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EUR/USD surged today after the Federal Reserve and five other banks of developed nations announced their agreement to cut interest rates on dollar liquidity swaps. (Event A on the chart.) This measure is viewed by market commentators as a help for European banks to fund its dollar reserves. Before the announcement the currency pair was …
EUR/USD dropped today on the signs that the recovery in Europe stalled. Germany failed to sell 35% of its 10-year bonds, making traders question: what hope has Europe if its strongest economy has such problems with sale of its debt? The United States, on the other hand, continue to show positive signs. …
EUR/USD extended its downfall today as yield on sovereign bonds of the European Union nations continued to rise. The currency pair is currently rising and has potential to erase its losses. The data from the USA was again good with the exception of the inflation that unexpectedly declined.
CPI decreased 0.1% in October on a seasonally …
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 even though concerns about the planned referendum in Greece regarding the austerity measures required to get bailout rule the Forex market. The euro reversed its upward movement for a short time, but currently it resumed its rally. The Federal Reserve helped the currency pair buy keeping the interest …
EUR/USD fell today, while earlier it was moving sideways as traders waited for the outcome of today’s European Union summit. The drop was sharp and its cause is unclear. Today’s data about the US housing market contradicted yesterday’s report as it showed an improvement instead of worsening conditions.
EUR/USD climbed today on the speculation that European leaders will boost the European Financial Stability Facility (the rescue fund). It looks like the optimism was short-live, though, as the currency pair retreated from this day’s high and currently shows tendency to fall. The data from the US continues to be moderately positive, …
EUR/USD was falling today, started a strong rally at about 14:15 GMT, but now it looks like the currency pair resumed its decline. Today’s reports weren’t far from forecasts, were near the previous reading and likely had little impact on the performance of the currency pair. Yesterday’ FOMC minutes …
While EUR/USD is still above today’s open level it is significantly below today’s high level. One of the reasons that helped the dollar to rise against the euro is the macroeconomic report regarding the durable goods purchases.
Durable goods orders decreased slower than expected in August — they were …
EUR/USD was steadily rising this trading session, but slumped sharply after the Federal Market Open Committee announced it’s going to expand their holdings of longer-term securities. Some analysts viewed this announcement as a confirmation of the economic problems in the US. The reports about housing market weren’t supporting such pessimistic …