Archive

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 jumped today as China’s and US Purchasing Managers’ Index rose, while global stocks rallied, reducing demand for the dollar as a safe currency. The minutes of the FOMC meeting indicated that committee members believe that more stimulative monetary policy may be required in the future.

ISM manufacturing PMI was at 53.9% …

EUR/USD was trading flat at the beginning of today’s trading session, but in the second half of the session rapidly declined and remained weak as of now. The currency pair slid yesterday as Moody’s Investor Service warned about possible downgrade of the European countries’ credit ratings. The US retail sales report was worse than …

EUR/USD was volatile today as the impact of concerns about Europe and the resulting demand for the dollar as a safe haven was negated by worries about the situation in the United States. The congressional deficit-reducing supercommittee failed to reach consensus on spending cuts required to tackle the budget shortfall. Despite the political impasse, rating agencies signaled that they …

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 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 …

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 …

EUR/USD currency pair was slowly declining today, but jumped after the Federal Open Market Committee maintained the interest rates near zero and suggested that it may keep the exceptionally low rates for the next two years. The extremely dovish statement wasn’t very helpful for the euro, though, as it erased …

EUR/USD posted a huge slump today on increasing concerns about the debt crisis in Europe. Italy may need help and some experts claim that in such case the European Union would be required to increase its bailout fund. The currency pair erased its losses after the report showed that the US …

EUR/USD rose today after Greece’s Prime Minister won a confidence vote, but erased gains on the speculation that the Greek government will struggle to implement austerity measures, which are very unpopular among Greece’s population. The currency pair remained weak even after the US central bank maintained the interest …