Archive

EUR/USD was rising today, but sank after US nonfarm payrolls came out better than was predicted and unemployment rate unexpectedly decreased. Service industry also showed positive tendencies. On the negative side, factory orders grew with slower pace than was expected by specialists. The currency pair …

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 gained today as Germany and France discussed changes to the European Union treaties that may result in stronger fiscal integration of the EU members. The negative data from the United States also helped the currency pair.

ISM services PMI posted a decrease to 52.0% in November from 52.9% in the month before instead of the expected …

EUR/USD advanced today after the European Central Bank surprised markets, reducing its main interest rate (event B on the chart), and Greek Prime Minister George Papandreou canceled the planned referendum. The European Union leaders threatened to throw Greece out of the Union in case the country would reject the bailout. The lower interest …

EUR/USD declined today as the positive ADP employment report made Forex traders hope the non-farm payrolls (released later this week) would be good. The services sector of the United States continued its expansion in September with almost the same pace as in the month before. Federal Reserve Chairman Ben Bernanke testified…

EUR/USD posted a biggest drop in a month today as European Central Bank President Jean-Claude Trichet said that the ECB policy makers “expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks”. (Event A on the chart.) Market participants speculated that such words mean the ECB …

The euro traded mixed against the US dollar after today’s macroeconomic reports, gaining considerably before the European trading session started. Noteworthy is the fact that the EUR/USD reacted positively to the positive US reports and vice versa for the negative ones today.

ADP employment report showed a seasonally adjusted growth of the payrolls …

EUR/USD extended its decline today for the second day as Moody’s Investor service downgraded Portugal’s credit rating and warned about possible default in Greece. The economic data from the US was worse than expected, but the US employment reports later this week should be real drivers of the Forex market. …

EUR/USD soared today as Greece will receive new bailout and the US economy provided another evidence of its weakness. The report about service industries was good, but impact of the disastrous nonfarm payrolls can easily overshadow any good signs from the US. EUR/USD trades now at about 1.4632.

Nonfarm …

EUR/USD rose today on speculation that the European Central Bank will raise its main interest rate tomorrow, while the Federal Reserve won’t have courage to scrap its stimulating program. The currency pair surged in the first half of the day, but after 14:00 started a steady decline. Currently the euro struggles …