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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.2334. Macroeconomic data revealed that the US Federal Government recorded a budget deficit of $215.2 billion in February, posting its largest … Continue reading

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EUR/USD: Germany’s final industrial production surprisingly dipped in January

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly rose against the USD and closed at 1.2314 on Friday. Macroeconomic data indicated that Germany’s seasonally adjusted final industrial production unexpectedly eased 0.1% on a monthly basis in … Continue reading

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EUR/USD: ECB kept monetary policy unchanged, dropped its promise to extend stimulus if needed

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.71% against the USD and closed at 1.2315, after the European Central Bank (ECB) Chief, Mario Draghi struck a cautious tone on inflation and signalled that monetary policy … Continue reading

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EUR/USD: Euro-zone’s economic growth slowed as initially estimated in 4Q 2017

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.06% against the USD and closed at 1.2411. On the macro front, the Euro-zone’s seasonally adjusted final gross domestic product (GDP) climbed 0.6% on a quarterly basis in … Continue reading

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EUR/USD: Germany’s construction sector grew at its weakest pace since January 2017 in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.63% against the USD and closed at 1.2427. In economic news, Germany’s Markit construction PMI declined to a 13-month low level of 52.7 in February, after registering a … Continue reading

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EUR/USD: Eurozone’s services sector activity revised lower in February, while Germany’s services sector growth confirmed at a 3-month low in the same month

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.15% against the USD and closed at 1.2337, after Germany’s Social Democrats decisively voted to form a grand coalition with Angela Merkel’s conservatives, thereby ending a prolonged period … Continue reading

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EUR/USD: German retail sales surprisingly dipped in January

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.43% against the USD and closed at 1.2329 on Friday. In economic news, data showed that the Euro-zone’s producer price index (PPI) climbed less-than-anticipated by 1.5% on an … Continue reading

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EUR/USD: Euro-zone’s manufacturing activity expanded at a slower pace in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.64% against the USD and closed at 1.2270. On the macro front, Euro-zone’s final Markit manufacturing PMI eased to a 4-month low level of 58.6 in February, compared … Continue reading

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EUR/USD: Euro-zone’s annual inflation eased to a 14-month low level in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.2196, after data revealed that annual inflation in the Euro-zone slowed in February. The Euro-zone’s flash consumer price index (CPI) advanced … Continue reading

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EUR/USD: Germany’s annual inflation slowed in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.77% against the USD and closed at 1.2236, after Germany’s annual inflation growth missed market expectations in February. Data revealed that Germany’s flash consumer price index (CPI) registered … Continue reading

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EUR/USD: Euro-zone’s economic slack may be bigger than thought, warns ECB’s Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.2311, after the European Central Bank’s (ECB) President, Mario Draghi, stuck to his pledge of pouring money into the Euro-zone economy. … Continue reading

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