a row, approaching their highest levels ever, as some positive business results helped to overcome fears of increasing inflation pressures caused by higher natural gas prices. The Stoxx600 rose 0.1%, after better-than-expected US retail trade data lifted shares on …
Read More »GBP/JPY: Making Significant Gains
The British pound jumped against the Japanese yen, achieving notable gains, as we expected, touching the required target at 154.00, to record its highest level at 154.32. Today, we tend to the positivity, relying on the pair’s success in building a base at the support level of 153.50, which is …
Read More »Sterling is Stable Below Resistance
Oil, Crude, trading
Read More »Market Drivers – European Session 16-11-2021
The European session did not see strong moves and the markets were waiting for the retail sales from the US as well which came in better than expected. The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the …
Read More »European Shares Hit an All-Time High on Business Results
Several European indices hit record highs on Tuesday, buoyed by signs of easing tensions between the United States and China, solid business results, and dovish comments from the European Central Bank chief. The pan-European Stoxx 600 index rose 0.1 percent by 0829 GMT, adding to the recent record gains, as …
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