Forex Blog

The dollar touched a new record for 2010 versus the euro as a quarterly gross domestic product report published today surprised traders with actual figures coming considerably above forecasts, suggesting that the U.S. economic recovery is accelerating, and allowing the dollar to post a weekly gain versus a less attractive euro due…

The EUR/USD currency pair continues on a bearish trend despite a rather disappointing final U.S. GDP report for this year’s third quarter, considering that this reading, being the final for this quarter, has less impact among traders then previous ones, specially since the first for each quarter, already show…

The EUR/USD currency pair was rising considerably after falling yesterday but did not manage to sustain its near to $1.50 level as U.S. gross domestic product data declined significantly from the past quarter, bringing risk aversion back to markets and favoring refuge currencies, specially the yen. At the moment, EUR/USD…

EUR/USD gained for the firs day in a week today after the U.S. GDP report for the third quarter came out and positively surprised the investors. Accompanied by the growth of the stock markets, the euro rose against the U.S. dollar on better prospects for the world’s biggest economy. EUR/USD is now trading near 1.4780.

Advance estimate…

The U.S. dollar dropped against the euro today after some rather good fundamental reports on employment and total economic output. But the upward spike on the EUR/USD chart, which is significantly higher than the daily gain hints that the bearish sentiment among the traders is still quite strong near 1.4670…

EUR/USD reacted with a small drop immediately after the GDP release today but then retraced and is now trading with a considerable daily gain. The Q2 2009 GDP change value was expected to be negatively revised today but since the revision didn’t happen, traders react on a positive signal…

EUR/USD rose today more than twice as much as yesterday as the news about 2nd quarter U.S. GDP change spurred bullish confidence in the euro and other high-yielding currencies. EUR/USD is now trading near 1.4134.

Advance estimate for the U.S. GDP change in the second quarter of 2009 came out at 1.0%…

The dollar fell at a fastest pace in 3 weeks against the euro today as the Q1 GDP decline was reported to be not so bad as expected. EUR/USD is now trading near 1.4114 and technical analysis shows that it will probably continue to grow at least until 1.4350 in the next few weeks.

Preliminary GDP…

Despite the huge and quite unexpected drop of the U.S. gross domestic product in the first quarter of 2009 reported today, the stock markets rose globally, spurring euro and other high-yielding pairs in their gain against the greenback. The interest rates left unchanged weren’t a big news…

Euro traded slightly stronger against the dollar today before and after the reports that only confirmed that the U.S. is still in recession. EUR/USD is currently trading near 1.3591.

Initial jobless claims rose from 644k to 652k last week, while they were expected to go up only…