Tag Archives: European Stocks

Negative trades dominated GBP/JPY, touching the first target mentioned in the last analysis at 152.80. On the technical side, we are inclined in our trading to the negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, which continues the negative pressure on the price …

Oil, Crude, trading

The European session witnessed the release of many market-moving data. Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, this reading came in better than the market expectation of 425,000. September’s print got revised higher to 312,000 from 194,000. The Unemployment Rate declined to 4.6% from 4.8% in …

European shares were little changed on Friday after climbing to the highest level in previous sessions, and the impact of losses in energy and materials stocks overshadowed the dispelling of concerns about monetary tightening around the world. The pan-European Stoxx 600 index rose 0.05 percent, rising for the seventh consecutive …

The pound declined against the Japanese yen, remarkably within the expected bearish path, surpassing the second target required, at 154.40, to record as low as 153.12. On the technical side, the bearish trend is still more likely today due to the continuation of negative pressure from the simple moving averages …

The markets saw some moves during the European session on Thursday. The main drivers of the markets were the British interest rate decision. The dollar rose again as the market continued after the FOMC meeting, with the dollar significantly outperforming all currencies except the yen. The Bank of England’s (BoE) …

European indices hit new record highs Thursday, November 4th for the fourth consecutive session after the US Federal Reserve indicated that it would be patient with interest rate hikes, thus diverting investors’ attention to the Bank of England’s interest rate decision. After the European Central announced that it was in …

Mixed trading dominated the pound’s movements against its Japanese counterpart, in a bullish direction, after finding a good support floor near the 155.00 level. On the technical side, we noticed that the stochastic indicator reached overbought areas and gradually lost the bullish momentum. We find the 50-day moving average as …

European shares recorded record highs on Wednesday, as positive results for companies’ business in the recent period and the rise in metal prices offset the impact of the decline in oil sector shares. The European Stoxx 600 index rose 0.2% by 0824 GMT, while global stocks settled at record heights …

The pound declined against the yen within the expected bearish path, touching the first target we mentioned at 154.70, recording the lowest price at 154.65. Technically, we are inclined to the negativity in our trading, depending on the bearish technical figure shown on the chart, in addition to the negative …