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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 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 was sharply down today at the start of the trading session, but later the decline stopped and currently the currency pair attempts to go higher. The political situation in Europe isn’t good for the euro as Spain became yet another country that lost government because of its inability to resolve the debt issues. Yet the situation …
EUR/USD virtually hasn’t gone anywhere in the past three days. The currency pair shows strong swings, but ends at about the same level as the sentiment about Europe and its problems changes from optimistic to pessimistic and than returns to optimism almost every hour, if not a minute. Generally, uncertainty plays more …
EUR/USD extended its yesterday’s drop as risk aversion, spurred by the FOMC statement, continues to affect the Forex market. The fundamentals today weren’t very bad, actually, as jobless claims decreased and leading indicators rose.
Initial jobless claims decreased to 423k from 432k in the week ending September 17. The actual value was …
EUR/USD tumbled today as inflation in the US accelerates, while concerns about the debt problems in Europe persist. US leading indicators also rose. Yet there were plenty of bad news for the United States. Jobless claims rose and existing home sales fell. Manufacturing was particularly bad, as manufacturing index of Philadelphia …
EUR/USD jumped today after at the European Union summit a draft was devised, that should made a period of default in Greece as short as possible and would prevent the sovereign-debt crisis from spreading to other European nations. Today’s macroeconomic data showed that US manufacturing is regaining its footing, while unemployment …
EUR/USD jumped today as it seems that the European leaders have made headway in reaching agreement about plans to save the Eurozone, and Greece in particular, from the debt crisis. The US leading indicators rose last month more that expected and that’s a good sign, which was muted, though, buy the declining …
EUR/USD jumped up and down today. The euro weakened the decline of stocks and commodities drive investors to safe assets, but the dollar also loses strength as the US economy continues to show signs of weakness. The US jobless claims decreased last week and that was good news, but virtually all other reports …
EUR/USD jumped today, weakened later and now attempts to regain its strength. The fundamentals supported this move as the growth of the US manufacturing sector slowed significantly and the unemployment claims decreased less than forecast. The leading index was still positive, though. EUR/USD trades at about 1.4568 now after rising earlier …
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