The dollar started the week reverting last week’s trend versus the euro and dropped as risk appetite reappeared in markets this Monday, forcing equities up and declining appeal for the safety of the greenback. Personal spending and income increased in the U.S. adding appeal for riskier assets as ISM PMI index rose for another month. EUR/USD currently…
The EUR/USD currency pair started this year with a strongly bullish pattern as commodities and stocks rallied worldwide, declining attractiveness for the greenback. The crude oil traded above $80 a barrel and traders opted for riskier bets to start 2010, affecting the dollar negatively in a day were no events influenced significantly the sentiment for the European…
The EUR/USD currency pair gained today as risk appetite increased after the Dubai debt delay is likely to be solved with the help of the U.A.E. central bank as well as pending home sales in the U.S. unexpectedly rose, bringing optimism and appeal to risk as the United States real estate sector shows signs of improvement.…
EUR/USD rallied on the Forex market today after a series of macroeconomic reports were released in the United States. Both housing and manufacturing sectors showed some better-than-expected results and helped the euro to grow up against the U.S. dollar. Stock markets reacted with a more than 1% growth. EUR/USD is currently trading…
EUR/USD dropped today, going below the yesterday’s positive trading session’s open level. The traders probably react on the improved personal income and spending growth report, betting for the faster U.S. economy’s recovery. On the other hand, a growth of the dollar may be a result of the bad jobless claims report. Currently EUR/USD is trading…
I’ll try to cover the latest fundamental reports from the U.S. economy that affected the EUR/USD pair this week. Today, the dollar is losing against the euro, but overall week is almost a perfect doji candle with a lower spike being a bit longer than the upper one. The weekly high…
Euro came up against the U.S. dollar unexpectedly today as the key fundamental indicators of the world’s biggest economy showed a positive signal for the euro bulls and dollar bears. It looks like we are heading for another week of global stock positive, which will lead to a continued uprise of such currencies as the euro.…
The euro rose against the dollar today as some important economic indicators in U.S. showed a recovery from the global crisis, while only construction spending report showed a negative dynamics. EUR/USD is now trading near 1.4171 — the highest value since June 5.
Euro continued to advance sharply against the U.S. dollar today as the U.S. are witnessing their biggest bankruptcy case in history. Economic indicators that came out from the United States today (other than GM bankruptcy) were better than expected. EUR/USD is now trading near 1.4209.…
EUR/USD gained yesterday and ended the week in the moderately positive zone as the fundamentals reports in U.S. were predominantly good for the world’s economy and bad for the low-yielding currencies, such as the dollar. EUR/USD ended the week at 1.3274.
Michigan sentiment index grew from…
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