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EUR/USD was down today as talks between Greece and its creditors continue without any real result, making traders think that an outcome of the discussion will be unfavorable. Additionally, there is speculation that measures proposed on the last EU summit won’t be enough to end the European credit crisis. …
EUR/USD was at the highest since December 21 as yesterday’s pledge of the Federal Reserve to keep interest rates low at a prolonged time continued to push the dollar lower. Macroeconomic reports weren’t helping the US currency as housing and jobs data was negative, while leading indicators rose less than expected.
EUR/USD reached today the highest price since January 4 as Spain sold more government bonds than its maximum target at today’s auction, while French borrowing costs fell. It was a bit disappointing day for the United States as reports showed that economic growth and housing sector stalled. On the other …
EUR/USD jumped to the highest level this week today after European Central Bank kept its main interest rate unchanged at 1.0% (event A on the chart) and ECB President Mario Draghi said he sees signs that European economy is stabilizing (event B on the chart). Most of today’s reports from …
EUR/USD dropped to the low last seen in September 2010 as concerns about the European crisis returned to the Forex market, while the US economy continued to show signs of recovery. Today’s data was good, especially the unexpected advance of employment. That allows traders to believe that nonfarm payrolls will be better than …
EUR/USD was falling today as Italy sold less debt than the maximum target at the auction and yield rose. The last US reports this year were good with the exception of unemployment claims that climbed last week. Currently, EUR/USD goes higher, erasing much of its losses.
EUR/USD spiked upwardly today, but retreated as the positive fundamental reports from the United States increased attractiveness of the dollar. The decreasing unemployment claims and the improving consumer sentiment confirm that the US economy recovers. The leading indicators were also positive and the economic growth accelerated, even though with slower pace than …
EUR/USD advanced today, ending the three-day decline, after Spain’s debt auction exceeded its maximum target. The US data today can be considered good for the most part, most notably unemployment claims that continue to fall.
PPI increased 0.3% in November, exactly as forecasts promised. The index declined with …
EUR/USD slumped today as European Central Bank President Mario Draghi said that the central bank isn’t going to buy bonds to support the European economy. The ECB decreased its main interest rate by 25 percentage points to 1.00% (Event A on the chart) and that send the euro higher at first. The European currency …
EUR/USD extended its rally after the yesterday’s surge on the announcement of the joint action of the major central banks to make dollars cheaper in swaps among banks. Today, Spain achieved the maximum target in the debt auction, while the yield on the French bonds fell. The data from the United States was positive for the most part, but …
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