EURUSD The Euro saw weak trading due to the Easter Holidays. However, the markets expect heavy data release later in the week. The EuroZone’s Industrial and Services Data due for release later in the week will give an insight into the European economy and the willingness of the economy to accept stimulus packages from the…
EURUSD The Euro recorded a limited rally during the Asian Session on Thursday, after two straight sessions of decline against the Dollar. The recovery comes as the Dollar stopped rising against major currencies giving room for the Euro to recover. Recent comments by members of the European Central Bank showed some confusion over the future…
EURUSD The Euro continued to rise during the Asian session on Tuesday, for the third session in a row, trading at a five-week high, supported by falling dollar levels against major currencies. Important data has changed the EuroZone so far but the single European currency is yet to gain momentum following the calm caused by…
Important Data and Economic Events Today: Australia: Unemployment rose by 0.1% to 5.6% with participation rate rising 0.1% to 65.7%. Employment rose by 17,500. France: GDP Report Q4 will be released at 7:45 GMT, along with the Business Climate Report. PMI reports will be issued. Euro Zone: The current account balance report for January will…
EURUSD The Euro saw a recovery in Asian trading on Wednesday after hitting a three-week low yesterday, as market watchers focus on the G-20 Meeting as well as the Federal Reserve Meeting. The G-20 Ministers have rejected a US Trade Protection Policy and urged more dialogue on global trade, but failed to eliminate trade-related threats…
EURUSD The Euro rose on Tuesday for the second session in a row as Dollar levels were weighed down by a sharp rise in the Pound Sterling yesterday. Expectations are beginning to change for the ECB, especially as the Federal Reserve continues to pursue a tight Monetary Policy, as the monetary policy gap continues to…
EURUSD The Euro fell for a fourth consecutive session to trade near two-week lows, as the Federal Reserve is expected to raise Interest Rates at its meeting this week. The US Dollar may continue to consolidate this week, awaiting the results of the Federal Reserve meeting, where an interest rate hike by 25 basis points…
EURUSD The Euro saw slight gains during the Asian trading session on Thursday, after yesterday’s drop, as stalling commences for the currency ahead of EuroZone Inflation Data this week. The USD attempted rallying yesterday but failed after negative Retail Sales Data and US Producer Prices figures came in weak. European Central Bank President Mario Draghi…
EURUSD The Euro rose to a third consecutive day against the Dollar, hitting its highest level in a week, at the expense of falling dollar levels against major currencies. The decline in Inflation in the United States during the past month pushed the US Dollar to expand its losses against major currencies, which allowed the…
EURUSD The Euro saw weak movements during the Asian session on Tuesday, after a slight advance in yesterday’s trading, following weak trading volume caused by the absence of Economic Data from the EuroZone. Focus on the currency markets remains on the Inflation Data expected to be released from the US Economy later today. Daily technical…
