Forex Blog

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…

EUR/USD fell from 1.3242 to 1.3222 (only 20 pips) today. The news reports from U.S. were mixed, but they were bad enough to destroy the market optimism and shift the focus on the Forex from the dollar’s weakness to tomorrow’s ECB rate decision.

According to ADP report, the private…

EUR/USD fell yesterday after the reports on the growing personal income and spending showed that the U.S. consumers may help the country’s economy to recover faster from the crisis. The declining construction spending failed to move the dollar down against the euro yesterday. The…

EUR/USD advanced today after the weekly opening gap and even rose above the Friday’s close level. Some of the fundamental reports in U.S. were slightly better than the traders have expected, so the currency markets reacted with the growing high-yielders. EUR/USD is currently trading near…

EUR/USD continued to decline today after falling through the second half of the last week as the demand for the low-risk U.S. dollar and Japanese yen rose. The fundamental indicator that were released in U.S. today signaled nothing positive for the global economy, thus…

EUR/USD went down today after rising to 1.2897 early today. A bit of optimism brought by the positive Asian trading dissolved fast after European stock markets failed to continue the rally. EUR/USD is currently trading near 1.2776 after housing and manufacturing data releases in U.S.

ISM PMI (manufacturing index)…

EUR/USD continued to fall today after the yesterday’s record-breaking decline, despite the unexpectedly low reading of the influential ISM purchase manager’s index. EUR/USD broke the technical and psychological support line at 1.4000 during the trading session, but then return to the levels above and is now trading near…

EUR/USD declined today from 1.5596 to 1.5560. Although the early decline was strong, the U.S. employment report disappointed many traders who bought dollars and it corrected almost a half of its earlier gains. But even after the report dollar is still trading higher against euro than…

The dollar traded with an elevated volatility against the euro today, going both high above the opening level and diving down below it. The overall fundamental background is positive for the greenback today. Yesterday’s report on Chicago PMI index also supported the U.S. currency. Currently…

EUR/USD fell by more than 60 pips today as the fundamental reports from U.S. signaled that the economy is improving there.

Construction spending was expected to fall by 0.6% in April; instead it was down only 0.4% after 1.1% drop in March.

ISM report on manufacturing sector of the economy showed…