Forex Blog

The EUR/USD currency had a change on its positive trend today despite a fall in the U.S. number of pending home sales, as factory orders rose in North America and mainly thanks to an ECB statement affirming that stimulus will last as long as they are necessary to help the region’s economy to increase its pace of recovery.…

The U.S. currency climbed again versus the euro even if reports published today in North America weren’t surprisingly optimistic, as the Eurozone economic struggle is the main factor moving the EUR/USD currency pair. The ECB made comments today mentioning the rising budget deficits in some nation’s using the single currency, forcing…

I’ll try to cover the latest fundamental reports from the U.S. economy that affected the EUR/USD pair this week. Today, the dollar is losing against the euro, but overall week is almost a perfect doji candle with a lower spike being a bit longer than the upper one. The weekly high…

EUR/USD fell for the fourth day on the Forex market today and, although the decline is rather insignificant compared the last week’s drops, it’s still a fall that continues a technical bearish trend and has some strong fundamental reasons. The mixed economic reports coming from U.S. spur risk-awareness among the traders,…

EUR/USD continued to fall today as the ECB kept interest rate unchanged and the U.S. productivity in the first quarter of 2009 rose faster than expected. The currency pair is now trading near 1.4121.

Initial jobless claims were at 621k last week, down from 625k reported for…

EUR/USD rose immediately after ECB announced a rate cut today but then began to fall sharply before the reports on the U.S. employment sector were released. Now it’s trading near 1.3360 — above its daily open level at 1.3312.

ECB decided to cut the interest rate…

Dollar started to trade higher today against euro after the productivity report by the Bureau of Labor Statistics came out, as it was trading against pound sterling earlier in the morning after some bearish data on United Kingdom PMI and housing were released.

Nonfarm productivity (revised value) in third quarter of 2007 increased…

This is a bit confusing situation for the financial markets, since the good economical data from United States should empower USD causing EUR/USD to fall, but today good data on labor productivity and ISM services index caused EUR/USD to soar. This can be explained by the increased optimism in the U.S. economy…