Forex Blog

EUR/USD posted little daily volatility compared to the recent trading days today despite some interesting macroeconomic statistics coming out throughout the world. While the weekly jobless wasn’t very favoring for the greenback, the budget and trade balance deficits were better than expected and could help the dollar to grow against the euro.…

The dollar regained its power on the Forex market today as the euro declined in correction, pressed on by the technical and fundamental factors. Even the rather growth-favoring macroeconomic reports that were released today failed to help the euro. EUR/USD is currently trading near 1.4864.

Initial jobless claims continued to decrease last week…

The most popular Forex currency pair gained today, going above the highs of the previous two days, as the traders reacted to the increased U.S. trade balance deficit and the expectations of a  liquidity-increasing decision from the Fed later today. EUR/USD is now trading near 1.4200.

U.S. trade balance deficit was reported…

Dollar continued to consolidate against the euro today despite the pro-recovery reports that were released today. It looks like the markets are still under a strong influence of the yesterday’s U.S. budget statement. EUR/USD is currently trading near 1.3967.

PPI rose by 1.8% in June, following 0.2% increase…

The dollar was losing strongly during the early trading session today but failed to fall past its support and euro’s resistance level located near 1.3720, as the U.S. reported decline in its global trade and traders shunned the high-yielding assets. EUR/USD is now trading near…

EUR/USD went up for a second day today and the gain is currently the biggest one since the early February. The today’s reports, that were quite neutral, haven’t had any important impact on the actual trading. EUR/USD is trading near 1.2815 currently.

Crude oil inventories advanced by 0.7 million barrels…

EUR/USD fell today despite the not-so-good fundamental reports from the U.S. that were released today. The trade balance deficit wasn’t as good as the traders have expected, while the Treasury budget deficit grew significantly. And only oil reserves growth was a really positive signal…

EUR/USD returned to the upward daily trend today after pausing in an uncertainty yesterday. The main driver for today’s growth was the stock market rallies in U.S. and Europe that don’t have any fundamental background but are rather based on the fact that the traders are already…

EUR/USD moved in a fundamentally explainable trend today as the dollar fell before and after the quite worrying report on the new jobless claims in U.S. Although the trade balance deficit change was positive, the traders expected such result and didn’t value it much into the actual…

Although, EUR/USD moved slightly above its opening level, this currency pair remained highly volatile today and reached a new minimum record since February 26 at 1.4815. The bullish spiked reached 1.4964 level. It failed to break above the 1.5000 resistance which may form a new psychological roof level…