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EUR/USD was tumbling today, but now has found support and tries to decide where to go next. The euro was hurt as Moody’s Investor Service cut Ireland’s credit rating and kept the outlook on negative. Today’s reports from the US showed robust growth of the industrial output and the manufacturing, as well as the unexpectedly strong …
EUR/USD reversed its upward trend today as the European Union leaders cut the startup bailout fund and Portugal’s credit rating was downgraded by Standard & Poor’s yesterday. The US gross domestic product showed a solid economic growth, but the consumer sentiment posted a sharp drop. EUR/USD trades currently at 1.4113.…
EUR/USD regained some strength after it dropped earlier today as the earthquake in Japan spurred Forex traders to buy safer currencies. We had reports of the growing retail sales and business inventories in the US. Consumer sentiment was rather worse than expected. EUR/USD trades now at 1.3835.
EUR/USD dropped today as the reports showed that the US economy improved. The growth of GDP and the improvement of the confidence in the jobs market supported the dollar. On the other hand, the hawkish stance of the European Central Bank may boost the euro. EUR/USD trades currently near 1.3746.
US GDP increased at an annual rate of 2.8% in the fourth …
EUR/USD declined today for the second day, though the drop is slowing currently, as the social unrest in Egypt intensified as President Hosni Mubarak refused to step down. The US reports were in line with analysts’ forecasts and haven’t showed anything important. EUR/USD trades currently at about 1.3558.
US trade balance posted …
EUR/USD dropped today after it was rallying for more than a week. The US economic growth, while a little slower than was anticipated, is still good and consumer sentiment gradually improves. The currency pair rose at the beginning of the trading session, but later was mostly falling. EUR/USD trades now …
The EUR/USD behaved rather jumpy this trading session with an early morning monthly peak, a correction after it and then a new wave up until now. The latter was caused by the series of the macroeconomic releases that came out in US today. EUR/USD is currently trading near 1.3370 after rising …
EUR/USD extended its losses, after it advanced earlier today, as Fitch Ratings cut of Hungary’s credit rating and put Greece’s rating on review for downgrade. US macroeconomic data was generally in line with forecasts and showed a moderate improvement of economy. A notable exception was durable goods orders, which were …
EUR/USD fluctuated today and currently trades near opening level. Earlier the currency pair fell as European policy makers divided in their opinion on how to battle the fiscal crisis. The dollar was further supported by favorable reports about declining trade balance deficit, growing import and export prices and improving consumer confidence. …
EUR/USD rebounded today from an initial decline on speculation that yesterday’s drop was overdone and as demand for a safety waned. Today we had a day rich on a macroeconomic data ahead of holidays. There will be no more economic reports this week. EUR/USD trades now at 1.3375.
