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Forex blog posts about Chicago PMI are presented here. You can click the selected excerpt's title to continue reading on 'Chicago PMI'.

EUR/USD Up as Eurozone CPI Grows, US Factory Orders Drop

March 31st, 2011

EUR/USD recovered after the previous decline on today’s trading session as the Eurozone consumer prices grew, while the US jobless claims and factory orders posted worse-than-expected results. The inflation in Eurozone rose 2.6% in March. (Event A on the chart.) The currency pair was rising since the beginning of this week and economists think that traders …

EUR/USD Advances as US Spending & Homes Sales Decline

February 28th, 2011

EUR/USD rose today on the speculation that the Federal Reserve will maintain stimulus. The currency also rose as personal spending slowed and pending home sales declined more than predicted. The rally may slow as increasing personal income and improving business activity can support the dollar. EUR/USD currently trades at about 1.3827.…

EUR/USD Advances as Inflation in Eurozone Accelerates

January 31st, 2011

The dollar fell against the euro today as consumer prices in the Eurozone rose faster than anticipated. The economic growth in the US also gains momentum as was shown by today’s reports. EUR/USD trades currently at about 1.3716.

Personal income and spending increased in December by 0.4% and 0.7% respectively. In November,
personal income increased 0.4% …

EUR/USD Rises as Economy Recovers

December 30th, 2010

EUR/USD rose today as signs of global economic recovery caused the shift of an investors’ attention from safe currencies, like the dollar, to riskier ones. Economic data suggested that economy of the US also recovers as all of today’s reports were positive and better than expected. EUR/USD trades now at 1.3281.

Initial jobless

EUR/USD Falls as PMI & Consumer Confidence Improve

November 30th, 2010

EUR/USD today extended its decline to the lowest level since September, though currently recovered somewhat, on concerns about European sovereign-debt crisis and as US economy shows signs of recovery. The recovery is followed by improvement of consumer confidence. Tomorrow we’ll see if the recovery helped to increase the number of employed persons in the US. …

EUR/USD Trades Near Opening Level, Reports from US are Good

October 29th, 2010

EUR/USD slowly returns to its opening level after it dropped sharply after discussion of EU leaders about measures to prevent debt crises renewed concerns about, well you guess it, debt crisis. Advance GDP report showed the value for the third quarter, which was better than for the second …

Unexpectedly Good US Macroeconomics Bring EUR/USD Down

September 30th, 2010

EUR/USD currency pair is falling after sharp advance as virtually all of the economic reports from the US were better than expected. At the same time concerns about Ireland’s banks are driving the euro down, as well as a downgrade of Spain’s debt rating. EUR/USD trades near it opening level of 1.3626 …

EUR/USD Falls on Rising Home Prices and Consumer Confidence

August 31st, 2010

EUR/USD currency pair was rising this trading session but began to decline after reports showed that home prices and consumer confidence increased more than expected. The dollar weakened previously as a report showed that US personal income rose less than analysts estimated. EUR/USD is currently …

Mixed Economic Reports Causes Volatility of EUR/USD

July 30th, 2010

EUR/USD fell at the start of today’s trading session, but later began to rise as some economic indicators suggested that the U.S. economy recovers. Some volatility can be expected as reports showed a mixed set of readings. Number of jobless claims decreased and manufacturing conditions improved. On the other hand, GDP contracted from …

EUR/USD Rises on Bad Employment Report & Lower ECB Lending

June 30th, 2010

The euro strengthened today against the U.S. dollar as the Central European Bank would lend European bank less than was predicted, igniting hopes that European financial system recovers from crisis. ECB announced that it’d loan 131.9 billion euro to banks in a three-month tender, while forecasts spoke …

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