EURUSD The Euro tried edged higher during the Asian Session on Thursday after falling to a two-week low against the Dollar, which strengthened against a basket of major currencies yesterday, finding support following the US Congress’ approval of a 2-yr Government Funding, raising Government spending by $300 billion. As the fears of a US Government…
EURUSD The Euro rose slightly during Wednesday’s session and for the second day in a row as holding firm against the current volatility in the financial markets, especially after the persistent decline of US and Global Stocks since the beginning of the week. Economic Data from the Euro Zone have read strong and there is…
Australia: December Trade Deficit hit 1.358 billion dollars. The Reserve Bank of Australia kept Interest Rates unchanged at today’s meeting. Germany: Factory Orders Report in December to be released at 7:00 GMT. German President Jens Wiedmann is scheduled to speak at 9:00 am (GMT). France: The First Quarter Investment Report will be released at 7:45…
EURUSD The EUR opened the week with a limited downside gap and soon rallied to cover this gap to keep the single European currency stable, ahead of European Central Bank President Mario Draghi’s testimony to Parliament today. The Euro, like the rest of the major currencies, weakened against the US Dollar on Friday after a…
EURUSD The Euro rose against the Dollar for the third day in a row as it continued to record limited gains due to investors’ focus on developments in the Federal Reserve Meeting and Economic Data releases.The recovery follows the Federal Reserve meeting, which indicated a continued tightening in US Monetary Policy and a gradual increase…
EURUSD The Euro saw a significant rally on Thursday, hitting a three-year high against the dollar, ahead of the ECB meeting later in the day. The sharp rise in Euro levels comes after the collapse of Dollar levels to the lowest level since December 2014, on the back of statements by the US Treasury Secretary…
EURUSD The Euro rose on Wednesday to its highest level in three years, following a sharp drop in US Dollar levels and the anxious expectations of a European Central Bank (ECB) reference to stimulus withdrawals this year at the ECB Meeting. The three-year low in the Dollar helped the Euro rise significantly in today’s session…
EURUSD The Euro is witnessing weak movements during Asian trading on Tuesday as it was affected by the Dollar’s attempts to recover after the US Congress reached an interim agreement to end the Government Shutdown. Technically, a rebound in the pair should reinforce the previous bullishness. The pair’s success in breaching near resistance levels at…
EURUSD The Euro traded downwards during the Asian trading session as the Dollar gained strength. European markets are however, optimistic that German political parties will reach an agreement on forming a coalition government despite lingering inter-party skirmishes. Markets are also in high anticipation of the ECB Meeting this week, and the comments of the Bank…
EURUSD The Euro rallied to a three-year high yesterday Tuesday, as the ECB Members’ comments on the Bank’s ability to end the Stimulus Program were positive. With the Euro Zone seeing its best growth in a decade, the ECB should gradually shift its stance to avoid a more disruptive move later and look at a…
