Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Euro recovers reluctantly amid thin trading

Economies.com
2016-07-18 15:37PM UTC

Euro rose slightly on Monday after hitting a one-week low on Friday, amid a lull in the markets and thin trading volumes, with a lack of important data. 

 

EUR/USD last traded at 1.1064, compared to the opening of 1.1054, with a session-high at 1.1070, and a low at 1.1035, after the pair touched a one-week low last Friday at 1.1008. 

 

Euro's reluctant recovery today comes on short-covering after a steep decline on Friday, while thin trading volumes prevent a more meaningful rebound. 

 

On the other hand, the dollar steadies against a basket of major rivals after hitting a three-month high last week, trapping the common currency with it in sideways trading. 

 

The dollar index, measuring the greenback's performance against a basket of six major rivals, last traded at 96.58, compared to the opening of 96.60, with an intraday low at 96.47, and a high at 96.72, after the index hit a three-month high last week at 96.82. 

 

Wall St. dithers as investors assess earnings

Economies.com
2016-07-18 15:02PM UTC

U.S. stock indices wavered on Monday after a three-week winning streak pushed them to record highs, with traders assessing the earnings results of American companies. 

 

Markets are wondering whether the latest earnings results could support the shares near their record highs, specially after markets shrugged off a failed coup attempt in Turkey. 

 

Focus of traders is squarely on earnings right now and what they say about the economy, and the dollar and its affect on exporters. 

 

The dollar index, measuring the greenback's performance against a basket of six major rivals, last traded at 96.58, compared to the opening of 96.60, with an intraday low at 96.47, and a high at 96.72, after the index hit a three-month high last week at 96.82. 

 

Standard and Poor's 500 inched up 0.09%, or two points to 2,163.74, while Dow Jones Industrial Average gained 0.12%, or 22.12 points to 18,538.67. 

 

Tech-heavy NASDAQ climbed 0.47%, or 23.56 points to hover around 5,053.15. 

European shares rise in early trading led by British ARM

Economies.com
2016-07-18 11:01AM UTC

European stocks rose during morning trades on Monday in the first week's sessions supported by strong gains for shares of ARM after the approval of Softbank to buy the British company specialized in the design of electronic chips.

 

 

The Dow Jones Stoxx Europe 600 index rose 0.2 percent by 8:57 am GMT, and the index last week achieved a gain for the second week in three weeks on expectations that central banks will limit the repercussions of Britain's secession from the European Union.

 

 

ARM shares rose by 43 percent to a record high after the approval of Softbank to buy the British company with 24.3 billion pounds, "$ 32.2 billion", where the share is leading the technology sector the biggest gains on the European market indices gainer in morning trading.

 

 

In spite from the the rise of the Dow Jones Stoxx Europe, but it did not fully recover from the losses incurred after the British secession, on the other hand, the Financial Times 100 British index was the best performer among European indices up by 5.2 percent from its level before the vote in favor of secession, taking advantage of the pound weak and expectations to cut UK interest.

 

 

Futures for the S & P 500 rose 0.2 percent, and the index closed trading Friday on Wall Street, down by 0.1 percent within a correction and profit taking after scoring the highest level ever.

 

 

As for the most important European markets indices euros Stoke 50 index rose 0.2 percent, and France's CAC 40 index down 0.1 percent, and Germany's DAX index fell 0.1 percent, and in London's FTSE 100 rose 0.4 percent.

Silver fall below $ 20 and record the lowest level in two weeks due to declining demand for safe havens

Economies.com
2016-07-18 11:58AM UTC

Silver fell below $ 20 an ounce during the European market on Monday, extending losses for the third consecutive day, marking the lowest level in two weeks due to declining demand for safe havens, in addition to the high stakes of increasing US interest rates this year.

 

 

Silver traded by 11:45 GMT around $ 19.77 per ounce after the opening of trading today at $ 20.14, and recorded the highest level of $ 20.22, and the lowest level of $ 19.70, the lowest since July 8th .

 

 

Silver lost on Friday 0.5 percent, the second daily loss in a row, and over entire past week silver lost 0.3 percent in the first weekly loss since late May due to declining investment demand for the metal as a safe haven.

 

 

After the the failure of a military coup in Turkey, the demand declined for for safe havens assets again, asset prices remained under the pressure of fundamental factors, and precious metals prices remains under the influence of the stakes of increasing US interest rates this year.

 

 

Figures released on Friday in the United States showed a rise exceeded expectations for retail sales during June, and the stability of consumer prices higher during the same month, and the return of industrial production to grow exceeding the average estimates of experts during June.

 

 

The stakes of increasing US interest rates after these data rose to 8 percent from 6 percent during the Fed meeting on July 26th to 27 this July, and the stakes of an increase in December to 44 percent from 35 percent, up from 8 percent after the British secession vote.

 

 

In China, silver for December delivery rose 1.6 percent to 4394 yuan per kilogram ($ 20.41 an ounce) on the Shanghai Futures Exchange.

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1777 (2025-07-04 07:15AM UTC)