During last week, the US dollar slightly depreciated again against the Euro. This week several reports will come out and may affect the forex markets especially the Euro USD for the week of February 24th to February 28th; these include:…
The US dollar depreciated against leading currencies such as Euro, Japanese yen and Aussie dollar during last week. In the upcoming week several reports, decisions and events will come to fruition including: Minutes of FOMC meeting, U.S PPI, U.S existing…
The Euro USD rallied during last week. Its rally coincided with the recovery of other leading currencies against the US dollar including Japanese yen and Aussie dollar. During last week it was reported that U.S existing home sales declined by…
The Euro USD continued its upwards trend even though the U.S reports showed signs of growth: Housing starts declined by 9.9% during June compared to May; Philly Fed index also rose to 19.8 in July; U.S jobless claims fell by…
The Euro/USD currency pair changed direction and bounced back during last week. The minutes of the FOMC meeting and Bernanke’s remarks may have changed investors’ perspective regarding whether the FOMC will taper its QE3 program in 2013, which is likely…
The Euro/USD currency pair dropped again during last week. The ECB rate decision and slightly better than expected U.S non-farm payroll report may have contributed to the recent decline of Euro USD. Will the Euro USD continue to trade down…
The Euro/USD resumed its downward trend and traded down last week. Last week’s U.S reports showed signs of progress: new home sales rose during May; new orders of manufactured durable goods increased by $8.0 billion or 3.6%; consumer confidence report showed…
The Euro/USD changed direction and fell last week but remained slightly above the 1.3 mark. Last week’s FOMC policy meeting ended with Bernanke hinting the Fed may ease down QE3 in the coming months if the US economy will keep…
The Euro/USD slightly rose last week and traded above the 1.3 mark. This rally might change direction this week, however, as several reports and decisions will unfold that could drag the Euro down below the 1.3 mark. These items include:…
The AUD/USD changed direction and rallied last week and traded around the 0.94-0.96 range. This recent recovery might have been partly driven by the rally of the Euro/USD and partly as a correction to the previous week’s fall. This week…