The U.S. currency continued to climb versus the euro despite mixed data being published today in North America, with some considerably bad figures as consumer confidence slumped much below forecasts. The factors behind the euro’s downfall are still much stronger than any eventual turbulence caused by negative reports…
EUR/USD declined today after a 2-day consolidation on Forex as the traders sold the pair on expectations of the important macroeconomic reports which were to come out later today. Although, the reports weren’t very surprising and were more pro-bullish for EUR/USD, the currency pair continued to remain low even after releases. It’s now trading…
The EUR/USD currency pair continues on a bearish trend despite a rather disappointing final U.S. GDP report for this year’s third quarter, considering that this reading, being the final for this quarter, has less impact among traders then previous ones, specially since the first for each quarter, already show…
The EUR/USD currency pair was rising considerably after falling yesterday but did not manage to sustain its near to $1.50 level as U.S. gross domestic product data declined significantly from the past quarter, bringing risk aversion back to markets and favoring refuge currencies, specially the yen. At the moment, EUR/USD…
EUR/USD went down for a third day in a row today after the fundamental reports from U.S. showed decline of the confidence in both consumer and manufacturer sectors of the economy. Only housing price index showed a moderate monthly growth today. EUR/USD is currently trading near 1.4810.
The dollar is currently losing against the euro on the Forex arena after falling slightly yesterday. The European currency gains from the improved outlook for the global economy on positive consumer confidence and home price index in U.S. EUR/USD currency pair is now trading near 1.4324.
EUR/USD rose today for the first time after two days of decline as the decline of risk-aversion in the global economies caused the break in the current Forex trends. The fundamental from U.S. were very pessimistic today and probably won’t allow this break in the dollar and…
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