Today EUR/USD renewed its historical maximum value on Forex. It touched 1.5275 shortly after the news releases from U.S. concerning the construction spendings and ISM index for manufacturing business came out. The currency pair dropped down significantly after hitting this…
With an impressively high ISM Services index today’s macroeconomic data from United States was a very optimistic news for USD bulls. June ISM non-manufacturing index came out at 60.7% — 1% higher than May number, and a lot better than expected, since the negative change in ISM index…
Today Forex was a very unlucky place for U.S. dollar as the EUR/USD rallied to its two months high at 1.3630. Even good ISM index data (56% — a 1% rise — against 55% expected) couldn’t help U.S. currency after last week losses. It is almost certain now that…
Forex market today brought another surprise to the traders as the USD unexpectedly fell to 3 weeks low on mixed data from Eurozone. While some major macroeconomic indicators failed to show any good data for the Eurozone, EUR/USD reached 1.3553. Although it’s rolled back pretty fast, EUR/USD is still…
EUR/USD broke through 1.3400 today on Forex market — showing a new 7-week low. Good macroeconomic data from U.S. was the reason for this break-through. Nonfarm payrolls — a major employment indicator of the U.S. economy — increased by 157,000 in May (22 thousands more than expected), while ISM Index — reported an increase…
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