Forex Blog

The EUR/USD currency pair reached its maximum level since February 11th today before the report on the retail sales was released in U.S. It showed a better than expected value but the dollar gained and reached its daily high before the report has been made available to the public. EUR/USD showed…

The EUR/USD currency pair is ending this week posting a decline as economic data published in Europe was again less optimistic than in the U.S., after retail sales and business inventories improved in the North American country in reports published today, as well as employment conditions, which could be verified in a jobless claims report…

Once again Greece’s economic situation influenced the EUR/USD currency pair setting it down after several days of gains for the European common currency. Even if the U.S. didn’t provide positive data today, the euro remained less attractive as ECB officials and Angela Merkel showed concern regarding Greece’s raising…

The EUR/USD currency pair dropped to the lowest levels since early October today as the fundamental indicators in U.S. showed that the country is performing better than the traders and the investors expected previously. Although the Wall Street is trading quite mixed, the dollar is performing well against everything on Forex. EUR/USD is…

The dollar traded lower against the euro during the trading session today and came close to the euro’s major resistance level near 1.5000. EUR/USD benefits from the unexpected jump in the retail sales reported for October, ignoring the disappointing data on the manufacturing sentiment index. The currency pair is currently trading near 1.4975, maintaining…

EUR/USD rose to its maximum level in more than a year today as the set of the fundamentally stimulating reports moved the global stock markets up, lowering the attractiveness of the U.S. dollar as a reserve currency. Along with the better than expected macroeconimical statistics and the FOMC minutes release, EUR/USD was also spurred by…

EUR/USD is down today even with the optimistic reports from both Eurozone and United States coming out. The currency pair is currently forming an inside bar chart pattern from the technical point of view. I believe we are back to a more “normal” logic where USD is benefiting from…

The dollar continued its decline against the European currency today even after the macroeconomic reports from U.S. showed a rather bad performance for the economy which is said to be the ”first out” of the crisis. The traders are probably still inspired by the positive GDP reports from Germany and France. EUR/USD is…

Dollar continued to consolidate against the euro today despite the pro-recovery reports that were released today. It looks like the markets are still under a strong influence of the yesterday’s U.S. budget statement. EUR/USD is currently trading near 1.3967.

PPI rose by 1.8% in June, following 0.2% increase…

EUR/USD went up today after the yesterday’s decline as the U.S. fundamental reports showed some optimism for the global economy revival and the traders favored yield more than risk. It’s now trading near 1.4043.

Retail sales were reported with a growth of 0.5% for the month…