Forex Blog

The EUR/USD currency had a change on its positive trend today despite a fall in the U.S. number of pending home sales, as factory orders rose in North America and mainly thanks to an ECB statement affirming that stimulus will last as long as they are necessary to help the region’s economy to increase its pace of recovery.…

The U.S. currency climbed again versus the euro even if reports published today in North America weren’t surprisingly optimistic, as the Eurozone economic struggle is the main factor moving the EUR/USD currency pair. The ECB made comments today mentioning the rising budget deficits in some nation’s using the single currency, forcing…

The EUR/USD currency pair chart oscillated within a considerably low amplitude as mixed U.S. data coming from the real estate and the secondary sector were published today, but with a slight advantage to the euro, which is posting the third consecutive day of gains versus the U.S. currency as traders started the year with…

EUR/USD is currently showing the biggest daily drop since March 27 this year as the nonfarm payrolls report positively surprised the dollar bulls, giving a lot of confidence in the U.S. currency. The higher dollar sent the commodity and equity markets in the red zone despite the promising fundamental conditions. EUR/USD is now trading…

EUR/USD showed the biggest daily growth since early September today and reached a new weekly high as the Federal reserve released a very optimistic monetary policy statement, citing faster recovery and lower inflation, which still allows interest rates as low as they are now. Although the amount of planned purchase of the debt…

The euro rose against the U.S. dollar today despite the unexpectedly bad values reported on the two important macroeconomic indicators in United States. With each new trading session it looks like the dollar is becoming more and more positively correlated with the U.S. economy, losing when the fundamentals are bad…

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…

Two of the three major fundamental indicators of the U.S. economy showed a worse than expected results today in the respective reports, causing EUR/USD to continue its rather slow and uncertain correction on the Forex market. It fell for a second day today, going below the yesterday’s lows. Currently, it’s trading near 1.4369.

ADP…

EUR/USD declined past the yesterday’s open level today as the currency traders reacted on the deeper than expected drop in the U.S. nonfarm payrolls. Worsening of the employment market situation spurs speculations that the recovery from the current crisis may be quite far from now. Going…

EUR/USD fell by the largest extent since April 27 today as the U.S. macroeconomic indicators failed to maintain the bullish interest in the high-yielding currencies. The oil inventories rose also pressing on the oil prices and thus on the commodity currencies. EUR/USD is now trading near 1.4122.

ADP…