Archive for the ‘Euro’
Weekly Gains of Pound on Favorable Economic Data & EU Problems
The Great Britain pound surged this week against the euro as the debt problems in the Eurozone attracted the investors to the perceived safety of Britain’s currency. The sterling also gained versus other currencies, including the US dollar and the Japanese yen. The favorable macroeconomic reports, including the reports about the retail sales, the manufacturing production and the leading indicators, supported the sterling versus other currencies. Still, some negative reports were also released, including the reports about [...]
Euro Rises on German Grow. Can Rally Be Sustained?
The euro extended its rally against greenback for the third day today as the Bundesbank raised its forecast for Germany’s economic growth. The rally may be short-lived, though, as other countries of the European Union aren’t likely to repeat the German economic growth. Most analysts aren’t convinced that the European troubles would be solved in the near future as the European official just saying that everything will be okay instead providing the real [...]
Euro Falls vs. Dollar on Lower German Production
The euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved. The German industrial production fell 0.6 percent in June, while the economists expected another month of the growth after the production expanded as much as [...]
Euro Up on Stress Test Speculations
The euro is growing against the other major currencies today, as the European banks’ stress test speculations provide a better ground for the Forex traders than the sovereign debt risk concerns in some of the Eurozone countries. The currency rose against the U.S. dollar, the pound and the yen after opening with a bearish weekly gap and losing slightly during the early trading session. European officials are stress-testing 91 banks, trying to determine their level [...]
EUR/USD peaks at 1.2680 resistance and heads south
After a steady 3 hours of trading between 1.2675 & 1.2662 the pair has started its descent. Risk aversion drove the pair down to 1.2638 at the moment of writing. Valeria Bednarik, FXstreet.com Independent analyst, highlights the importance of this stage “1.2630 area is now key, as per 20 SMA in the 4 hours charts [...]
Euro Drops on Outlook for Interest Rates to Stay at Low Level
The euro halted its three-day rally today on the prospect that the European Central Bank would keep the interest rates at the current low level in the effort to reduce the negative impact of the budget deficits on the region’s economy. Jean-Claude Trichet, the President of the European Central Bank, stressed yesterday the importance for the European governments to reduce the budget deficits in order to improve the confidence of the investors and the consumers. The economists say that the European economy is currently too weak to justify [...]
EUR/JPY consolidates around 110.00
EUR/JPY seems to have entered into a consolidation phase after rallying from the 107.50 area to 110.71 where it peaked last session. The pair has been moving into a range between 109.90 (intra-session low) and 110.30 (intra-session high) after opening the day at its NY closing price around 110.20. Currently EUR/JPY is trading at 110.18, [...]
EUR/USD moves marginally during the Asian session
FXstreet.com (Córdoba) – Aside from the Aussie, no major movements took place during the Asian session and even though the stock markets have been slightly positive today, they were mostly flat. EUR/USD opened a little higher at 1.2565 and at the beginning of the day it moved down, reaching an intra-session low at 1.2521 but [...]
US Dollar Weakens Against Pound and Yen
While EURO fell today, we still can see another remarkable downward with the U.S Dollar. As the US economic didn’t rise as what they expected, we can notice that U.S Dollar now is weakened against Pound and Yen.
EURO Remains in Dark Side
We can see the weakness of EURO recently due to the deadlock of European crisis that even the Group of Twenty nations’ leaders still can find the best solution. They must reach a good agreement to deal with this problem.