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Day: January 24, 2008
January 242008
Euro Stronger after Business Climate Improves
Euro stood stronger against the U.S. dollar and the Japanese yen on Forex market after the Business Climate Index for January 2008 in Germany was released by the Ifo Institute for Economic Research today. EUR/USD climbed up 50 pips up from the today’s opening level, making it a third day in a row for euro […]
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January 242008
Euro Rises as Dollar Weak on Average Releases
Today EUR/USD again showed a good level of gains, recovering from the major drop that was seen on Monday. It’s already up by almost 0.8% and is looking strong. The reason for this behavior lies in the good Eurozone fundamental data and average data from U.S. today. Initial jobless claims report for the last week showed an insignificant drop by 1,000 compared to previous 302,000 (which has been revised up from […]
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January 242008
EUR/USD Close to 1.4 on Weak U.S. Fundamentals
EUR/USD rose today, advancing to the important psychological level at 1.4000, after the macroeconomic reports from U.S. failed to show something good for the dollar. The stock markets rose spurring confidence in the riskier assets, which is euro. EUR/USD is trading at 1.4001 now. Durable goods orders decreased by 1% in November after falling 8.4% in October (revised from 6.2%) — a 50/50 result considering a forecast drop of 3.1% for the […]
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