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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1734, pressured by heightened political uncertainty in the Euro-zone’s largest economy. Yesterday, German Chancellor, Angela Merkel stated that she would prefer … Continue reading

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EUR/USD: Angela Merkel fails to form a new coalition government in Germany

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.1797 on Friday. On the data front, seasonally adjusted construction output in the Euro-zone climbed 0.1% MoM in September, after recording … Continue reading

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EUR/USD: Euro trading on a stronger footing, ahead of ECB President’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1772. On the macro front, the Euro-zone’s final consumer price index (CPI) climbed 1.4% on an annual basis in October, confirming … Continue reading

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EUR/USD: Euro-zone’s trade surplus surprisingly widened in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.1775. On the macro front, the Euro-zone’s seasonally adjusted trade surplus surprisingly widened to a record high of €25.0 billion in … Continue reading

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EUR/USD: German economy grew faster-than-expected in 3Q 2017

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.12% against the USD and closed at 1.1796, boosted by robust economic growth in Germany. In economic news, second estimate of the Euro-zone’s seasonally adjusted gross domestic product … Continue reading

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EUR/USD: Euro trading a tad higher, ahead of ECB President’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1665. On the data front, Germany’s wholesale price index rose 3.0% on a yearly basis in October, following a rise of … Continue reading

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EUR/USD: Euro trading lower in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.22% against the USD and closed at 1.1668 on Friday. In economic news, industrial production in France rebounded more-than-expected by 0.6% on a monthly basis in September, compared … Continue reading

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EUR/USD: Euro-zone’s economy to continue its strong momentum in the second half of 2017: ECB’s economic bulletin

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.41% against the USD and closed at 1.1642. According to the European Central Bank’s (ECB) latest economic bulletin, the solid and broad-based economic recovery in the common currency … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1595. Macroeconomic data released in the US showed that mortgage applications remained flat in the week ended 03 November, comparted to … Continue reading

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EUR/USD: ECB Chief stated there is little evidence that negative interest rates have affected profitability of banks

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.12% against the USD and closed at 1.1596. The European Central Bank (ECB) President, Mario Draghi, stated that most of the financial stability issues that were linked to … Continue reading

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EUR/USD: Eurozone services PMI fell in October, investor confidence surged to the highest level since July 2007

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1610. On the data front, Eurozone final services PMI slid less than previously expected to 55.0 in October from 55.8 in … Continue reading

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