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EUR/USD rose today after European Central Bank President Marion Draghi announced that Greek party leaders reached an agreement about austerity measures required to receive the next portion of bailout. Earlier, Greece’s Prime Minister Lucas Papademos stated that Greek politicians haven’t been able to reach an accord …

EUR/USD advanced for the second day today as German Chancellor Angela Merkel meets with the head of the International Monetary Fund in Berlin today, following the meeting with the French President yesterday. The meetings spurred risk appetite among investors, deterring pessimist from continuing sell-off. In the meantime, the US economy continued to show signs …

EUR/USD slumped today as European Central Bank President Mario Draghi said that the central bank isn’t going to buy bonds to support the European economy. The ECB decreased its main interest rate by 25 percentage points to 1.00% (Event A on the chart) and that send the euro higher at first. The European currency …

EUR/USD slumped today as Greece struggles to form a new (temporary) government for the third day, while Italy will likely also lose leadership and nobody can guarantee that the nation will avoid problems with forming a new government. The fundamental reports were largely positive for the dollar, driving the currency pair further …

EUR/USD rallied today as the positive US nonfarm payrolls increased risk appetite among Forex traders, but sharply dropped after Fitch Rating cut credit rating of Italy and Spain. Payrolls rose in September much more than were predicted, while the growth in the prior month was upwardly revised. Other …

EUR/USD rebounded today, receiving boost from French banks shares. Earlier the currency pair dropped as expectations of joint actions by Germany and France to resolve the European debt crisis proved to be wrong. Import and export prices in the US showed a positive tendencies last month, but the positive effect of the report was overshadowed …

EUR/USD dropped today as markets remain in risk aversion mode and concerns about Europe’s future persist. The currency pair attempted to rally after the report showed that the US budget deficit widened last month, even though it was below expected value. It’s hard to say at present how sustainable …

EUR/USD fell today on concerns about indebted nations of the European Union. The currency pair jumped after the report showed that the US nonfarm payrolls grew last month grew in June with slowest pace in nine months and the unemployment rate unexpectedly increased, but quickly erased gains and resumed its decline. …

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 fell quickly at the beginning of the today’s trading session and recovered even more quickly. After several volatile swings the currency pair doesn’t show any discernible trend. The reason for such behavior is uncertainty about ability of Greece to overcome its credit problems. The positive decision of the European Union policy makers …