Forex Blog

EUR/USD retraced from the yesterday lows set on the bad signals from Europe. Fundamentals that came out in U.S. today aren’t very positive for the dollar, while the interest rate decision by FOMC didn’t bring any real surprises to the market, but decreased the general risk-aversion, helping such currencies as the euro. The currency…

The dollar outperformed virtually all of the 16 main traded currencies as domestic reports ranging from manufacturing to housing showed better than expected numbers for the U.S. economy, boosting attractiveness for assets in the country as the economic growth accelerates. The euro erased yesterday’s gains as the EU is unlikely to fund a bailout for Greece to solve its…

The EUR/USD declined intensively today as risk aversion remained high favoring the U.S. dollar as Chinese equities markets dropped on the country’s new lending restrictions. The euro continues to suffer from a negative sentiment fueled by concerns regarding the growing Greek budget deficit, and as data published in the U.S. came within forecasts with a slightly…

The EUR/USD currency pair rose today after the Federal Reserve announced that interest rates in the United States will remain at a record low for an extended period, this fact declined speculations that rate hikes could come sooner-than-expected, halting a rally for the greenback versus the main traded currencies in foreign-exchange markets. At the moment…

The EUR/USD currency pair remained bullish during most of today’s session paring previous losses from the beginning of the week, the interest rate outlook in the United States sees no hikes in the mid-term future, shunning away traders from dollar-priced assets. The construction industry provided frustrating numbers today on building permits and housing…

Although EUR/USD managed to hit its new record high level (since August 11th, 2008) today, the currency pair is trading in a red zone as the demand for dollar pulls it down. The decreased producer prices and the below-forecast values on housing that were reported in U.S. today press heavily on EUR/USD during…

The euro is currently showing a small daily gain against the U.S. dollar — its fourth bullish daily candle this week. The series of the better-than-expected or just good macroeconomic reports from the developed economies increases the attractiveness of the euro and other riskier assets as the investment medias. Today EUR/USD set its new highest…

EUR/USD posted a big gain today, following a smaller rise shown yesterday, and is now trading just below Friday’s open level. The growth of euro against the U.S. dollar happened despite the poor fundamentals from Europe and other developed economies. United States aren’t very rich on the important Forex-influencing reports…

Dollar seems to be reacting positively to the good news from the U.S. housing market, despite the fact that improvement in the real state sector signalizes the recovery of the economy, which usually leads to the rise of the high-yielding currencies and the fall of the low-risk currencies…

EUR/USD rose today after the yesterday’s deep fall. It’s still trading below the Monday’s open level but managed to recover more than a half of its loss. Good housing statistics from U.S. made Forex traders to bet against the dollar in favor of the high-yielding currencies. EUR/USD is now trading…