EUR/USD: Germany’s industrial production surprisingly rose for the second consecutive month in March

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly rose against the USD and closed at 1.1197. The European Central Bank (ECB) President, Mario Draghi, stated that the central bank would continue to maintain its inflation target … Continue reading

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EUR/USD: European Commission lowers Euro-zone’s growth outlook

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1192, after the European Commission downgraded its growth forecasts for the euro area. The European Union (EU), in its latest report, … Continue reading

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EUR/USD: Euro-zone’s services sector activity dropped to a 3-month low level in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1200. On Friday, data showed that the Euro-zone’s preliminary consumer price index (CPI) rose 1.7% on an annual basis in April, … Continue reading

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EUR/USD: Euro-zone’s manufacturing PMI contracted less-than-estimated in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.1175. On the macro front, the Euro-zone’s final manufacturing PMI contracted to a level of 47.9 in April, compared to a … Continue reading

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EUR/USD: Euro trading slightly higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.11% against the USD and closed at 1.1202. The US dollar gained ground against major currencies, after the Fed, at its latest monetary policy meeting, decided to leave … Continue reading

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EUR/USD: Euro-zone’s gross domestic product advanced more-than-expected in 1Q 2019

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.27% against the USD and closed at 1.1214, amid upbeat economic data. On the data front, the Euro-zone’s seasonally adjusted flash gross domestic product (GDP) climbed 0.4% on … Continue reading

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EUR/USD: Euro-zone’s M3 money supply climbed to its highest level in 14-months in March

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1184. On the macro front, the Euro-zone’s M3 money supply advanced to 14-month high of 4.5% on an annual basis in … Continue reading

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EUR/USD: Euro extends its gains in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.1148 on Friday. In the US, data showed that preliminary annualised gross domestic product (GDP) advanced 3.2% in 1Q 2019, surpassing … Continue reading

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EUR/USD: Euro trading a tad higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.15% against the USD and closed at 1.1137. The US dollar gained ground against a basket of currencies, amid robust US capital goods orders data. In the US, … Continue reading

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EUR/USD: Germany’s Ifo business climate index unexpectedly fell in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.61% against the USD and closed at 1.1154. On the data front, Germany’s Ifo business climate index unexpectedly slid to a level of 99.2 in April, compared to … Continue reading

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EUR/USD: Euro-zone’s consumer confidence index unexpectedly declines in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.34% against the USD and closed at 1.1222. On the data front, the Euro-zone’s consumer confidence index surprisingly slid to a level of -7.9 in April, defying consensus … Continue reading

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