The Euro/USD mainly zigzagged during last week but the general direction this month so far was down. The concerns over Spain are still here and there are calls for another ECB intervention (perhaps another LTRO). On today’s agenda: U.S. Retail…
The Euro/USD didn’t do much yesterday and remained virtually flat. There weren’t big headlines that came out yesterday. The U.S durable goods report came out and may have affect market sentiment and thus also commodities prices. The ministers of finance…
The Euro/USD continued its decline as it fell during the past three consecutive days. There are several items on today’s agenda including U.S non-manufacturing PMI and U.S. factory orders. Here is a short outlook for the Euro /USD for…
The Euro/USD changed direction and sharply declined yesterday by nearly one percent; this came after Bernanke’s testimony that disappointed traders for not mentioning any QE3 on the one hand and his optimism of the recovery of the US economy. The…
The Euro/USD is moving very slowly up in the past couple of weeks and yesterday it slightly increased again. The ECB will announce of the second LTRO three year loan plan to struggling EU banks. This may affect the direction…
The Euro/USD didn’t do much yesterday as it has slightly rose, while many other currencies such as Canadian dollar and Yen depreciated against the US dollar. Today, U.S. unemployment claims weekly update will come out. Here is a short…
Following the news regarding the approval of the Greek bailout (€130 billion) by the EU ministers of finance on Monday, the forex market returned to its slow paced activity. Today, U.S. existing home sales report will come out along with…
The Euro started off the week rising after the Greek bailout (€130 billion) was approved earlier today. The EU ministers of finance approved after 14 hours of discussions the second bailout plan for Greece and thus prevented Greece from reaching…
The Euro changed direction and after it had declined against the USD for four consecutive days, it finished Thursday’s trading slightly rising; currently the Euro/USD is traded slightly up. Today, U.S. CPI will come out along with the Canadian CPI.…
The Euro continued to decline for the fourth consecutive day; currently the Euro/USD is traded slightly down. Greece didn’t receive yet the bailout package from the EU and IMF. Moody’s is looking into downgrading the credit rating of 17 global…
