Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders


EUR/USD Rises as Germany & France Review EU Treaties

December 5, 2011 by

EUR/USD gained today as Germany and France discussed changes to the European Union treaties that may result in stronger fiscal integration of the EU members. The negative data from the United States also helped the currency pair.

ISM services PMI posted a decrease to 52.0% in November from 52.9% in the month before instead of the expected increase to 53.6%. (Event A on the chart.)

Factory orders declined 0.4% in October, compared to the median forecast of a 0.2% drop and the September decline of 0.1% (revised from the 0.3% gain). (Event A on the chart.)

EUR/USD for 2011-12-05

If you have any comments on the recent EUR/USD action, please reply using the form below.

2 Responses to “EUR/USD Rises as Germany & France Review EU Treaties”

  1. Razzzor

    I found interesting indicator , and I really need professional opinion for experinced traiders. I did 5 profitable bids but with small amount and all ++, therefore I need know second opinion befor starting seriose money traiding


    admin Reply:

    Looks interesting. Is it lagging?


Leave a Reply

required (will not be published)