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EUR/USD fluctuated today as market sentiment about an outcome of talks about a new portion of bailout for Greece shifted constantly. Nothing is clear yet, so the currency pair may move in any direction. There wasn’t any major news from the United States to guide the Forex market, except the yesterday’s report …
EUR/USD advanced for the second day today as German Chancellor Angela Merkel meets with the head of the International Monetary Fund in Berlin today, following the meeting with the French President yesterday. The meetings spurred risk appetite among investors, deterring pessimist from continuing sell-off. In the meantime, the US economy continued to show signs …
EUR/USD fluctuated today as traders were unsure about the future of the euro that may be decided on the European Union summit this Friday. The hopes for the positive outcome of the summit were trimmed by the warning that Standard & Poor’s may reduce the credit ratings of 15 EU members.
EUR/USD slumped today as Greece struggles to form a new (temporary) government for the third day, while Italy will likely also lose leadership and nobody can guarantee that the nation will avoid problems with forming a new government. The fundamental reports were largely positive for the dollar, driving the currency pair further …
EUR/USD rallied today as the positive US nonfarm payrolls increased risk appetite among Forex traders, but sharply dropped after Fitch Rating cut credit rating of Italy and Spain. Payrolls rose in September much more than were predicted, while the growth in the prior month was upwardly revised. Other …
EUR/USD posted a biggest drop in a month today as European Central Bank President Jean-Claude Trichet said that the ECB policy makers “expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks”. (Event A on the chart.) Market participants speculated that such words mean the ECB …
The dollar fell against the euro today, as the positive employment report from the US decreased the risk-aversion among the traders, and pulled funds away from the ”safe haven” dollar.
Nonfarm payrolls report in the US showed a 117k gain in July, following 46k gain in May (revised positively from 18k). The median forecast for this …
EUR/USD fell today on concerns about indebted nations of the European Union. The currency pair jumped after the report showed that the US nonfarm payrolls grew last month grew in June with slowest pace in nine months and the unemployment rate unexpectedly increased, but quickly erased gains and resumed its decline. …
EUR/USD fell today on fears that the debt crisis in Europe may worsen. Yesterday the currency pair rose as Federal Reserve Chairman Ben S. Bernanke signaled that the Fed is going to maintain its quantitative easing program “as US economic growth so far this year looks to have been …
EUR/USD experienced a sharp downfall today after the US nonfarm payrolls showed that employment growth rose accelerated, instead of slowing according to forecast. On the other hand, unemployment also increased. US consumers increased their borrowing in March, suggesting that Americans feel optimism for their economic future. EUR/USD currently …
