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EUR/USD dropped today, erasing yesterday’s gains and touching the lowest level since August 2010, on fears of potential credit downgrades of European countries by Standard & Poor’s. Confidence of US consumers improved more than was predicted, but trade balance deficit widen more than was forecast, …

EUR/USD trades flat currently, though it had violent swings during the trading session. The European leaders are meeting in Brussels now and the Forex market holds breath, awaiting the outcome of the summit. There are rumors that the politicians have some disagreement. The data today showed that the US consumer sentiment …

EUR/USD rose today after Standard & Poor’s confirmed France’s top AAA credit rating, following the message about a downgrade of the rating that was sent because of a technical error. Fundamentals remained negative for the euro, though. Yield on French 10-year bonds surged, adding to concerns about the European crisis. The data …

EUR/USD was falling today, started a strong rally at about 14:15 GMT, but now it looks like the currency pair resumed its decline. Today’s reports weren’t far from forecasts, were near the previous reading and likely had little impact on the performance of the currency pair. Yesterday’ FOMC minutes …

EUR/USD posted a biggest drop in a month today as European Central Bank President Jean-Claude Trichet said that the ECB policy makers “expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks”. (Event A on the chart.) Market participants speculated that such words mean the ECB …

EUR/USD was rising from the beginning of today’s trading session, but about 8:45 GMT it started decline that continues to the present time. The currency pair has got a small boost from the report that showed an increase of the US trade balance deficit, but the rally failed almost as soon as it …

EUR/USD posted a huge slump today on increasing concerns about the debt crisis in Europe. Italy may need help and some experts claim that in such case the European Union would be required to increase its bailout fund. The currency pair erased its losses after the report showed that the US …

EUR/USD extended its losses today as the European Central Bank left its benchmark minimum bid rate unchanged at 1.25% (Event A on the chart.). Such decision was expected by economists, but concerns that the Bank will avoid increasing of interest rates because of fiscal problems of the Eurozone hurt the currency pair anyway. …

EUR/USD traded without any particular trend in the first half of today’s trading session, but plunged heavily in the second. Greece with its debt problems continues to threaten stability of the Eurozone and the European policy makers may refuse to extend the deadline for repaying the debt if the country wouldn’t take measures to improve its …

EUR/USD rose today, following yesterday drop. The currency pair weakened somewhat a few hours ago, but now regained its strength. The deficit of both trade balance and federal balance decreased, even though it was still above forecasts. EUR/USD currently trades at about 1.4487.

US trade balance…