EUR/USD: Euro trading marginally higher in the morning, following Friday’s gain

EURUSD Movement On Friday, EUR rose 0.21% against the USD and closed at 1.3620. The US Dollar lost against the Euro after the US non-farm payrolls rose by 113,000 jobs in January, failing to meet analysts’ expectations for a rise … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Idea of deflation should be dispensed in the Euro-zone economy, suggests ECB Chief, Mario Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.43% against the USD and closed at 1.3592, after the European Central Bank (ECB) President, Mario Draghi rejected the possibility of deflation in the Euro-zone economy. Mario Draghi, following … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro trading lower ahead of ECB’s interest rate decision

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.13% against the USD and closed at 1.3534. The US Dollar declined against the Euro after the ADP report showed that the US private sector added 175,000 jobs in … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Greenback advanced on Fed’s policy-makers support for tapering, trading marginally higher this morning

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3516. The US Dollar advanced against the single currency after two Fed officials hinted a continuation in the reduction of the central … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Fed focused on the “real economy” and not just the stock markets, says Fed’s Richard Fisher

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.26% against the USD and closed at 1.3523, after a report showed that the Euro-zone’s Markit manufacturing PMI advanced to a reading of 54.0 in January, more than analysts’ … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro-zone’s consumer inflation rate unexpectedly fell while the domestic unemployment rate remained steady at 12.0%

EURUSD Movement On Friday, EUR declined 0.40% against the USD and closed at 1.3504, as an unexpected fall in the Euro-zone’s consumer inflation rate spurred fresh speculations for an additional monetary easing measure by the European Central Bank (ECB). Data … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Greenback extends gain on strong US GDP data

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.72% against the USD and closed at 1.3558 The US Dollar continued to gain support, after the US economy grew in the fourth quarter. The Commerce Department’s Bureau of … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Fed announced further reduction in its bond purchases

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3657. Yesterday, the Federal Reserve policymakers unanimously voted to further cut the stimulus measures. The central bank announced another $10 billion reduction … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Fed announced further reduction in its bond purchases

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3657. Yesterday, the Federal Reserve policymakers unanimously voted to further cut the stimulus measures. The central bank announced another $10 billion reduction … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: US Dollar trading marginally higher ahead of the outcome of the Fed monetary policy meeting

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3655. On the economic front, the Federal Statistical Office Germany indicated that the import price index in Germany remained flat in December … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: ECB’s Jens Weidmann suggest to trust the ECB for upholding its mandate

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.09% against the USD and closed at 1.3674. The US Dollar gained ground against the Euro amid speculation that the Fed, in its two-day policy meeting, would taper its … Continue reading

Posted in EUR/USD | Comments Off