EUR/USD: German trade surplus contracted in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.0652. On the economic data front, Germany’s seasonally adjusted trade surplus narrowed more-than-expected to a level of €18.7 billion in December, … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro trading lower, ahead of Germany’s trade balance data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.0694. In the US, data revealed that MBA mortgage applications rebounded 2.3% in the week ended 03 February 2017, following a … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: German industrial output surprisingly fell in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.64% against the USD and closed at 1.0679, after Germany’s seasonally adjusted industrial production unexpectedly dropped 3.0% on a monthly basis in December, declining by the most in … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Stimulus still needed for Euro-zone’s economic recovery, says ECB Chief

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.0748, after the European Central Bank (ECB) President, Mario Draghi brushed off calls for the ECB to reduce stimulus. The ECB … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro-zone’s services sector growth revised higher in January

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.0766 on Friday. In economic news, the Euro-zone’s final Markit services PMI was surprisingly revised upwards to a level of 53.7 … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: No signs of a ‘convincing upward trend’ in inflation yet in the Euro-zone: ECB economic bulletin

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.0761. Yesterday, the European Central Bank (ECB), in its economic bulletin report, stated that headline inflation has increased recently, largely attributed … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro trading higher, ahead of the ECB Chief’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.29% against the USD and closed at 1.0764. On the economic data front, final reading of the Eurozone’s Markit manufacturing PMI rose above expectations to a 69-month high … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro-zone’s inflation spikes in January, unemployment rate plunges in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.9% against the USD and closed at 1.0795, after the Euro-zone’s flash consumer price index (CPI) jumped more-than-expected by 1.8% on an annual basis in January, surging to … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Germany’s annual inflation surged in January

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.3% against the USD and closed at 1.0699. Macroeconomic data indicated that Germany’s preliminary consumer price index (CPI) jumped 1.9% on an annual basis in January, accelerating at … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: Euro trading higher in the Asian session, ahead of Germany’s inflation data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.19% against the USD and closed at 1.0697 on Friday. On the data front, Germany’s import price index climbed 1.9% on a monthly basis in December, compared to … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: German consumer sentiment improved in February

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.65% against the USD and closed at 1.0677. On the economic front, Germany’s GfK consumer confidence index rose to a level of 10.2 in February, escalating to a … Continue reading

Posted in EUR/USD | Comments Off