Serving Traders Since 2005
EUR/USD fell today after a report showed that Spain entered a recession, but later the currency pair rebounded and traded in a wide range. Currently, the euro stays flat. The US economic data was somewhat worse than expected and definitely worse than the previous reports.
Personal income and spending increased in March. …
EUR/USD climbed today, erasing yesterday’s losses, after European finance ministers agreed to boost the firewall against the debt crisis. The euro’s rally stalled, though, and the shared 17-nation currency is gradually falling back to the opening level. As for the United States, the data today was relatively good, even though some reports …
EUR/USD slumped today after Federal Reserve Chairman Ben Bernanke said in his comments today that there are positive developments in the US labor market. (Event C on the chart.) The comments followed the set of positive macroeconomic reports, including the preliminary report that showed US economy growing more than …
EUR/USD was rising today amid speculations that Greece made progress in talks about debt-swap, but the currency pair dropped sharply later. All fundamental reports from the United States were negative today, reducing appeal of the US currency.
S&P/Case-Shiller home price index fell from 138.39 in October …
EUR/USD was falling today as Italy sold less debt than the maximum target at the auction and yield rose. The last US reports this year were good with the exception of unemployment claims that climbed last week. Currently, EUR/USD goes higher, erasing much of its losses.
EUR/USD surged today after the Federal Reserve and five other banks of developed nations announced their agreement to cut interest rates on dollar liquidity swaps. (Event A on the chart.) This measure is viewed by market commentators as a help for European banks to fund its dollar reserves. Before the announcement the currency pair was …
EUR/USD extended its decline for the third straight session today as Greek Prime Minister George Papandreou said he’s going to put the European Union bailout plans for Greece to a referendum. A negative vote may lead to a default of the nation. The reports from the US yesterday and today signaled that the economic growth is slowing. …
The dollar rose significantly against the euro today, as the poor macroeconomic statistics from the United States and the global risk-averting mood caused investors to seek safety in USD. Both rising business and consumer confidence in the United States failed to support the currency pair.
Personal income and spending report disappointed the investors today. The income fell …
EUR/USD traded mostly sideways today. It plunged down recently, but quickly recovers as of present time. The fundamentals in the US are mixed. While employment was even worse than expected by rather pessimistic analysts, Chicago Business Barometer fell less than predicted and factory orders increased above expectations.…
The euro rallied against the US dollar today immediately after the GDP report was released in the United States and continued to rise afterwards as more dollar-negative data figures were released there.
Annualized GDP growth in the second quarter of 2011 was at 1.3% in US. The growth followed a 0.4% rise (revised negatively from …
© 2007–2012 Forex Blog. Design — Mart Studio.
