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EUR/USD recovered after the previous decline on today’s trading session as the Eurozone consumer prices grew, while the US jobless claims and factory orders posted worse-than-expected results. The inflation in Eurozone rose 2.6% in March. (Event A on the chart.) The currency pair was rising since the beginning of this week and economists think that traders …
Today we had a couple of positive reports from the US, yet the euro continued to rise versus the dollar. The optimistic predictions about the nonfarm payrolls proved true and the unemployment rate declined, even though it was expected to increase. The European currency showed signs of weakness after the release of the reports. EUR/USD trades …
President of the European Central Bank Jean-Claude Trichet said that inflation risks are “broadly balanced”, reducing bets that ECB will raise interest rates and driving EUR/USD down. At the same time, US service industries and factory orders posted surprisingly good results, supporting speculations that the Federal Reserve …
The beginning of the new year looks good for the dollar as virtually all reports from the US so far showed positive results and today’s reports weren’t different. The reports showed that employment improved and services industries expanded in the US. As a result, EUR/USD dropped heavily from the opening rate of 1.3307 and trades currently near …
The euro extended its rally against the dollar for a third day as nonfarm payrolls were far lower than expected and unemployment rate unexpectedly increased. Factory orders also were worse than forecast. EUR/USD currency pair currently trades near 1.3342.
Nonfarm payrolls report showed that US employers …
Economic reports from the US were rather beneficial for the dollar today, but their influence was outweighed by the announcement of the quantitative easing by the Federal Reserve. EUR/USD surged and is likely to rise further. EUR/USD trades now at 1.4132.
ADP employment rate increased by 43k from September to October on a seasonally adjusted …
The euro fell versus the dollar today after a strong rally last week. The currency slowed its declined for now, but trades way below its last week’s highs and today’s opening level. Concerns for Europe’s economy should be a main reason for this decline as there was not much data …
The euro was declining at this Forex session against the dollar, than surged and now falling again. Values of jobless claims and nonfarm productivity in the US were near forecasts, but pending home sales presented a pleasant surprise for traders, growing significantly. On the other hand, factory orders rose less than expected. …
The USD slumped at the start of today’s Forex trading session, but later began gradually to rise. Unfavorable reports may reverse this trend, though. EUR/USD trades now at 1.3189.
Personal income and personal spending grew less than 0.1% in June. In May personal income increased by 0.3% (revised down from …
EUR/USD currency pair extended its gains today as lower-than expected nonfarm payrolls and decreasing factory orders added to signs that the U.S. economic growth slows. While the employment in the U.S. was showing troubling results for some time, the manufacturing sector previously supported the optimism for the U.S. And even it can’t support …
