Forex Blog

EUR/USD showed a high bullish spike today on Forex after bouncing off the 1.5140 technical resistance level. The currency pair was influenced by the set of fundamental events, among which the ECB monetary policy statement wasn’t the least. The Eurozone regulator decided to tighten the money giveaway by scaling down the emergency measures that…

EUR/USD failed to to demonstrate a technical correction after the yesterday’s record fast growth, as some more good data on the employment market came out in U.S. today. During the early trading session, a downward movement was rather significant in euro/dollar market but the pair quickly recovered after the reports were released. EUR/USD…

Euro traded below its opening level against the U.S. dollar today as the fundamental reports in the United States were bad enough to raise the risk-aversion, but not bad enough to press on the greenback. In addition, the European Central Bank cut the interest rate…

Despite the large drops in the employment and the factory orders in the United States, the U.S. dollar stood still against the euro today. Although, there were medium intraday spikes in both directions, the EUR/USD is currently trading close to its opening level — near 1.2856.…

EUR/USD currency pair declined today after showing a moderate growth yesterday. The macroeconomic statistics from U.S. was mixed today — both positive and negative news barely influenced the market. EUR/USD is currently trading near 1.2637, still inside the yesterday’s trading range.

ADP employment report…

The  U. S. dollar rose against euro at a fastest pace since early 2004 today. Although, the growth is mainly attributed to the euro’s weakness, caused by they commantery made by ECB President Jean-Claude Trichet yesterday, the dollar has also a surge of power, rising against all other major currencies today.…

Dollar is still trying to hold its yesterday gains against euro, as it can benefit from the fundamental indicators released today in U.S. EUR/USD rose only from 1.5433 to 1.5449 today after losing more than 100 pips yesterday.

Productivity in the nonfarm business sector grew at 2.6% annually and seasonally adjusted…

EUR/USD fell today significantly, recovering from its two-day fall that was observed this week. It went down by more than 0.8% today — from 1.5532 to 1.5380. Good fundamental indicators from U.S. helped dollar to strengthen on Forex.

Productivity in business sector grew up in first quarter of 2008 according to a preliminary report…

Dollar continued to lose its positions on Forex market today. After the major economic releases came out in U.S. EUR/USD touched a new absolute maximum at 1.5300 and even GBP/USD recovered from the weekly bottom, which was formed after the bad macroeconomic statistics in was released in U.K…