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EUR/USD reached today the highest level since December 13 on rumors that talks about Greek credit swaps are progressing. Today’s data eased concerns about the US economy that were caused by yesterday’s reports. The economy expanded last quarter and consumer sentiment improved this month.

GDP rose …

EUR/USD dropped today, erasing yesterday’s gains and touching the lowest level since August 2010, on fears of potential credit downgrades of European countries by Standard & Poor’s. Confidence of US consumers improved more than was predicted, but trade balance deficit widen more than was forecast, …

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 trades flat currently, though it had violent swings during the trading session. The European leaders are meeting in Brussels now and the Forex market holds breath, awaiting the outcome of the summit. There are rumors that the politicians have some disagreement. The data today showed that the US consumer sentiment …

EUR/USD dropped today on the signs that the recovery in Europe stalled. Germany failed to sell 35% of its 10-year bonds, making traders question: what hope has Europe if its strongest economy has such problems with sale of its debt? The United States, on the other hand, continue to show positive signs. …

EUR/USD was down today as pessimism and doubts about ability of the European Union to resolve the debt crisis plagued traders. The news from the US, on the other hand, were largely positive, excluding the falling PPI.

PPI edged down 0.3% in October (seasonally adjusted) after rising 0.8% in September, while median forecast …

EUR/USD declined today as yesterday’s optimism waned surprisingly fast. It’s interesting to see how long positive sentiment persisted on mere speculations earlier, but the actual positive developments of the situation in Europe weren’t able to keep optimism even for few days. The US fundamental data continues to provide conflicting signals. Michigan’s …

EUR/USD jumped today as the leaders of the Group of Twenty started their meeting in Paris today. The G20 chiefs will discuss the European sovereign-debt crisis and the actions needed to be taken in order to resolve the situation that threatens the global economy. The news from the US were good for the most part, except for the preliminary report about …

The dollar rose significantly against the euro today, as the poor macroeconomic statistics from the United States and the global risk-averting mood caused investors to seek safety in USD. Both rising business and consumer confidence in the United States failed to support the currency pair.

Personal income and spending report disappointed the investors today. The income fell …

EUR/USD reversed its rally today on concerns the European leaders won’t be able to contain the debt crisis. The European Union finance ministers meet today in Wroclaw, Poland. Finland’s Finance Minister Jutta Urpilainen said it’s unlikely they reach an agreement about measures necessary to deal with the debt issues.…