EUR/USD: German consumer confidence rose for a consecutive second month for June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.1222, after Germany’s GfK consumer confidence index unexpectedly climbed to a level of 10.4 for June, on the back of further … Continue reading

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EUR/USD: Euro trading slightly lower, ahead of Mario Draghi’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.48% against the USD and closed at 1.1186. Macroeconomic data showed that manufacturing PMI recorded an unexpected rise to a level of 57.0 in May in the Eurozone, … Continue reading

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EUR/USD: The weak Euro is the fault of the ECB’s monetary policies: German Chancellor

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.1240, after German Chancellor, Angela Merkel, blamed the European Central Bank’s (ECB) ultra-low interest rates and its quantitative easing programme for … Continue reading

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EUR/USD: Euro-zone’s consumer confidence reached its highest level since July 2007 in May

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.86% against the USD and closed at 1.1202 on Friday. On the macro front, the Euro-zone’s consumer confidence index rose less than expected to a level of -3.3 … Continue reading

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EUR/USD: Policymakers could start considering stimulus exit in June: ECB minutes

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.47% against the USD and closed at 1.1107. According to the minutes of the European Central Bank’s (ECB) latest meeting, board members generally agreed that June would be … Continue reading

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EUR/USD: Euro-zone’s annual inflation growth confirmed at 1.9% in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.6% against the USD and closed at 1.1160, after the Euro-zone’s final consumer price index (CPI) advanced 1.9% on an annual basis in April, confirming the flash estimates. … Continue reading

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EUR/USD: Euro-zone’s GDP growth confirmed at 0.5% in 1Q 2017

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.04% against the USD and closed at 1.1093, on the back of upbeat economic data from across the Euro-zone. Data indicated that the Euro-zone’s ZEW economic sentiment index … Continue reading

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EUR/USD: Euro trading higher, ahead of the ZEW survey data across the Euro-zone

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.49% against the USD and closed at 1.0979. On the data front, Italy’s final consumer price index rose 1.9% on an annual basis in April, compared to a … Continue reading

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EUR/USD: German economic growth at a 12-month high level in 1Q 2017

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.61% against the USD and closed at 1.0928 on Friday, after Germany’s seasonally adjusted preliminary gross domestic product (GDP) rose 0.6% on a quarterly basis in the first … Continue reading

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EUR/USD: European Commission lifted Euro-zone’s growth forecast for 2017

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.0862. Yesterday, the European Commission (EU), in its quarterly economic forecasts report, slightly upgraded Euro-zone’s economic growth forecast to 1.7% for … Continue reading

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EUR/USD: Too Soon To Declare Inflation Victory: ECB’s Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.13% against the USD and closed at 1.0866, after the European Central Bank’s (ECB) President, Mario Draghi, brushed off calls to scale back its stimulus programme, reiterating that … Continue reading

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