Archive

EUR/USD currency pair experiences volatility today as both the dollar and the euro encountered some hardship. The euro was weakened by speculation that Germany may ban naked short selling of some securities permanently. In the same time, the dollar was harmed by reports, which showed slowdown of the U.S. economic growth. EUR/USD trades …

The euro went up against the U.S. dollar today but a portion of this growth was later erased by the not as good as expected fundamental values from U.S. The GDP growth report for the first quarter of this year showed the value below the forecast level. EUR/USD is now trading near 1.3310.

Advance …

EUR/USD registered its new high in more a than week, showing a daily rise of about 0.85% today. It was going straight up from the early European Forex trading session without any regards to the fundamental indicators. The currency pair is now trading close to 1.3533.

Chicago PMI indicator …

The U.S. dollar posted its sharpest decline versus the euro today despite a gross domestic product report published today showed growth in the North American economy for last year’s final quarter. Existing home sales slid much beyond forecasts, allowing the euro to pare a good amount of this week’s losses. …

The dollar touched a new record for 2010 versus the euro as a quarterly gross domestic product report published today surprised traders with actual figures coming considerably above forecasts, suggesting that the U.S. economic recovery is accelerating, and allowing the dollar to post a weekly gain versus a less attractive euro due …

The EUR/USD currency pair extended yesterday’s decline as an economic activity report in the U.S. came much above forecasts and featuring the highest level in four years, adding evidences that economic conditions in the U.S. are improving at a fast pace, helping the dollar to gain versus a not so attractive euro in the past weeks, as the IMF …

The EUR/USD currency pair gained today as risk appetite increased after the Dubai debt delay is likely to be solved with the help of the U.A.E. central bank as well as pending home sales in the U.S. unexpectedly rose, bringing optimism and appeal to risk as the United States real estate sector shows signs of improvement. …

The dollar is rising against the euro today, almost snapping the yesterday gain on EUR/USD, as the personal income and spending statistics worsened in September. The macroeconomic reports that were released today sent the stock markets down after a yesterday rally and the euro continued it’s weekly slump, showing a biggest 5-day drop since …

The U.S. dollar dropped against the euro today after some rather good fundamental reports on employment and total economic output. But the upward spike on the EUR/USD chart, which is significantly higher than the daily gain hints that the bearish sentiment among the traders is still quite strong near 1.4670 …

I’ll try to cover the latest fundamental reports from the U.S. economy that affected the EUR/USD pair this week. Today, the dollar is losing against the euro, but overall week is almost a perfect doji candle with a lower spike being a bit longer than the upper one. The weekly high …