Forex Blog

EUR/USD is currently showing a perfect Doji candlestick patter on the chart as the traders reacted to the improved trade balance deficit of the United States. Meanwhile, the jobless claims remained near the same level as a week before, leaving the Forex traders no real guidance for the short-term future. EUR/USD is now trading near 1.3659.…

The dollar continued to fall versus the euro this Wednesday despite positive data provided by the monthly ISM non-manufacturing report, as, once again, news involving Greece are the main factor influencing the EUR/USD currency pair’s trend, this time, on the euro’s side as Greece showed a new series of measures to tighten its…

After the dollar gained in the beginning of the week as the U.S. economy provided traders with more optimism than in the Eurozone, the greenback slid today as Federal Reserve Chairman Ben Bernanke said that low borrowing costs shall remain in the country as long as the economy need them to surge, declining appeal for the dollar in forex markets.…

The EUR/USD oscillated considerably today after reaching the lowest price in 9 months as mixed data published in the U.S. caused divergent opinions among traders towards the dollar. Speculations that the Fed might lift economic stimulus and that some investors may start buying back euros allowed to euro to pare some…

The EUR/USD currency pair is ending this week posting a decline as economic data published in Europe was again less optimistic than in the U.S., after retail sales and business inventories improved in the North American country in reports published today, as well as employment conditions, which could be verified in a jobless claims report…

After rising since the beginning of this week, the EUR/USD currency pair dropped today as risk aversion returned to markets, making investors to opt for the safety provided by the greenback once again. Positive employment data published today in the U.S. also reiterated the hypothesis that the North American economy is currently more solid…

The euro traded for the first time in 2010 below $1.40 as the Federal Reserve stated on its interest rates decision report today that the multiple economic sectors are improving in the U.S., and economic stimulus used to help the country to emerge from last year crisis will start to be lifted, helping the greenback to gain…

Another consecutive day of losses for the European single currency this Thursday evidenced a decrease in attractiveness for the euro as services and manufacturing reports published today showed worse than expected figures in the Euroland. The U.S. dollar continued bullish today versus several currencies despite mediocre data showed in nation’s reports today. EUR/USD…

The EUR/USD currency pair had a day of high volatility as the dollar is experiencing a decline on its sentiment, since the U.S. economy provided some worse than expected figures in reports published during the past few days. Today’s beige book was expected with concern by some analysts with a negative tone…

The EUR/USD currency pair started the day bearish as Greece’s financial situation once again raised concerns about some of the Eurozone member’s credit ratings, declining attractiveness for the European single currency. U.S. data published today did not impact intensively the outlook for the greenback, as data came slightly disappointing, but within…