EUR/USD: EU Commission slashed the region’s economic growth forecast

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.17% against the USD and closed at 1.1050, after the European Union (EU) Commission downgraded Euro-zone’s growth forecast for 2019 and 2020. The European Central Bank (ECB), in … Continue reading

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EUR/USD: IMF downgrades Euro-zone’s 2019 growth forecast to 1.2%

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.05% against the USD and closed at 1.1069. On the data front, Euro-zone’s final Markit services PMI advanced to a level of 52.2 in October, more than market … Continue reading

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EUR/USD: Euro-zone’s producer price index declined in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.46% against the USD and closed at 1.1075. On the macro front, Euro-zone’s producer price index (PPI) dropped 1.2% on an annual basis in September, registering its biggest … Continue reading

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EUR/USD: Euro-zone’s manufacturing PMI advanced in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.1126. On the data front, Euro-zone’s final manufacturing PMI advanced to a level of 45.9 in October, compared to a reading … 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 rose 0.13% against the USD and closed at 1.1167 on Friday. In the US, data showed that non-farm payrolls increased by 128.0K in October, beating market expectations for an … Continue reading

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EUR/USD: Euro-zone’s economy grew more-than-expected in 3Q 2019

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1152. On the data front, Euro-zone’s seasonally adjusted preliminary gross domestic product (GDP) rose 0.2% on a quarterly basis in 3Q … Continue reading

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EUR/USD: Euro-zone’s consumer confidence index declined as estimated in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.1153. On the data front, Euro-zone’s final consumer confidence index fell to a level of -7.6 in October, meeting market expectations … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1113. In the US, data showed that the pending home sales advanced to its highest level in 21 months by 3.9% … Continue reading

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EUR/USD: Euro-zone’s M3 money supply rose below expectations in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.1099. In economic news, Euro-zone’s M3 money supply advanced 5.5% on an annual basis in September, lower than market consensus for … Continue reading

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EUR/USD: Germany’s GfK consumer confidence index unexpectedly fell to a 3-year low level in November

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.20% against the USD and closed at 1.1081 on Friday. On the data front, Germany’s GfK consumer confidence index unexpectedly eased to a 3-year low level of 9.6 … Continue reading

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EUR/USD: Germany’s services PMI unexpectedly fell to a 37-month low level in October

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.1103. On the macro front, Euro-zone’s preliminary manufacturing PMI remained unchanged at 45.7 in October. Moreover, the region’s flash services PMI … Continue reading

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