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Day: September 27, 2012
September 272012
Euro Slips against Dollar in Forex Trading
Euro has changed direction and is heading lower today against the US dollar. Earlier, the 17-nation currency had the upper hand, but optimism is fading and the euro is slipping. The latest economic indications for the eurozone aren’t particularly encouraging, and that is starting to weigh on the euro, especially against the US dollar. Business confidence in the eurozone dropped to a three-year low, and unemployment continues to rise in Germany, eurozone’s biggest economy. The news is […]
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September 272012
US Dollar Pulls Back on Renewed Risk Appetite
US dollar is pulling back today, heading lower as risk appetite makes an appearance in the markets. Even though anti-austerity protests continue throughout Europe, and even though uncertainty remains in the markets, a bit of risk is becoming apparent, and that is weighing on the greenback. There is hope for Spain’s new 2013 budget, due to be presented today. As a result, the euro has the upper hand, and the US dollar is heading lower. […]
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September 272012
GDP Revision and Drop in Durable Orders Fail to Direct EUR/USD
Although there was a significant jump in volatility following the most important macroeconomic releases that came out of the United States today, the euro/dollar pair failed to show any directed movement beyond the early session’s trend. EUR/USD is still trading not too deep below its daily open level. The US GDP growth rate for the second quarter of 2012 was unexpectedly revised down to 1.3% in its third estimate. […]
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