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Forex blog posts about Philadelphia Fed are presented here. You can click the selected excerpt's title to continue reading on 'Philadelphia Fed'.

EUR/USD Higher on European Debt Auctions

January 19th, 2012

EUR/USD reached today the highest price since January 4 as Spain sold more government bonds than its maximum target at today’s auction, while French borrowing costs fell. It was a bit disappointing day for the United States as reports showed that economic growth and housing sector stalled. On the other …

EUR/USD Ends Decline on Spanish Bond Auction

December 15th, 2011

EUR/USD advanced today, ending the three-day decline, after Spain’s debt auction exceeded its maximum target. The US data today can be considered good for the most part, most notably unemployment claims that continue to fall.

PPI increased 0.3% in November, exactly as forecasts promised. The index declined with …

EUR/USD Doesn’t Know Where to Go

November 17th, 2011

EUR/USD was rather volatile today. Initially the currency pair slid as yield on French and Spanish bonds jumped. Later French borrowing costs declined, pushing the euro higher. Currently, EUR/USD remains near its opening level, but is showing a downward pattern.

Housing starts were at a seasonally adjusted annual …

EUR/USD Doesn’t Know Where to Go as Traders Uncertain About Europe

October 20th, 2011

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 Rises as ECB Boosts Liquidity

September 15th, 2011

EUR/USD rose today for the second day as the European Central Bank announced it will lend dollar to the bank of the Eurozone, reducing concerns about liquidity. There was plenty of macroeconomic data from the US, but it was rather confusing. Consumer prices, current account and industrial production signaled about recovery …

EUR/USD Slumps, US Macroeconomic Data Mixed

August 18th, 2011

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 Jumps After EU Summit

July 21st, 2011

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 Slows Decline, Remains Weak

June 16th, 2011

EUR/USD slowed its decline, but the euro is far from being strong. Speculations that Greece’s government may be disbanded and that the nation may face default aren’t helping the currency. The US dollar, on the other hand, is supported by the fundamentals. The reports were very good today, with the notable …

EUR/USD Volatile, US Economy Looks Bad

May 19th, 2011

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 Rises as US Manufacturing Growth Slows

April 21st, 2011

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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