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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 erased its previous losses today as eurozone manufacturing PMI advanced this month (event A on the chart), suggesting that the situation in Europe isn’t as bad as was thought. US economic data today again was worse than expected, except for the robust growth construction spending.
ADP employment report showed …
EUR/USD started today’s trading session flat and even began to head down, but rallied after a report showed declining pending home sales. The currency pair was further boosted after the Federal Reserve extended the target for exceptionally low interest rates from mid-2013 to late 2014.
Pending home …
EUR/USD reached today the highest price since January 4 as Spain sold more government bonds than its maximum target at today’s auction, while French borrowing costs fell. It was a bit disappointing day for the United States as reports showed that economic growth and housing sector stalled. On the other …
EUR/USD jumped to the highest level this week today after European Central Bank kept its main interest rate unchanged at 1.0% (event A on the chart) and ECB President Mario Draghi said he sees signs that European economy is stabilizing (event B on the chart). Most of today’s reports from …
EUR/USD dropped to the low last seen in September 2010 as concerns about the European crisis returned to the Forex market, while the US economy continued to show signs of recovery. Today’s data was good, especially the unexpected advance of employment. That allows traders to believe that nonfarm payrolls will be better than …
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 was rising today, but later dropped sharply. The European Central Bank was providing loans today to support the eurozone economy, but the bank’s effort failed to alleviate the fears of the debt crisis. Today’s report confirmed that the US housing market is improving, even though the actual reading was …
EUR/USD slipped today as costs of Italy’s and Spain’s debt increased. The currency pair followed yesterday’s patter: it was moving sideways in the first half of session, but broken down in the second half. The US import and export prices report left mixed feelings. It was noticeably better than the data in the previous …
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.
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