Forex Blog

After the dollar gained in the beginning of the week as the U.S. economy provided traders with more optimism than in the Eurozone, the greenback slid today as Federal Reserve Chairman Ben Bernanke said that low borrowing costs shall remain in the country as long as the economy need them to surge, declining appeal for the dollar in forex markets.…

The euro traded for the first time in 2010 below $1.40 as the Federal Reserve stated on its interest rates decision report today that the multiple economic sectors are improving in the U.S., and economic stimulus used to help the country to emerge from last year crisis will start to be lifted, helping the greenback to gain…

Finally a change in the EUR/USD currency pair trend was perceived today after a frustrating new home sales report, that came much below forecasts and declining attractiveness for assets in the U.S., after the dollar gained for several straight days versus the euro. After the report, the euro entered an uptrend versus the greenback and currently…

The EUR/USD currency pair was highly influenced today by the rather optimistic market indicator releases. Decreased jobless claims, improved housing market and higher personal spending were the prevailing factors that were pushing the euro up against the dollar, which is often suffering during positive U.S. macroeconomic…

Higher oil inventories combined with the decrease of new home sales in the United States helped the U.S. dollar move forward against the European currency for the fourth day in a row today. EUR/USD is currently trading near 1.4752.

Durable goods orders was the only positive report today that showed a growth…

EUR/USD went up slightly at the Forex market today as the traders are unsure whether it’s a good idea to go for a full-scale correction after months of growth. The currency pair was in a consolidation during the early trading session but then went into a green zone after the traders began to react on the positive consumer…

After posting a clear doji candlestick yesterday, EUR/USD is now falling down despite the good fundamental reports from U.S. accompanied by the stock market growth there today. It’s a rather uncommon case for the dollar to gain with the good macroeconomic reports, but it looks like the traders are…

EUR/USD is currently posting a biggest daily drop since July 10th as the consumer confidence report for July along with the housing data for May cut the traders’ hopes for the fast economical recovery and boosted the attractiveness of the U.S. dollar in the Forex market. EUR/USD is now trading near 1.4173.

S&P/Case-Shiller Home Price index for 20 U.S. states was at a seasonally adjusted level of 140.05 in May —…

EUR/USD posted a sharp gain today after declining for three days in a row as the markets gained on the better fundamental conditions. The  U. S. statistics was mixed today, but still positive enough for EUR/USD to rise. It’s now trading near 1.3937.

Durable goods orders rose by 1.9%…

EUR/USD gained a lot on the Forex market today after the European fundamental reports showed some improvement earlier and the U.S. fundamentals removed recession fears in the later trading session. It’s now trading near 1.3266.

Durable goods orders decreased by 0.8% in March after rising by 2.1%…