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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 Declines, Yet Remains Stronger Than Yesterday

March 17th, 2011

EUR/USD were rising at the first half of today’s trading session and started to decline later, but for now it trades above the opening level. The reports today were generally positive, with the notable exception of the industrial production and capacity utilization that declined in February. EUR/USD trades at 1.3991 now.

Initial jobless claims

EUR/USD Rises on Jobless Claims & Leading Indicators

February 17th, 2011

EUR/USD advanced today for the second day as the unemployment claims rose and the leading indicators grew less than predicted in the US. On the bright side, the report about the business activity was very optimistic. The currency pair was slowly declining throughout the day, but began to rise after the reports. EUR/USD trades now at 1.3598.…

Skyrocketing Real Estate Sales Drop EUR/USD

January 20th, 2011

The euro have failed to stand against the US dollar today when some important macroeconomic data was released. The first bearish wave was launched by the weekly employment data, but it was recovered in a correction, the second wave was launched by the housing data and it was more successful. EUR/USD is …

EUR/USD Erases Gains as Manufacturing Conditions Improve

December 16th, 2010

EUR/USD rose at the start of today’s trading session as macroeconomic data signaled about a stronger economy in the US. Philadelphia Fed Business Outlook Survey was particularly favorable, signaling about improving manufacturing conditions. Not all reports were good, though. Building permits posted as decline, while forecasts promised an increase. …

EUR/USD Advances as Concerns for Ireland Recedes

November 18th, 2010

EUR/USD advanced for a second day today as talks that a bailout will allow to contain Ireland’s debt problems suppressed concerns somewhat. Today’s report from the US were generally in line with forecasts, except Philadelphia Fed index, which was much better than initially expected. EUR/USD trades now …

US Economy Improves Less than Predicted, EUR/USD Goes Up

October 21st, 2010

EUR/USD rose today as economic data from the US was less encouraging than expected. On the other hand, the data wasn’t very bad by itself: jobless claims decreased, manufacturing conditions improved a little and leading indicators rose. EUR/USD currently trades at about 1.4027 after it dropped to the intraday low of 1.3872.…

Good US Reports Boost Risk Appetite, Pushing EUR/USD Higher

September 16th, 2010

The euro extended its rally against the dollar today as good reports from the US, including report on Producer Price Index and unemployment claims, increased investors’ risk appetite. Philadelphia Fed Business Outlook Survey said that “regional manufacturing activity was nearly flat in September”. EUR/USD trades now near …

EUR/USD Goes Up on Signs of Faltering Economic Recovery

August 19th, 2010

EUR/USD rose today, following yesterday’s decline, as reports from the US today were really bad. Unemployment claims posted increased instead of expected decline and the report from the Federal Reserve Bank of Philadelphia showed that manufacturing activity contracted. EUR/USD trades now near 1.2881.

Initial jobless claims went …

EUR/USD Extends Rally with Slowdown of U.S. Economic Growth

July 15th, 2010

EUR/USD advanced for the third day on today’s Forex session after Spain auctioned its debt, easing concern for the nation’s fiscal system and for Eurozone economy, while news from the U.S. remain bad. True that the U.S. economy continues to expand, but with the constantly slowing pace how long can it …

Dollar Weakens vs. Euro on Unfavorable Macroeconomic Reports

June 17th, 2010

The euro erased its yesterday’s losses against the U.S. dollar as Spanish bond auction alleviated fears of the European debt crisis, while the dollar was weakened by some unfavorable macroeconomic reports. An unexpected increase of initial jobless claims and a sharp drop of Philadelphia Fed index were especially frustrating. EUR/USD currency pair …

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