The Euro’s Movement and Implications Technical Analysis The Euro has continued its advance above 1.0370, while staying below the key resistance level of 1.0460. Looking at the chart, it is evident that as long as prices remain below 1.0460, the market could see another drop. Potential support levels to watch for are at 1.0300, 1.0175,…
Gloomy Outlook for the Pound Sterling (GBP) and Euro (EUR) By Your Friendly Neighborhood Finance Enthusiast November 3, 2022 So, you wake up in the morning, open your eyes, stretch out your arms, and take your first peek at the latest news in the finance world. And what do you see? The Pound Sterling (GBP)…
The Euro Slips Back in Forex Trading Euro Falls to Mid-1.03 Area The Euro (EUR) has slipped back to the mid-1.03 area after failing to hold gains through the low 1.04s yesterday. This movement in the foreign exchange market was noted by Scotiabank’s Chief FX Strategist Shaun Osborne. Despite initial gains, the Euro was unable…
Playing the Currency Game: How Trump’s Tariff Decision is Impacting the Euro EUR Jumps Overnight on Trump Tariff News If you’ve been keeping up with the latest news in the world of finance, you might have heard about the recent jump in the Euro (EUR) overnight. According to Scotiabank’s Chief FX Strategist, Shaun Osborne, the…
The Impact of Global Currencies on Donald Trump’s Second Presidency An Insightful Perspective from Jeffrey Kleintop As we embark on Donald Trump’s second presidency, it’s crucial to consider the implications of global currencies on the stability of the U.S. Dollar. In a recent analysis by Charles Schwab’s Jeffrey Kleintop, he delves into the world of…
Feeling the Effects of Soft Inflation Data: USD/CAD Pair Buying Interest Seen Near 1.4430 Today in the North American session, the USD/CAD pair is experiencing some buying interest near 1.4430. The reason for this sudden rise in interest can be attributed to Statistics Canada’s recent report on soft inflation data for December. According to the…
A first level of SPX support could be at 5,940 this week Understanding Support Levels in Stock Market Support levels are key points in technical analysis that indicate a price level where a stock or index is likely to stop falling and potentially reverse its trend. These levels are based on historical price patterns and…
The US Dollar Rally Continues What Happened? The US dollar has once again shown strength in the early hours of Tuesday, as American traders enter the market. This rally comes at a time when global economic uncertainty is high, with many investors seeking safe-haven assets to protect their wealth. Analysis The strength of the US…
